China-Asia Ecosystem Newsletter - March 2020

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Ant Financial acquires a minority stake in Sweden-based digital payments firm Klarna. The new arrangement will allow the partnership to expand globally.

London-based fintech startup TransferWise said it has enabled international money transfers to China through a partnership with Alibaba’s Alipay.

SenseTime Group has deferred its plan for an up to $750 million IPO in Hong Kong this year and instead aims to tap private markets.

Alibaba Cloud has opened its AI-powered diagnosis system, able to detect coronavirus cases via computerized tomography (CT) scans, to global medical professionals for free.

Tencent has launched a new function called Fenfu inside its ubiquitous WeChat app, allowing some users to acquire goods and repay the bill at a later date.

Wirecard and Grab have announced a partnership that would allow the global financial services provider to process transactions made via the GrabPay e-wallet.