CPPIB to invest $600 mln in Ant Financial’s unit: Reuters

Canada Pension Plan Investment Board said on Friday it will invest US$600 million in a unit of Jack Ma’s Ant Financial Services Group, operator of China’s biggest online payment platform.

CPPIB’s investment is part of Ant’s US$14 billion fundraising announced on Friday.

Ant Financial, spun off from Alibaba Group Holding Ltd before the e-commerce company’s 2014 listing, has played a major role in shaping China’s financial technology landscape.

(Reporting by Parikshit Mishra in Bengaluru; Editing by Shailesh Kuber)