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Ant Financial raising more funds

By Meng Jing | China Daily | Updated: 2016-01-07 08:10

Alibaba affiliate inching closer to planned public float, say analysts

Ant Financial Services Group, the Internet finance arm of Alibaba Group Holding Ltd, said it has kicked off its second round of financing ahead of a planned initial public offering.

Without revealing its target amount, Ant Financial confirmed on Wednesday that it has begun to raise capital for the second time in six months.

Ant Financial raising more funds

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