Ant Group to acquire a 50.55% stake in Bright Smart for $362m.

Ant Group, an online-payment operator, agreed to acquire a 50.55% stake in Bright Smart, a retail stock brokerage, for $362m. “Firmly believes in the long-term development of China’s economy and Hong Kong’s economy, and firmly believes in generating great market opportunities via the combination of technology and wealth management. With the offerer group’s product and technology innovation capabilities, the group is expected to expand its service offering to a wider age group of customers, and enhance experience for existing customers, driving further business growth,” Ant Group.