Ant Group

Ant Group Co., Ltd. is a leading provider of digital payment and financial services in China, primarily known for its flagship platform, Alipay. Established in 2000 and formally organized as Ant Group in 2014, the company has expanded its offerings to include Yu'e Bao, an online cash management service, and Huabei, a consumer credit platform. Additionally, it operates Xiang Hu Bao, an online mutual aid health plan, MYbank, which caters to small businesses and entrepreneurs, and Zhima Credit, a credit assessment service. Ant Group aims to facilitate digital transformation in the service industry, ensuring equal access to financial services for consumers and small enterprises. Its innovative technology solutions, including blockchain applications, are designed to foster trust and enhance online transactions, significantly contributing to the development of e-commerce in China. Headquartered in Hangzhou, Ant Group plays a crucial role in the digital finance landscape.

Tao Hu

Vice President

Past deals in Thailand

Ascend Group

Series C in 2021
Ascend Group is an information technology company based in Krung Thep, Thailand, established in 2015. The company focuses on providing digital services and infrastructure across various sectors, including fintech, e-commerce, and cloud computing. Ascend Group aims to create opportunities for customers and businesses by offering a diverse range of services such as finance, travel, digital marketing, and data management. With a commitment to leveraging advanced technology, the company strives to help clients expand their operations and enhance their market opportunities.

Bluepay

Series C in 2019
Founded in 2015, BLUE is positioned to open up new retail + new financial platforms in Southeast Asia. Currently operating more than 6,000 BLUEmart intelligent vending machines in Indonesia and Thailand, providing consumers with high-frequency, just-needed, and small-sized FMCG products such as beverages and snacks. The company is currently operating mainly in Bangkok and Jakarta, with locations such as office buildings, apartments, shopping malls, campuses, factories and other crowded areas.

Ofo

Series F in 2018
Ofo operates a station-free bike-sharing platform that addresses the "last mile" transportation issue by offering an eco-friendly solution for short-distance travel. The service is accessible through a mobile application, allowing users to easily unlock bikes by scanning QR codes or entering bike plate numbers. With over 10 million bikes connected to more than 200 million users across 250 cities in over 20 countries, Ofo facilitates over 32 million daily transactions, providing a total of over 6 billion rides. The platform's flexibility allows users to park bikes anywhere that is convenient and accessible for others. In addition to enhancing urban mobility, Ofo is committed to sustainability and has partnered with the UN Development Programme to promote green living. The company has also collaborated with the Clara Lionel Foundation to support educational initiatives for schoolgirls in Malawi by providing bikes and scholarships.

Ofo

Funding Round in 2017
Ofo operates a station-free bike-sharing platform that addresses the "last mile" transportation issue by offering an eco-friendly solution for short-distance travel. The service is accessible through a mobile application, allowing users to easily unlock bikes by scanning QR codes or entering bike plate numbers. With over 10 million bikes connected to more than 200 million users across 250 cities in over 20 countries, Ofo facilitates over 32 million daily transactions, providing a total of over 6 billion rides. The platform's flexibility allows users to park bikes anywhere that is convenient and accessible for others. In addition to enhancing urban mobility, Ofo is committed to sustainability and has partnered with the UN Development Programme to promote green living. The company has also collaborated with the Clara Lionel Foundation to support educational initiatives for schoolgirls in Malawi by providing bikes and scholarships.
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