Ant’s Consumer Finance Unit Raises ~USD3.5b from Ant Group, China Cinda, Others

Source(s): Caixin Global

Chongqing Ant Consumer Finance, Ant Group’s consumer finance unit, raised CNY22b (~USD3.5b) from a group of investors led by Ant Group and including China Cinda Asset Management, Sunny Optics, Boguan Technology, Yufu Capital and Jiangsu Yuyue Medical Equipment & Supply. As part of the round, China Cinda invested CNY6b (~USD942m) for a 20% stake. Read more