Alibaba-Backed Lender MYbank to Raise $871 Million in Maiden Fundraising-Document
China’s MYbank, an offshoot of Alibaba Group Holding Ltd, seeks to raise about 6 billion yuan (£716.5 million) in its maiden fundraising, valuing the online lender at 24 billion yuan, according to a source and a fundraising document seen by Reuter…
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