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Alibaba-backed Chinese fintech firm WeLab closes USD 156 million Series C round

The fresh cash will be used to expand the company’s virtual banking service and financial technologies.

1 min read
  • Head-on competition from a deep-pocketed rival could be a headache for the still loss-making startup.

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    Alibaba’s Juhuasuan doles out massive subsidy to take on Pinduoduo

    2 mins read

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