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Stock impact report

XTransfer closes a $10 million series A round of financing led by China Merchants Group with participation from 01VC, Yunqi Partners and Gaorong Capital

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) 
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
Company Research Source: PR Newswire
SHANGHAI, Oct. 23, 2018 /PRNewswire/ -- XTransfer, a cross-border financial technology company dedicated to serving foreign trade B2B enterprises today announces it has secured a $10 million series A round of financing led by China Merchants Group with participation from 01VC, Yunqi Partners and Gaorong Capital. It is reported that the financing will be used for expansion by XTransfer of its international financial network, application for financial license and market promotion.Founded in May 2017 and headquartered in Shanghai, XTransfer has offices in Hong Kong, U.K., Canada, Japan and the U.S. The company provides offshore financing solutions for China's small and medium importers and exporters through its global capital network, offering services such as global collection, payments, foreign exchange and wealth management.China is currently the world's largest exporting nation, and the second largest importing nation. According to XTransfer founder Bill Deng, the Chinese government Show less Read more
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