Ant Group's consumer finance unit to boost its capital to $4.7b

Ant Group's consumer finance unit to boost its capital to $4.7b

Ant Group's Hangzhou Headquarters. Source: Ant Group

The consumer finance unit of China’s Ant Group will boost the company’s capital to 30 billion yuan ($4.71 billion) from 8 billion yuan, and introduce 4 new strategic investors, an exchange filing released on Friday said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter