China’s Ant Financial, thwarted in the US, is expanding rapidly in Europe

qz.com

It's no secret that Ant Financial has global ambitions. With a $150bn private valuation and likely to go public in the next 18 months, the major question is when, not if, the Chinese company will go after non-Chinese customers. The strained relationship between the US and China resulted in a blocked acquisition of MoneyGram and increased scrutiny on all US based activities (at least on the consumer side). My guess is an increased focus on offering technology products to Western financial institutions - they've certainly got enough clout to fend off the government's inquiring eyes.

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