Ant Financial Finally Started First Investment in Philippine

Ant Financial, Alibaba’s affiliate that handles banking and payment for Alibaba’s services, finally marked its first global investment reach by extending its service to Philippine. With the new service area, customers in the Philippine finally get a chance to conduct online transactions in Alibaba through safer, more convenient method. By working together with several important corporations in Philippine, Ant Financial marked its first global reach, starting from Southeast Asia region, which has proven to be very potential and a good start in Asian market.

Ant Financial Cooperation with Several Major Companies

Alibaba and Ant Financial do not work alone to extend the global reach to Southeast Asia. The new investment reach to Philippine is the result of cooperation between Ant Financial and several major companies in similar fields. Ant Financial has worked together with Globe Telecom in order to increase its global e-commerce service reach; specifically, Ant Financial has invested in Mynt, which is a company that operates in the field of micro transaction and mobile loan service.

Together with a local Philippine cooperation named Ayala, Ant Financial has invested in Mynt’s major stocks. Both of the companies have purchased 45 percent of Mynt’s stocks, leaving Globe Telecom owning the rest 55 percent. This created strong bargain position for Ant Financial in order to improve its service for the first step of global reach. With the investment, Ant Financial also has a plan: improving Mynt’s existing GCash service. The improvement plant will make this service available for wider range of customers, including those who have limitations in their banking and transaction methods.

In the future, there are possibilities of Alibaba to improve popular shopping network Lazada, because Alibaba has earned $2 billion of valuation from the company. This means that Alibaba’s financial affiliation can reach even more customers and extend global investment reach further beyond Southeast Asia.

Ant Financial and Multiple Investments with Asian Companies

Ant Financial investment with Ayala and Mynt is not something new. Recently, Ant Financial has also acquired investment deal with companies such as M-Daq, Ascend Finance, and Paytm. M-Daq is a Singapore-based company, Ascend Finance is a Bangkok finance company, and Paytm is an India-based company that delves in mobile services. Ant Financial hold shares in Paytm, which signifies its bargain power in India’s mobile service market. These investment plans are parts of Alibaba’s goal to improve and expand its business to as many areas in the world as possible.

Currently, Ant Financial is trying to develop Alibaba’s transaction services into wider fields. The company also aims to become the next top dog in e-commerce business, especially in Asia. Currently, Asian countries have become potential areas for e-commerce business and development, with billions of people living in the continent, and many of them love conducting shopping and payment activities online.

With its multiple investment projects, and its future goal to develop more effective system, Ant Financial has become one of top players in e-commerce, especially in Asia. The new investment plans will be crucial for Ant Financial and Alibaba to expand their market, and even supporting e-commerce websites that Alibaba supports.

Accused of Bribery, Samsung Vice Chairman Got Arrested

Lee Jae-yong, Samsung’s Vice President and the next in line for the president’s chair, was arrested on 17 September 2017, facing the accusation of bribery. According to New York Times, he was arrested not long after the Seoul Central District Court released arrest warrant for him. The news quickly made round in tech community, and put spotlight on South Korea’s eternal efforts to bust tradition of collusion between government officials and conglomerate families for political or financial favors.

Immediately after the warrant was issued, Lee Jae-yong was escorted to a jail outside the city of Seoul. He is currently facing the charges of bribery and other white collar crimes, and potentially facing long sentences.

Multiple Accusations against Lee jae-yong

Lee Jae-yong was captured after the court found evidences that he paid huge amount of bribes to Choi Soon-il, a top executive staff and the confidante of President Park Geun-hye. Mr. Lee had reportedly paid $36 million to Mr. Choi in 2015, in order to secure the full corporate control after Samsung’s affiliate merger. Mr. Lee wanted to ask for political support in order to gain leverage in his position in the company, resulting in him gaining control and vice chairman position in the company. However, bribery is not the only accusation that landed on Mr. Lee.

Alongside bribery, the charge against Mr. Lee is likely to result in increased serving time. Further investigation had revealed his roles in various other white collar crimes, such as embezzlement, illegal property transfer in foreign countries, and complimentary hearing perjury. Coincidentally, shady involvement in politics is not Mr. Lee’s first brush with law. In 2016, his name was snared in a huge corruption scandal that ended in the impeachment of Park Geun-hye.

