China Wealth Fund Backs Alibaba Finance Affiliate

Posted on 04/26/2016


Zhejiang Ant Small & Micro Financial Services Group Co. (Ant Financial), a entity controlled by Alibaba founder Jack Ma, raised a massive US$ 4.5 billion in Series B capital to fund a bid for global expansion. Investors in the round include China Investment Corporation (CIC), through CIC Capital, and a investment unit of China Construction […]