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Jack Ma's Ant Financial set to raise $9 billion in funding - WSJ

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Jack Ma's Ant Financial set to raise $9 billion in funding - WSJ

Jack Ma's Ant Financial set to raise $9 billion in funding - WSJ
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(Reuters) – Chinese billionaire Jack Ma’s financial technology business Ant Financial plans to raise $9 billion (£6.35 billion) in latest round of funding, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The latest funding round could value Ant Financial at close to $150 billion, making it by far the world’s largest unicorn, according to the report. (https://on.wsj.com/2IGHLdI)

Ant Financial and Alibaba were not immediately available for comment.

(Reporting by Parikshit Mishra in Bengaluru; Editing by Shounak Dasgupta)

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