Alibaba invests in Klarna

The investment will deepen ongoing collaborations between Klarna and Alipay

Alibaba invests in Klarna. Source: facebook.com

Ant Financial, the payment affiliate of Alibaba Group, has acquired a minority stake in Klarna as they strengthen partnership to bring more convenient financial services worldwide.

Anti Financial’s investment in Klarna supports the further development of their strategic cooperation. This way, Klarna will be able to provide innovative solutions to consumers and merchants within the broader Alibaba ecosystem.

Besides, Klarna and Alipay have already been collaborating via Alibaba’s global marketplace, AliExpress. It currently enables customers at AliExpress to use Klarna’s popular ‘Pay later’ solution across multiple markets.

For too long consumers have had to endure non-intuitive, boring and overly complex services when shopping both online and offline. At the heart of this cooperation between Klarna and Alipay is a shared ambition of innovating truly superior shopping experiences and creating destinations of inspiration for consumers across the world. Alipay, and the wider Alibaba Group, have truly set the global pace on retail innovation and the app economy. We are delighted in this confidence shown in Klarna in defining the future of payments and shopping and are very much looking forward to working together further in the future

Sebastian Siemiu0105tkowski, CEO at Klarna

SEE ALSO:

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Pay Space

Breaking News

Airwallex Expands to U.S.

Nvidia to Acquire Israeli Startup Run:ai

Amazon to Invest $11 Billion in Indiana

Microsoft-Backed Rubrik Shares Increase 25%

EU Approves Due Diligence Obligations For Crypto Companies Under MiCA

Join Us

Newsletter

Alibaba invests in Klarna

Pay Space

Related Posts

Breaking News

Join Us

Newsletter

Get Updates