SHANGHAI (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform by market share, said on Friday it had raised around $14 billion from investors including Singapore’s sovereign fund and U.S. private…
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Ant Financial Raises $14 Billion as Latest Funding Round Closes
China’s Ant Financial, the payments giant controlled by Jack Ma, raised about $14 billion in its latest funding round as it accelerates the expansion of Alipay globally and develops new technology. The funding makes Ant…
China’s Ant Financial raises $14 billion to bolster global push
SHANGHAI/BEIJING (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform, said on Friday it had raised around $14 billion from investors including Singapore’s sovereign fund and U.S. private equity firm Warburg…
China’s Ant Financial raises $14 billion in new funds
China’s Ant Financial announced Friday that it raised around $14 billion in fresh funds from investors. The company, which was spun off from Alibaba , is a major player in China’s massive financial technology landscape.…
A Guide to China’s $10 Trillion Shadow-Banking Maze
Shadow banking in China has ballooned into a $10 trillion ecosystem which connects thousands of financial institutions with companies, local governments and hundreds of millions of households. The practice is now at the center of…
China will see the biggest boost in World Cup ad dollars – even though it didn’t qualify
Businesses in China are set to spend an additional $835 million on advertising ahead of the World Cup, which starts in a week’s time. The twist is that the Chinese didn’t qualify for the soccer…
Huzhou to spend 1b yuan per year to develop green finance
Huzhou is exploring new financing mechanisms to speed up the development of green finance. [Photo/VCG] Huzhou in Southeast China is exploring new financing mechanisms to speed up the development of green finance, with a 1…
China’s central bank drains 70 bln yuan from market
BEIJING, June 7 (Xinhua) — China’s central bank drained 70 billion yuan (about 11 billion U.S. dollars) from the financial system through open market operations Thursday, with the volume of maturing securities exceeding new injections.…
Word Bank approves 600 mln USD in loans for China’s water resource management
BEIJING, June 7 (Xinhua) — The World Bank said Thursday it has approved three loans worth 600 million U.S. dollars to China to improve water resource management. The loans, approved Wednesday, will be used to…
China’s central bank drains 70b yuan from market
A clerk counts cash at a bank outlet in Hai’an county, East China’s Jiangsu province. [Photo/China Daily] BEIJING- China’s central bank drained 70 billion yuan ($11 billion) from the financial system through open market operations…
World Bank hails ‘solid’ China outlook
The World Bank on Tuesday raised its forecast for China’s year-on-year GDP growth this year to 6.5 percent from its earlier prediction of 6.4 percent, citing the country’s “solid” economic growth so far this year.…
China’s regional banks poised for $14bn IPO fundraising
But analysts see tepid demand for the new shares. Investors typically view bank shares as a bet on the macroeconomy, and that of China is showing signs of a slowdown. After a strong start to…
Air Canada and Air China sign long-awaited joint venture deal
After years of discussions, Air Canada has finalized a long-anticipated joint venture agreement with Air China, a move that will increase flight cooperation between the two airlines. The joint venture, which was announced and signed…
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