Ant Group Introduces ANEXT Digital Bank in Singapore
Ant Group, the Chinese financial technology firm controlled by billionaire Jack Ma, announced on Monday the formation of ANEXT Bank, a digital wholesale bank incorporated in Singapore.

Ant Group, the Chinese financial technology company controlled by billionaire Jack Ma, announced on Monday the establishment of ANEXT Bank, a digital wholesale bank incorporated in Singapore.
Ant, the financial subsidiary of Chinese e-commerce giant Alibaba (NYSE:BABA) Group, has gained authorisation from Singapore's Monetary Authority for ANEXT to begin operations on June 2, according to a statement from the firm.
Ant is the sole owner of ANEXT, it was added.
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