Chinese Internet giant Tencent Holdings Ltd.’s online banking affiliate WeBank is close to raising fresh funds from investors including U.S. private-equity firm Warburg Pincus in a deal that values the year-old venture at more than $5 billion, people familiar with the matter said. WeBank, which is 30% owned by Tencent, is raising more than $450 million in the round led by Warburg Pincus as well as Singapore’s state-owned investment firm Temasek Holdings Pte. Ltd., the people said.

http://www.wsj.com/articles/chinas-tencent-backed-webank-raising-funds-at-5-5-billion-valuation-1453892057