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Ant Digital Technologies To Pour RMB1B in GBA in Blockchain R&D
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Sun Lei, Vice President of Ant Digital Technologies, foretold that the company will pour approximately RMB1 billion in the Greater Bay Area over the next three years in the fields of blockchain, AI and IoT to conduct technology research and development, co-build ecosystems and recruit talent, in a bid to help local customers and ecosystem partners accelerate their digital transformation.

Hong Kong is not only a pivotal bridge for Ant's internationalization, but is also the first stop for most mainland enterprises to deploy digital businesses globally, Sun said. He also pointed out that the two core directions for development in Hong Kong are digital technology upgrades and data asset circulation. In the meantime, the company will cooperate with the government and local banks, as well as accelerate the productization of digital technology.

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