Sign up to receive 5 free days of our daily summary for tech news.

Interested in the Uber IPO? Subscribe today for $100 off and get access to daily conference calls during the week prior to the IPO.

Read this article for free.

Already a subscriber? Log in here

Asia

Alibaba’s Ant Financial Raising Money for Global Expansion

China’s most valuable online finance company is on an acquisition spree to build a global powerhouse stretching from India to Texas. To fund its overseas deals, Ant Financial Services Group—an affiliate of online shopping giant Alibaba Group—is in early discussions with bankers to raise more than $3 billion, possibly by issuing bonds or bank loans, according to a person familiar with the talks.

The fundraising talks come ahead of an initial public offering Ant Financial is separately planning, although the company hasn’t publicly discussed the timeline or potential venues for such an offering. Ant, whose Alipay payment service has 450 million users, was valued at roughly $60 billion in its latest equity fundraising last year, putting it above PayPal’s roughly $50 billion market capitalization. The company is controlled by Alibaba founder Jack Ma.

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Asia Google Facebook

Google’s Ad Sales From China Are Booming

By Yunan Zhang and Juro Osawa

Asia Startups E-commerce

China’s Starbucks Rival Luckin Piles Up Losses Before IPO

By Yunan Zhang

Venture Capital E-commerce

Bargain Shopping App Wish in Talks to Raise $300 Million

By Yunan Zhang and Juro Osawa

Asia Amazon

Alibaba’s Ad Shift Shows Path for Amazon

By Juro Osawa

Ant Financial’s potential growth worldwide could make its IPO more attractive to investors.