Ant Financial launches $160m internet finance fund
Ant Financial Service Group, Alibaba Group’s online financials services affiliate, has launched a RMB1 billion ($160 million) fund to invest in internet and finance companies.
The vehicle, known as Ant Ecosystem Co-win Fund, will support Chinese start-ups including those operating in theh online-to-offline (O2O) space. The initial fund size is RMB200 million, the company said...
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