Ant Financial Services Group, the financial services arm of Chinese e-commerce giant Alibaba Group Holdings, has agreed to receive an undisclosed investment from China Post Capital, the investment unit of state-owned postal service China Post Group Corp., via a private placement deal, according to media reports. Representatives at Alibaba did not immediately respond to inquires […]

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.