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​Mofcom publicizes Alipay, Ascend Group deal for simple case review

( June 15, 2016, 09:19 GMT | Official Statement) -- MLex Summary: China’s Ministry of Commerce today publicized the proposed acquisition of stakes in Ascend Nano and True Money by Alipay (Hong Kong) for a simple case review. Alipay is the third-party payment services unit owned by Chinese e-commerce company Alibaba. Both Ascend Nano and True Money belong to Ascend Group, an e-commerce platform and services provider in Thailand. The period for public comment runs from today through June 24.The statement follows and the notification form is attached....

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