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Tencent-Backed WeBank Raising Funds at $5.5 Billion Valuation

Tencent-Backed WeBank Raising Funds at $5.5 Billion Valuation
Tencent’s online-banking affiliate WeBank is close to raising fresh funds from investors including U.S. private-equity firm Warburg Pincus in a deal that values it at roughly $5.5 billion.
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