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Ant Financial takes stake in Vietnam's eMonkey - Venture Capital Deal
Ant Financial has acquired a substantial stake in Vietnam-based digital payments firm eMonkey, according to Reuters sources; the deal occurred over the summer but has not been announced due to concerns of anti-China sentiment in Vietnam; Ant Financial holds less than 50 percent of eMonkey, but will reportedly still have significant influence over the firm; Ant Financial will also provide assistance for eMonkey’s digital wallet.