The cadres running one of China's top banks are seeking a bigger exit, as they just landed a huge investment.
Postal Savings Bank of China sold shares to ten strategic investors, with a total financing scale of CNY45.1 billion. The ten investors include six international financial organizations: UBS, JPMorgan, DBS, Canada Pension Plan Investment Board, Temasek and International Finance Corporation; two large state-owned enterprises: China Life and China Telecom; and two Internet enterprises: Ant Financial and Tencent.
Prior to this, Ant Financial already cooperated with Postal Savings Bank of China in various sectors, including quick payment, user service, small and micro enterprise loan, big data analysis, and financial cloud computing.
In September 2015, Ant Financial announced a new project which aims to help over 1,000 financial or...
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