China’s Online Lender Lufax Attracts Potential Investment From Qatar Fund

China’s online lender Shanghai Lujiazui International Financial Asset Exchange Co. (Lufax) has attracted a potential investment from sovereign wealth fund Qatar Investment Authority (QIA). QIA has been negotiating the probable purchase of a minority stake in Lufax with an estimated price range of about US$500 million to US$1 billion, said Bloomberg citing the source. QIA, Ping An and Lufax did not immediately respond to China Money Network seeking for comments. Founded in September 2011, Shanghai-based Lufax is an associate of China’s …

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