Ant Financial Services Group, the financial services arm of Chinese e-commerce giant Alibaba Group Holding, has launched a RMB1 billion (US$160 million) fund to invest in the Internet finance sector, according to an announcement posted on its official Weibo account. The entity, named Ant Ecosystem Co-Win Fund, will seek to back start-ups in the Internet […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.