WeBank, Tencent Holdings Ltd.'s online banking affiliate, is set to raise over US$450 million in a new financing round led by Warburg Pincus, according to the Wall Street Journal citing people familiar with the matter. Singapore’s state-owned investment firm Temasek Holdings Pte. Ltd. also participated in the round, which values Shenzhen-based WeBank at around US$5.5 […]

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