(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)