NSSF joins funding round for Alibaba’s Ant Financial
The National Council for Social Security Fund (NSSF) has participated in a funding round for Alibaba Group’s internet finance affiliate – Ant Financial Services – that is said to value the business at more than $40 billion.
Ant Financial confirmed the NSSF's involvement in a statement posted on its Weibo microblog. According to Reuters, the pension fund will hold a 5% stake in the business. It identifies the other investors...
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