Ant Financial may raise $8 bn at $150 bn valuation: Reports
Chinese e-commerce giant Alibaba's payments affiliate Ant Financial is in talks to raise at least $8 billion from Singapore-based investment company Temasek Holdings, as per reports. The fundraiser might value the Chinese firm at over $150 billion, the reports added. Earlier it was reported that Ant Financial is planning to raise up to $5 billion at $100 billion valuation.