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Jack Ma's Yunfeng Capital Leads RMB 1.2 Bln Series A Investment in Ali Sports Group
iYiou, 4/03/18
Shanghai-based Alibaba Sports, a subsidiary of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), recently announced completion of over RMB 1.2 bln in Series A funding at a post-money valuation of RMB 8 bln. Read More
Rumor: JD.com to Spin Out Financial Services Affiliate 'JD Finance'
Yicai, 2/26/17
Chinese B2C e-commerce platform JD.com's (Nasdaq: JD) online financing and retail investment platform JD Finance will be spun off from JD.com in a privatization transaction valuing it at RMB 50 bln, reports Chinese online media outlet Yicai citing multiple sources familiar with the matter. Read More
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