In June, Chinese VC market hit a new record, driving by a monster US$14 billion series C round completed by Ant Financial, Alibaba’s financial services platform. A total of 292 VC deals were announced worth an aggregate of US$20.14 billion, compared to 284 deals valued at a total of US$6.38 billion in May, according to China Money Network’s China VC Tracker released today. China VC Tracker is produced based on proprietary data collected by China Money Network. In terms of …

China VC Tracker: Ant Financial’s Monster Series C Drives Up June China VC Deals To $20B appeared first on China Money Network.


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