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8 November 2017

WeLab welcomes Alibaba in $220m round

Alibaba’s Hong Kong Entrepreneurs Fund has backed the peer-to-peer lending platform's series B+ round, which also included Credit Suisse and CCB.

Author: Robert Lavine, News Editor

China-based online lending marketplace WeLab raised $220m in debt and equity financing today in a series B+ round that included e-commerce firm Alibaba’s Hong Kong Entrepreneurs Fund.