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The valuation of Ant Financial has spiked above $100 billion, following the successful fund raising process. Ant Financial has emerged as one of the main fintech players in China and has a customer base of over 500 million. Alipay, a popular financial service network of Ant Financial, is collaborating with several companies to expand its operations in countries such as India, South Korea, Thailand, Philippines, Hong Kong, Indonesia, Pakistan, Bangladesh, and Malaysia.

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sector’s growth had been driven by a boom in Chinese tourism, spurred by the reparation of diplomatic relations between the two countries following tensions over disputed territories in the South China Sea.

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Earlier this year, Ladbrokes came under fire by the Australian Communication Agency (ACMA), which was suspicious about the company’s in-play betting service. ACMA claimed that Ladbrokes was in violation of the Gambling Act 2001, as players were allowed to place online wagers on sporting events while the events were in progress. The company seemed to have found a loophole, as in-play betting is permitted over the phone. So, as long as punters had their computer microphones turned on, they were permitted to place the wagers. While the investigation was under way, the service was blocked – but, now it is back.

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