蚂蚁金服12亿增资国泰产险

 　　HANGZHOU, Sept. 14 (Xinhua) -- Ant Financial, Alibaba's financial service affiliate¹, is set to buy a 1.2 billion yuan (about 188 million U.S. dollars) controlling stake in Cathay Insurance, the company said on Monday.

　　The agreement, which will see Zhejiang Ant Small & Micro Financial Services Group Co. holding 60 percent in the mainland unit of Taipei-based Cathay Financial Holdings Co., is waiting to be approved by the government. It is expected to be finished within the year.

　　Ant Financial to invest in Cathay Insurance

　　The deal will allow Ant Financial to expand its range of products.

　　Cathay Financial is one of Taiwan's largest financial holdings groups, covering insurance, securities, banking² and other diversified³ financial institutions.

　　Ant Financial runs China's most popular online payment platform, Alipay.

1 affiliate   

vt.使隶(附)属于；n.附属机构，分公司

参考例句：

• Our New York company has an affiliate in Los Angeles.我们的纽约公司在洛杉矶有一个下属企业。
• What is the difference between affiliate and regular membership?固定会员和附属会员之间的区别是什么？

2 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

3 diversified   

adj.多样化的，多种经营的v.使多样化，多样化( diversify的过去式和过去分词 )；进入新的商业领域

参考例句：

• The college biology department has diversified by adding new courses in biotechnology. 该学院生物系通过增加生物技术方面的新课程而变得多样化。 来自《简明英汉词典》
• Take grain as the key link, develop a diversified economy and ensure an all-round development. 以粮为纲，多种经营，全面发展。 来自《现代汉英综合大词典》