Chinese e-commerce giant Alibaba’s payment affiliate Ant Financial has agreed to buy US$100 million shares of Brazilian card processor StoneCo Ltd in its initial public offering (IPO), according to a securities filing of StoneCo Ltd. Ant Financial is the latest high-profile backer to show interest in StoneCo’s IPO on Nasdaq that may raise up to US$1.1 billion […]

Chinese Payment Giant Ant Financial To Infuse $100M In Brazilian Fintech Firm StoneCo appeared first on China Money Network.