Ant Financial Raises $10 Billion in Latest Funding Round, Sources Say

Ant Financial Services Group, the operator of Alipay, China’s biggest online payment platform by market share, has closed its latest funding round after raising $10 billion from both global and local investors, five people with direct knowledge of the matter said. The fundraising values the firm at $150 billionm according to Reuters’ sources. Ant Financial’s valuation has jumped dramatically over the past few years. The company was valued at about $45 billion when it raised capital in 2016, then saw that figure grow to $60 billion just a year later. The investor lineup and the size of their investments have been finalized, and the transfer of funds is underway.

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