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KM Financial Solutions | Alibaba-backed lender MYbank to raise $871 mln in maiden fundraising -document
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Alibaba-backed lender MYbank to raise $871 mln in maiden fundraising -document

29 Jul Alibaba-backed lender MYbank to raise $871 mln in maiden fundraising -document

Posted at 06:54h in News by
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China’s MYbank, an offshoot
of Alibaba Group Holding Ltd, seeks to raise about 6
billion yuan ($871 million) in its maiden fundraising, valuing
the online lender at 24 billion yuan, according to a source and
a fundraising document seen by Reuters.

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