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Ant is China’s dominant mobile payment company, offering loans, payments, insurance and asset management services via mobile apps. It is 33 percent owned by Alibaba and controlled by Alibaba founder Jack Ma.
Like Tencent’s WeChat platform, Ant’s Alipay is used primarily by Chinese citizens with accounts in renminbi currency. Most of its US interactions are with merchants accepting payment from Chinese travelers and businesses in the country.
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