On July 24, Ant Group held its first analyst event to share its vision and future strategy. The 16-year old digital giant, which now serves more than 1.3 billion users globally, sees its future in building and operating platform business models.
In fact, during the event, the firm revealed that it will expand its open platform strategy to more countries in Asia. The investment of 9 digital wallets, over past years across Asia, paved the way for Ant Group. The acquisition of Ele.me expanded the platform’s capabilities beyond financial industry.
Ant Group is heading toward with a more generalized platform business as a super app. Check my recent post “Ant Group’s Next Move” to understand more in detail.
