Chinese e-signature startup attracts Ant Financial backing

Alibaba throws weight behind growing industry as contracts go paperless

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China's Ant Financial, a unit of Alibaba Group Holding invests in Tiangu Information Technology. © Reuters

DENG YONGYI, 36Kr

BEIJING -- China's Tiangu Information Technology, the operator of electronic signature service "Tsign," raised 650 million yuan ($92.4 million) in the latest series C financing round from a group of investors led by the China's Ant Financial, a unit of Alibaba Group Holding.

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