An affiliate of Ant Financial has taken a 30% stake in the campus information platform operator, a spinout of Newcapec Electronics, following a $36.5m investment.

China-based campus information service Perfect Digital Technology has collected a RMB250m ($36.5m) investment from an affiliate of financial services provider Ant Financial, China Money Network reported yesterday, citing a regulatory filing. The funding was provided by investment manager and Ant Financial affiliate Shanghai Yunxin Asset Mangement, which acquired a 30% stake in the business through the…

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