While Lee Jae-yong is the first conglomerate that has actually been arrested our of such charges, South Korean people are still waiting to see whether he would actually get what he deserve in the eyes of law.

What lee’s Capture Means for Samsung Power

As one of technology giants from Asia, Samsung has huge bargain power. In South Korea, Samsung dominates one-fourth of all capital values of all South Korean corporation. The huge market power makes Samsung corporate hold strong positions, and even have potential power to enlist support from powerful political figures. The capture of Mr. Lee has caused intense reactions from public, since he is the first conglomerate from such powerful corporation that was arrested for white collar crime. This may signify Korea’s first serious crack on what is commonly known as chaebol, or white collar crime done by members of conglomerate families.

With the huge demand of proper prosecution from public, main prosecutor Park Young-soo promises that he will ensure this case is properly handled. Meanwhile, Samsung only released short statement about willing to cooperate with the court during the trial process, but demanded that the trial is done in transparent way. However, since Mr. Lee’s leadership has been proven not as effective as his father, there is still much to see on how Samsung will perform in the market during the possibly turbulent period.

Online College Signing Up Considerations

Internet surely becomes more and more important support of technology for many people all around the world. People cannot live without the support of internet any longer because internet can be found in various aspects of life. Internet is not used randomly because many people can use the internet for certain purpose such as for supporting their education. Some people find it hard to attend the regular classroom of higher education because of money and time aspect. However, this problem can be overcome with the support of online education which can be found pretty easy recently. In fact, online education brings education to the next level since people do not have to study in the real classroom for getting knowledge and improving their skill. With this online education offer, there is no doubt that there are more people who can get the opportunity for attending top colleges.

The online education is getting bigger and bigger with many demands but we can make sure that many students cannot rely on online concept for education. People think that they will get nothing for their future careers just by enrolling online education. That is why it is important for people to make proper consideration before they sign up the online college. When people try to find the online college, they have to make sure that the school is accredited. It is important because they will find difficulty to apply for job using the online college background which is not accredited yet. Although people think that online education must be more affordable than the regular classroom, they still have to ensure about the affordability of the online college offer. They can try to make comparison with the regular college before making the decision. Besides the main payment, people also have to make sure that they are not being tricked for paying more money than needed.

People must not forget to check the reputation of the faculty as provider of education by checking internet or speaking to former as well as current students for more reliable information. People also have to know about the need for buying any software for attending the online class. Besides the software, people also have to ensure about the hardware type which is needed. Period of time which is taken for completing the program should also be considered besides the structure of source as well as the amount of enrolled students and graduated students. The material support offered by the college should also be ensured.

Online Education Benefits

There is no doubt that it must be very difficult for people to break the common understanding. This condition can also be found in the education world. People usually think that education should be taken at the class. However, there are so many conditions which make people cannot accomplish their regular education in the classroom or they cannot attend the regular classroom at all because of some limitations. With this circumstance, people are trying to solve the problem including by making innovation in education world. Nowadays, education does not have to be taken in regular classroom. People maybe are familiar with home schooling which is quite popular recently. People can also find the online education which becomes great options for people who want to take higher education with various limitations. Although some people have a great doubt about this type of education, there are several benefits which are offered by being online independent students.

The biggest reason which makes many people choose this alternative education is the freedom which is provided because there is no confine of concrete timetable. The students can be free to choose their studying time according to their spare time. They do not have to study during the daytime hours and they even can study during nighttime hours as well as holidays and weekends. Without attending colleges, online students can also work simultaneously and sometimes they can also manage the curriculum independently. Another benefit which is provided by the online education is the tax benefits because online students can be eligible for educational tax credits. They can learn about this thing further on the official website of IRS. Besides tax benefits, people will also find that the online education will provide them with lower cost compared to the regular college program. The calculation does not only include the main payment of the college but also other things including materials, transportation, and even living cost.

Sometimes people have to work while studying and it will be very difficult thing to do when they attend the regular college classroom. It is hard for them to keep the balance between the study and work. However, they can keep the balance of study work life easier by choosing the online college program. There is no doubt about this because people can manage their financial and time aspect better. People also do not have to take notes during the lectures because the lecture will be found in virtual as well as permanent files.