Alibaba unit Ant Financial to buy 20% stake in Bangladesh payments firm bKash

A logo of Ant Financial is displayed at an event of the company in Hong Kong, China November 1, 2016. REUTERS/Bobby Yip

Ant Financial, a unit of Alibaba’s payment arm Alipay, is buying 20 per cent stake in Bangladeshi mobile financial services provider bKash, according to reports by local media.

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