Alibaba Entrepreneurs Fund reinvested in e-commerce lender Qupital through a round which will support geographical expansion.

Qupital, a China-headquartered provider of cross-border e-commerce financing, has received $150m in a series B round that included e-commerce firm Alibaba’s Entrepreneurs Fund, DealStreetAsia reported today.

The round consisted of equity funding and a receivables-backed securitisation facility, according to a statement cited by DealStreetAsia, and it was led by the $14.8bn Greater Bay Area (GBA) Homeland Development Fund.

The Hong Kong government’s Innovation and Technology Venture Fund, MindWorks Ventures, Nordstar and Silverhorn Group filled out the equity portion of the…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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