Jack Ma’s Ant Financial to Raise $9 Billion, Become World’s Biggest Unicorn

Mony
21
0

Chinese billionaire Jack Ma’s financial-technology business is about to vault into the ranks of the world’s most valuable companies.

Ant Financial Services Group, carved out of his e-commerce giant Alibaba Group Holding Ltd. seven years ago, is preparing to raise $9 billion in a private funding round, according to people familiar with the matter. That ups a previous fundraising target of $5 billion.

Ant,…

Facebook Comments

Comments are closed.