Ant Financial raises $10bn at a $150bn valuation

China’s Ant Financial raises $10 billion at $150 billion valuation: sources — Reuters — “Ant Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding round having raised US$10bn from a clutch of global and local investors, five people with direct knowledge of the matter told Reuters. Ant’s first fundraising targeting global money values the firm at US$150bn, the people said, compared with about US$60bn after its previous fundraising in April 2016.”

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