You are here

GIC, Temasek join Ant Financial's US$14b Series C funding round

The funds will be used to speed up Alipay's globalisation plans and invest in developing technology

BT_20180609_JLANT9_3466013.jpg
The financing includes a yuan-denominated tranche raised by Ant Financial and a US-dollar tranche raised by Ant International, a wholly-owned offshore subsidiary of the company.

Singapore

SINGAPORE'S sovereign wealth investors Temasek Holdings and GIC are part of a group of investors pumping in about US$14 billion in Ant Financial, the Chinese company said on Friday.

The Series C equity financing includes a yuan-denominated tranche raised by Ant Financial...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes