Ant Financial targets logistics finance with Keking bet

By investing in Chinese logistics services provider Keking, Ant Financial is complimenting Alibaba's growing logistics push further upstream.

Ant Financial targets logistics finance with Keking bet

Keking has raised Rmb1 billion $144 million via a Series C round of funding led by Ant Financial and Centurium Capital, opening a new front in Alibaba's growing push into Chinese logistics.

On its WeChat account, the cloud-based Chinese logistic services provider said on Monday that it planned to cooperate with Alibaba affiliate Ant Financial to provide logistics companies and lorry drivers with data and fintech services. 

The...

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