Caixin
Dec 25, 2021 04:10 AM
BUSINESS

China Cinda Buys 20% Stake in Ant’s Consumer Finance Unit

What’s new: Ant Group’s consumer finance unit will receive 22 billion yuan ($3.5 billion) fresh funding from a group of investors including one of China’s state-owned asset managers.

China Cinda Asset Management Co. will join a group of investors led by Ant Group in the new funding round of Chongqing Ant Consumer Finance Co. Ltd. Other investors include Sunny Optics, Boguan Technology, Yufu Capital and Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., according to company filings.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription