Shanghai CBN, Ant Financial To Invest In Hundsun For Financial Data Play

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Hangzhou-based Chinese financial software company Hundsun Technologies Inc. says it has signed an agreement with three strategic investors to inject RMB390 million (US$63.5 million) into one of its subsidiaries, with the hope to develop it into a leading financial data services firm in China, according to a securities filing.

The three investors include financial media firm Shanghai China Business Network Co. Ltd., Ant Financial Services Group, the financial services arm of Alibaba Group Holding Ltd., and an investment firm controlled by Hundsun, Ningbo Yunhan Investment Management LLC.

China Money Network

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