Ant Financial, the financial services affiliate of Alibaba Group Holding Ltd., has acquired EyeVerify Inc. to expand services using the U.S. startup’s biometric authentication technology for securing consumers’ online data and transactions. Ant Financial is reportedly paying US$70 million for the Kansas City, Missouri-based company, which uses pictures of the human eyeball as a way […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.