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Alibaba's Finance Affiliate Raises USD 4.5 Bln Series B
Mydriver, 4/26/16
Zhejiang Ant Small & Micro Financial Services Group (Ant Financial), the financial services company affiliated with Alibaba Group (NYSE: BABA), has publicly announced its completion of USD 4.5 bln Series B funding with investment from China Investment Corporation, China Construction Bank Trust, China Life Insurance, China Post Group, CDB Capital, Primavera Capital Group and others. Read More
Rumor: People's Daily Online to IPO
Netease Finance, 1/05/10
According to a report in the China Daily, an anonymous source revealed that People's Daily subsidiary People's Daily Online is planning to raise RMB 800 mln through an initial public offering on the Shanghai Stock Exchange. Read More
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