The Alibaba-affiliated online payment company has lined up China's National Social Security Fund, Postal Savings Bank of China and China Development Bank as backers.
Ant Financial Services Group, the payment services provider affiliated with-commerce company Alibaba, is set to close a funding round valuing it at $30bn, Chinese economics news source Caixin reported today.
The investors are reported to be China’s National Social Security Fund, which will take a 5% stake, Postal Savings Bank of China and China Development Bank, each of which will acquire a 3% stake, and undisclosed private equity firms.
Ant Financial operates a range of online payment services launched by…
