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29 May 2018

Ant Financial seals $10bn

Alibaba's financial services affiliate is now the most valuable VC-backed startup of all time, having reportedly closed funding in a GIC-led round.

Author: Robert Lavine, News Editor

Ant Financial, the China-based financial services affiliate of e-commerce group Alibaba, has agreed a $10bn funding round that values it at $150bn, Forbes reported yesterday, citing a source familiar with the discussions.