Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
WeBank, Tencent Holdings Ltd.'s online banking affiliate, is set to raise over US$450 million in a new financing round led by Warburg Pincus, according to the Wall Street Journal citing people familiar with the matter. Singapore’s state-owned investment firm Temasek Holdings Pte. Ltd. also participated in the round, which values Shenzhen-based WeBank at around US$5.5 […]