On September 26th, Ant Financial Services Group (Ant Financial Services) announced that it had reached a strategic cooperation agreement with Changjiang Hutchison Industrial Co., Ltd. (Changjiang Hutchison). According to the agreement, Changjiang Hutchison will be a strategic partner of Ant Financial to operate the Hong Kong version of the electronic wallet "Alipay HK". The two sides will integrate superior resources and devote themselves to developing online and offline mobile payment services in Hong Kong, bringing consumers a full range of shopping and payment experiences.
According to public information, Li Ka-shing founded the Yangtze River Hutchison Whampoa business all over the world, and its core business covers ports, retail, infrastructure, energy, telecommunications and other fields. Changjiang Hutchison Whampoa operates more than 600 stores in Hong Kong, providing telecommunications services to consumers and selling food, electronic products, wine and health and beauty products.