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China peer-to-peer lender Lufax's fundraising values it at US$18b

It raises almost US$1 billion by selling a stake of about 5 per cent to a group of Chinese and overseas investors


LUFAX, a Chinese peer-to-peer lender and broker, is close to completing a round of fundraising valuing the company at about US$18 billion, securing its position as the world's most valuable financial technology startup, people with knowledge of the matter said.

The company