Deals
Ant Financial Raises $14 Billion as Funding Round Closes
- Ant has been said valued at $150 billion in latest round
- Funding includes U.S. dollar, yuan denominated tranches
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China’s Ant Financial, the payments giant controlled by Jack Ma, raised about $14 billion in its latest funding round as it accelerates the expansion of Alipay globally and develops new technology.
The financing included a U.S. dollar tranche backed by Singapore’s sovereign wealth fund GIC Pte. as well as Warburg Pincus, Canada Pension Plan Investment Board, Silver Lake and Temasek Holdings Pte., the Hangzhou-based company said in a statement Friday. A yuan denominated component of the funding was supported mainly by existing shareholders.