Ant Financial may raise funds at $100 bn valuation: Reports
Chinese e-commerce giant Alibaba's payments affiliate Ant Financial is planning to raise up to $5 billion, which may value the payments giant at more than $100 billion, according to reports. Ant Financial raised $4.5 billion in 2016, which reportedly valued the company at $60 billion. The firm is currently in talks to appoint advisers for the fundraising, reports added.