Alibaba Subsidiary Ant Group Expands to Singapore with Newly Established Ant International

By: Asia Business Outlook Team | Friday, 29 September 2023

Ant Group, a subsidiary of the Chinese conglomerate Alibaba Group, unveiled its new Singapore office on Sept 28, which will house its various international business and technology segments, including Ant International. They said in a statement that the newly formed Ant International Foundation (AIF) reaffirms the company's commitment to Singapore as a global anchor of innovation and sustainable growth.

"This new office demonstrates our commitment to ensuring that our teams in Singapore continue to play an important role in our international development," said Eric Jing, Chairman and CEO of Ant Group.

In particular, he said Ant International and the creation of Ant International Foundation mark a new journey for the international development of Ant Group.

“Today, people everywhere are looking for new pathways to inclusive and sustainable growth,

“We will give our best to help realize the promise of digital technologies to bring small and beautiful changes to every small business and every community we serve,” he added.

According to the statement, Ant International, the international business unit of Ant Group, is committed to powering the future of global commerce with digital innovation to enable consumers with seamless payment services, and help global merchants to do business easily everywhere through trusted and innovative digital solutions.

Peng Yang, Ant International's newly appointed President, stated that the opening of an expanded office and AIF in Singapore, a global hub of financial innovation and sustainable growth, marks a new chapter of growth and collaboration for the company.

"From Singapore we are extending a global journey towards our unchanging vision: to work with partners to create a future commerce where every individual and every business may harness the power of digital technologies to achieve sustainable growth," he stated.

He also stated that the firm's trust and support from Singaporean and global partners is both humbling and inspiring.