China: Ping An-backed P2P lender Lufax raises $1.3b at lower valuation

China: Ping An-backed P2P lender Lufax raises $1.3b at lower valuation

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below expectations of the financial technology company, people with direct knowledge of the matter told Reuters.

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