Standard Chartered, Ant Financial to Collaborate on China Initiative -Reuters
18 December 2017 - 11:42PM
Dow Jones News
--Standard Chartered PLC (STAN.LN) and Ant Financial, formerly
known as Alipay and an affiliate company of Alibaba Group Holding
Ltd. (BABA) have agreed to collaborate in countries under China's
international investment initiative, known as Belt & Road,
Reuters reported.
--Standard Chartered said on Monday that the two companies will
join forces, Reuters reported, in order to increase access to
financial services in countries along the route of the
initiative.
--No details were given on how the parternship--which aims to
recreate the Silk Road with massive infrastructure projects
connecting China with Europe and beyond--will work, Reuters
said.
Full story: https://goo.gl/dZWzbY
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
December 18, 2017 07:27 ET (12:27 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Standard Chartered (LSE:STAN)
Historical Stock Chart
From Apr 2024 to May 2024
Standard Chartered (LSE:STAN)
Historical Stock Chart
From May 2023 to May 2024