Hong Kong Fintech Company WeLab Raises $156 Million
12 Dezembro 2019 - 5:26AM
Dow Jones News
By Yifan Wang
Financial-technology group WeLab has raised $156 million in its
latest financing round, the company said Thursday.
Investors in the latest round include Alibaba Hong Kong
Entrepreneurs Fund and CCB International, the Hong Kong-based
company said.
The funds will be used to broaden WeLab's platform and product
offerings, it said.
The company, which counts Sequoia Capital and Malaysian
sovereign wealth fund Khazanah Nasional Berhad as investors,
operates in Hong Kong, China and Indonesia.
Write to Yifan Wang at yifan.wang@wsj.com
(END) Dow Jones Newswires
December 12, 2019 03:11 ET (08:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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