Several existing shareholders, including Ant and Fosun, are looking to participate in the latest fundraising, said the person who declined to be identified. Bloomberg first reported MYbank’s fundraising plans on Monday. Ahead of the fundraising, MYbank is 30% owned by Ant Financial, which along with Alibaba has provided the lender with cloud-computing expertise and helped it with big data, artificial intelligence and facial recognition to facilitate lending, MYbank's president told Reuters.

https://www.reuters.com/article/us-mybank-fundraising/alibaba-backed-lender-mybank-to-raise-871-million-in-maiden-fundraising-document-idUSKCN1UP0JI