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Startups

Chinese trade services startup XTransfer reaches unicorn status

Company founded by Ant Group veterans raises $138m to expand reach

XTransfer is on track to more than double its staffing this year. 

HAIKOU, China -- XTransfer, a trade services startup founded by veterans of Ant Group, has raised $138 million in a fundraising round that valued the four-year old company at over $1 billion.

U.S. investment group D1 Capital Partners, best known for backing online brokerage Robinhood, led the Series D round, alongside existing shareholders.

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