Bottom line: Ant Financial's purchase of 20 percent of Hong Kong restaurant ratings site OpenRice looks like a smart, incremental move to boost its presence in its first major foray to build a local customer base outside China.
We'll close out the week with a lighter story, with word that Alibaba's (NYSE: BABA) Ant Financial affiliate has taken a nibble at Hong Kong with an investment in the territory's most popular restaurant rating...