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11 April 2018

Ant Financial anticipates $150bn valuation in latest round

Alibaba's financial services affiliate has reportedly already raised $3bn from investors including Temasek and is targeting an $8bn to $9bn close.

Author: Robert Lavine, News Editor

Ant Financial, the financial services affiliate of China-based e-commerce group Alibaba, is looking to raise between $8bn and $9bn at a valuation of about $150bn, according to reports yesterday.