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Alibaba unit invests 200 million dollars in S.Korea's Kakao Pay

Alibaba's payment affiliate Ant Financial will invest 200 million dollars in a unit of South Korean messaging giant Kakao, the companies said Tuesday, the Chinese firm's latest step to expand its global reach. The investment in Kakao Pay comes less than a month after Ant bought ​ ​ US-based payments operator MoneyGram for around 880 million ​...

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