China's Ant Financial Services Group has been valued at $150bn following a $10bn funding round that attracted Warburg Pincus, Sequoia Capital, Temasek Holdings and Carlyle Group. Ant Financial was previously valued at $60bn following a fundraise in 2016. The company is rumoured to be preparing for an initial public offering, with documents seen by Reuters revealing planned listings on Malaysian and Hong Kong exchanges next year.
China's Ant Financial Services Group has been valued at $150bn following a $10bn funding round that attracted Warburg Pincus, Sequoia Capital, Temasek Holdings and Carlyle Group. Ant Financial was previously valued at $60bn following a fundraise in 2016. The company is rumoured to be preparing for an initial public offering, with documents seen by Reuters revealing planned listings on Chinese and Hong Kong exchanges next year.