Einem chinesischen Netizen schaut auf ein Logo von Ant Financial Services, eine Tochtergesellschaft der Chinesischen e-commerce Riese Alibaba Group, auf seinem Computer in Jinan City, Ea
A Chinese netizen looks at a logo of Ant Financial Services, an affiliate of Chinese e-commerce giant Alibaba Group, on his computer in Jinan city, east China's Shandong province, 26 April 2016. Alibaba's financial spin-off Ant Financial said on Tuesday (26 April 2016) that it has completed a 4.5 billion U.S. dollar financing round that valued the company at 60 billion dollars. The 4.5 billion dollar investment, which Ant Financial says is the most ever raised privately by an internet company in a single round, was led by China Investment Corporation Capital and CCB Trust, a subsidiary of state-owned lender China Construction Bank. Ant Financial's early backers such as China Life Insurance Group, China Post Group, China Development Bank Capital and Primavera Capital also participated in the latest round. The funds will be used to expand financial services in rural China, ramp up investment in financial services in mostly emerging economies, strengthen tech and risk control, and green finance, the company said. Ant Financial owns China's largest third party payment service Alipay and controls the company that manages the country's largest money market fund Yu'ebao. Its businesses also include consumer credit and the private lender MYbank.
