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China's fintech leader worth 50% more than Goldman with $150-bn Valuation

China's biggest fintech company's valuation joins elite club of lenders and insurers

ant financial, alibaba
The logo of Ant Financial Services Group, Alibaba's financial affiliate, is pictured at its headquarters in Hangzhou, Zhejiang province, China

Ant Financial’s latest round of funding, reported to involve Singapore’s Temasek Holdings Pte, is said to value the Chinese provider of mobile payments at about $150 billion - 50 percent more than Goldman Sachs Group Inc.’s market capitalization. Ant the Giant That would not only make Zhejiang Ant Small & Micro Financial Services Group the world’s most-valuable startup, it would jump the payments business founded by Alibaba Group Holding Ltd. Chairman Jack Ma into the top 15 among banks, insurers and credit providers by market value. Ant ...