Feb 11, 2015
Zhejiang Ant Small and Micro Financial Services Group ("Ant Financial"), the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), and Shanghai-based fund management firm Tebon Fund Management have reportedly already signed a framework where Ant Financial will make a capital investment in Tebon to hold a 30% share, according to a source that is close with both companies.
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