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China's Ant ups fundraising target, valuation could hit $150 billion - sources

Reuters  |  HONG KONG/SINGAPORE 

By Julie Zhu and Anshuman DagaHONG KONG/SINGAPORE (Reuters) - China's Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion, which could see its valuation jumping to about $150 billion, people with knowledge of the plan said.Singapore state investor Temasek Holdings is likely to be the lead investor in the latest round of equity raising by the company, controlled by Alibaba Group Holding Ltd founder Jack Ma, three people said.Reuters reported in February that Ant, owner of China's top online payment platform Alipay, was planning to ...

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First Published: Wed, April 11 2018. 08:59 IST
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