Alibaba subsidiary on its way to Belgium

Alibaba subsidiary on its way to Belgium

Chinese Alibaba is looking whether it will open an Ant Financial store in Brussels, but it has not taken a final decision just yet. Its subsidiary is focused on financial products, like Alipay.

 

Discuss progress

The idea that Alibaba would open an Ant Financial store in Brussels has been floating around for a while. Founder Jack Ma has allegedly talked to King Filip about the idea already and State Secretary of the Brussels-Capital Region, responsible for Foreign Trade, Cécile Jodogne, will travel to China in April to discuss it further. “There is a moment in the program for an Alibaba meeting”, Jodogne told Bruzz. “The mission is also an opportunity to discuss the store’s progress in Brussels.”

 

Ant Financial was inthe news earlier this year, when the American government blocked its bid for MoneyGram. According to the Americans, the acquisition would endanger the national security. Ant Financial was willing to pay 1.2 billion dollars (980 million euro) for the American company.