Ant Financial is seeking to raise at least $10 billion in a funding round, according to reports by Bloomberg, citing people familiar with the matter. Photo: BloombergBangkok: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 Financial is seeking to raise at least $10 billion in a funding round, according to reports by Bloomberg, citing people familiar with the matter. At a $150 billion valuation, the operator of Alipay and a money-market fund would rank 14th among financial-service firms. To contact the editors responsible for this story: John Liu at jliu42@bloomberg.net, Colin Keatinge, Peter Vercoe©2018 Bloomberg L.P.

Source: Mint April 11, 2018 11:15 UTC