Chinese fintech raises $2.4 bn ahead of US listing

Beijing (AFP) Oct 30, 2020

Financial technology firm Lufax has raised $2.4 billion ahead of its Wall Street debut Friday, a report said, marking one of the best US initial public offerings by a Chinese company this year, despite flaring tensions between Beijing and Washington. The listing comes less than a week before Chinese fintech titan Ant Group is expected to begin trading in Hong Kong and Shanghai following a wo