Li Ka-shing, Jack Ma Join Forces to Bring Digital Wallet to Hong Kong
Ma, Li to Bring Digital Wallet to Hong Kong
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Billionaire Li Ka-shing’s CK Hutchison Holdings Ltd. and Jack Ma’s Ant Financial unit will form a joint venture to offer a digital wallet service in Hong Kong.
The wallet will come under the AlipayHK brand which was already launched in May, CK Hutchison said in a statement on Tuesday. The mobile app will allow users to make in-store payments in 4,000 retail outlets and will also offer insurance products and food and beverage vouchers.