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    News in brief

    Ant Financial valued at US$45bn

    News in brief

    Chinese e-commerce giant Ant Financial has completed a Series A financing round that values the company at more than US$45bn and makes the Chinese government a stakeholder, New York Times reports. The parent company of mobile payments firm Alipay saw its number of annual active users surpass 400m this year, of which 80% are active mobile users.

    Filed by Email Rian Boden Published • Last updated 3 July 2015, 14:04

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