Alibaba’s financial affiliate Ant Small and Micro Financial Services Group Co., Ltd. announced today that it has entered into definitive agreements with investors for its Series C equity financing totaling approximately US$14 billion. This financing round includes an RMB tranche raised by Ant Financial from domestic investors and a USD tranche raised by Ant International Co., Limited, a wholly owned offshore subsidiary of the Ant Financial, from international investors. Participants in the RMB tranche are mainly existing shareholders of the …

Ant Financial Raises $14B In Series C Equity Financing appeared first on China Money Network.