Hong Kong-based online mobile lending start-up WeLab, backed by investors including Credit Suisse Group AG, local tycoon Li Ka-Shing and Alibaba Hong Kong Entrepreneurs Fund, is planning an initial public offering on the Hong Kong Stock Exchange. The firm aims to raise as much as US$500 million via the listing, according to media reports citing insiders. WeLab did not respond immediately to an inquiry from China Money Network to confirm the information. Founded in 2013, WeLab operates across the Greater …

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