Ant Financial Service Group has recently raised $14 billion in what is believed to be the world’s largest-ever single fundraising. The company has gained attention from global media and capital markets. But the as the company offers a plethora of financial and mobile payment tools, one may ask, is it a financial company or a technology company?

At TechCrunch Hangzhou 2018, Hu Xi, Deputy CTO of Ant Financial and Partner of Alibaba group, spoke about Ant Financial and the company future plans for globalization.

Hu says that Ant Financial Service Group currently has about 63% of the technical personnel, which includes those in research and development, AI, algorithms, data, and key decision makers. Nearly 25% of the technical staff focuses on building fundamental infrastructure.

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