Ant Financial, an arm of Alibaba Group Holding, has obtained investment from a capital platform wholly owned by China Post Group, the first such cooperation between the two parties, domestic news portal zjol.com reported Sunday.
The China Post platform will acquire less than 5 percent of Ant, together exploring opportunities in rural small loan businesses, according to zjol.com, which is based in Zhejiang Province, the headquarters of Alibaba.
The investment follows funding by China's Social Security Fund, which holds a stake of 5 percent in the company.
