Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, announced on Wednesday a strategic partnership with Indonesia’s second largest media firm Elang Mahkota Teknologi (Emtek), in its latest efforts to expand its presence in overseas mobile payment market, local media is reporting (in Chinese).

Under the agreement, the two parties will set up a joint venture company to develop mobile payment solutions and provide digital financial service for the users in Indonesia.

Emtek is a leading media and Internet company in Indonesia, with its operation ranging from national TV stations to film and TV production and C2C e-commerce platforms.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.