Chinese payment mogul Ant Financial has joined hands with Hong Kong’s CK Hutchinson to create a joint venture to operate its payment app, AlipayHK, in Hong Kong.

Terms of the 50-50 joint venture were not disclosed on Tuesday. But, the partnership essentially allows Ant Financial to offer its AlipayHK services to CK Hutchinson’s network, which includes over 600 stores ranging from retail to telecommunications to infrastructure businesses across multiple countries around the world.

The partnership, which will operate under the AlipayHK brand, will expand both companies’ markets and customer base.

Ant Financial launched AlipayHK earlier this year in May.

Read more at Reuters, South China Morning Post and TechCrunch.