Alibaba's financial arm Ant Financial has completed a 4.5-billion-U.S.-dollar financing round that valued the company at 60 billion U.S. dollars.

 

阿里巴巴旗下金融机构蚂蚁金服已完成45亿美元融资，目前该公司市值已达600亿美元。

 

The investment is led by China Investment Corporation Capital and CCB Trust, a subsidiary of state-owned lender China Construction Bank.

 

Ant Financial's early backers such as China Life Insurance Group, China Post Group, China Development Bank Capital and Primavera Capital also participated in the financing round.

 

Ant Financial has said it will use the funds to expand financial services in rural China, ramp¹ up investment in financial services in other countries, strengthen tech and risk control, and green finance.

 

Ant Financial is the owner of China's largest third-party payment service Alipay.

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