Alibaba's financial services affiliate has raised funding from backers including China Post and China Life as the country's tech companies continue to close 10-figure rounds.

Ant Financial, which acts as China-based e-commerce group Alibaba’s financial services affiliate, has closed $4.5bn in a round that stands as the largest officially disclosed by a private technology company, the Wall Street Journal reported today. The series B round, which valued Ant Financial at about $60bn, included postal service China Post Group and insurance…

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