Walkers (Hong Kong) Acts on Ant Financial Financing

Walkers' Hong Kong office acted as offshore legal counsel to Ant Financial in their recent financing.

Ant Financial, controlled by Alibaba Group Holding Ltd founder Jack Ma, was spun off from Alibaba when the group went public in New York. The company has diversified over the years into credit services, asset management and online banking, besides owning the Alipay payment platform.

After becoming a dominant in payments in China, the company has also invested in a number of internet-based startups including Chinese bike-sharing company Ofo, food delivery app operator Ele.me and Indian payment company PayTM.

The Walkers team was led by partner Denise Wong with assistance from senior associates Paul Waldron and Ally Lam.

HONG KONG
Denise WongPartnerT +852 2596 3303denise.wong@walkersglobal.com
Ally LamSenior AssociateT +852 2596 3361ally.lam@walkersglobal.com