June 8, 2018 / 5:16 PM / 6 months ago

CPPIB to invest $600 mln in Ant Financial's unit

June 8 (Reuters) - Canada Pension Plan Investment Board said on Friday it will invest $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 $14 billion fundraising announced on Friday.

Ant Financial, spun off from Alibaba Group Holding Ltd before the e-commerce firm'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)

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