Ping An-backed P2P lender Lufax hits $39.4b valuation after Series C

Ping An-backed P2P lender Lufax hits $39.4b valuation after Series C

Chinese Yuan notes. Photo: Reuters

Ping An-backed Chinese online lending and wealth management platform Lufax has reached an estimated post-money valuation of $39.4 billion after completing its Series C funding that raised $1.3 billion in December, according to Ping An’s annual report released Tuesday.

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