China's Ant Financial closes $14b Series C round
Ant Financial, Alibaba Group’s financial services affiliate, has raised $14 billion in Series C funding from investors including GIC Private, Warburg Pincus, The Carlyle Group, Silver Lake, and Canada Pension Plan Investment Board (CPPIB).
The investment – which reportedly values the company at approximately $150 billion – comprises renminbi and US dollar-denominated tranches. Khazanah Nasional, Temasek Holdings, General Atlantic, T....
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