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…
