Ant Bank received a $100 million capital boost from Ant International to help the digital bank improve its services and products, The Standard reported Wednesday.
The capital injection will also help the digital bank of Alibaba (HKG:9988) affiliate Ant Group with its digital financial services thrust in Hong Kong, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)