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22 May 2018

Ant Financial to access $10bn

The Alibaba affiliate is raising funding from a range of institutional investors at a $150bn+ valuation, the largest ever by a private VC-backed company.

Author: Robert Lavine, News Editor

Ant Financial, the financial services affiliate of China-based e-commerce group Alibaba, is raising $10bn at a valuation of more than $150bn, the Financial Times reported yesterday, citing people involved in the transaction.