KUALA LUMPUR: Dixon Zhang, founder of fintech company Lianlian and an early investor in one of Jack Ma's startups, is considering investing in Malaysia's fintech industry.

In his X post Economy Minister Rafizi Ramli said he invited Zhang to visit Malaysia for Lianlian to consider opening and investing in Malaysia's fintech industry.

The invitation was issued during a meet he had with Zhang in Hangzhou.

" I hope many will take the opportunity to meet and hear about Zhang's journey to becoming a billionaire when he visits," he said.

Rafizi said in his post Zhang was an early investor in Jack Ma, investing in his first startup which did not go well.

"At the same time, Dixon also quit his job at an MNC and founded his own startup named Lianlian. Despite Dixon's investment in Jack Ma's first company not yielding good results, Jack Ma reciprocated Dixon's trust after Alibaba became successful by investing in Dixon's startup.Now, Alibaba is the world's largest e-commerce company. Lianlian, on the other hand, is one of the largest fintech companies in the world. It handles 9.1 per cent of the world's financial transactions with expertise in cross-border transactions," Rafizi said in his latest post on X. 

"Both of us are engineering graduates who have built careers in finance, making it easier to relate and connect," added the minister.

https://www.nst.com.my/business/corporate/2024/07/1080956/jack-mas-business-partner-considering-investment-malaysia-rafizi