The instalment buying company has now raised $400m in only eight months, adding Ant Financial to an investor base that already includes mobile game publisher Kunlun.
Ant Financial, the payment services affiliate of e-commerce group Alibaba, has led a $200m round for China-based instalment shopping platform Qufenqi.com, China Money Network reported today, citing a posting on Qufenqi’s Weibo account.
The series E round also included venture capital firms BlueRun Ventures and Source Code Capital. China Money Network originally reported the round’s close on Monday but the amount raised had not been disclosed at that time.
Overseen by parent company Kuaile Shidai, Qufenqi is an e-commerce…
