Toronto, Canada (June 8, 2018) – Canada Pension Plan Investment Board (CPPIB) announced today that it entered into a definitive agreement to invest approximately US$600 million in Ant International Co., Limited (“Ant International”), a wholly-owned off-shore subsidiary of Ant Small and Micro Financial Services Group Co., Ltd. (“Ant Financial” or the “Company”), a tech company dedicated to using technology to bring the world equal opportunities.
Since the launch of
Alipay in 2004 and the establishment of Ant Financial in 2014, the Company has
built an integrated technology platform and an eco-system of partners to bring
more secure, transparent, cost-effective and inclusive financial services to
individuals and small and medium enterprises globally. The Company will
continue to invest in developing its blockchain, Artificial Intelligence, security, Internet of Things and
computing capabilities to upgrade its global technology platform for the next
online financial market presents meaningful opportunities for leading
participants like Ant Financial,” said Suyi Kim, Senior Managing Director, Head
of Asia Pacific, CPPIB. “Through this
investment, CPPIB is able to contribute to Ant Financial’s efforts to provide a
full-range of products and services to empower financial institutions and other
partners both globally and in China, where it will further transform financial
systems through innovation in technology.”
In the year ended March 31, 2018, Alipay, together with its global
partners, served approximately 870 million annual active users globally and
over 15 million small businesses in China. Ant Financial is dedicated to building an
open ecosystem with global partners, and will continue to invest in technology
and innovation in order to serve unmet financial needs of people everywhere and
to enable them to benefit from the development of the digital economy.
Canada Pension Plan Investment Board (CPPIB) is a professional
investment management organization that invests the funds not needed
by the Canada Pension Plan (CPP) to pay current benefits on behalf of 20
million contributors and beneficiaries. In order to build a diversified
portfolio of CPP assets, CPPIB invests in public equities, private equities,
real estate, infrastructure and fixed income instruments.
Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg,
Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and
managed independently of the Canada Pension Plan and at arm’s length from
governments. At March 31, 2018, the CPP Fund totalled $356.1 billion. For
more information about CPPIB, please visit www.cppib.com or follow us
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