Canada Pension Plan Investment Board said on Friday it will invest US$600 million in a unit of Jack Ma's Ant Financial Services Group, operator of China's biggest online payment platform.

CPPIB's investment is part of Ant's US$14 billion fundraising announced on Friday.

Ant Financial, spun off from Alibaba Group Holding Ltd (BABA.N) before the e-commerce firm's 2014 listing, has played a major role in shaping China's financial technology landscape.