Alibaba’s fintech affiliate Ant Financial has made a strategic investment in Xingbianli, a checkout-free convenience store operator that focuses on placing snack bars in offices. The size of the investment in  Sequoia-backed Xingbianli was not disclosed. Existing investor Lightspeed Venture Partners also participated in the round, according to Xingbianli’s announcement on its official WeChat account. Xingbianli said Ant Financial will provide technological support, including biometric identification technology and its credit score system. The proceeds of this round will be used …

Ant Financial Makes Strategic Investment In Chinese Checkout-Free Store Xingbianli appeared first on China Money Network.