AAA November 2017 – Page 17

WeLab welcomes Alibaba in $220m round

China-based online lending marketplace WeLab raised $220m in debt and equity financing today in a series B+ round that included e-commerce firm Alibaba’s Hong Kong Entrepreneurs Fund. Financial services firms Credit Suisse and China Construction Bank (CCB) also participated in the round, along with International Finance Corporation, the private investment arm of the World Bank.… Continue reading WeLab welcomes Alibaba in $220m round