Ant Financial Wants to Be World Player, CEO Jing Xiandong Says

(Beijing) – A recently completed round of fundraising secured 12 billion yuan for Ant Financial Services Group, an online financial services provider linked to e-commerce giant Alibaba Group Holding Ltd.

Powerful investors including China's national pension fund and state-backed insurance companies took part in the fundraising and valued the company at more than US$ 40 billion.