Ant Financial leads $200m round for China’s Qufenqi
Ant Financial Service Group, Alibaba Group's online financial services affiliate, has led a $200 million round of funding for Qufenqi, a Chinese electronics retailer that allows buyers to pay in installments.
Existing investors Beijing Kunlun Tech, Source Code Capital and BlueRun Ventures also participated. The round claims to be the largest for any Chinese internet finance start-up, according to a statement...
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