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Alibaba’s Ant Financial Hoping for $200 Billion IPO

By
Martin Peers
· · Source: Reuters

Alibaba plans to take its financial service affiliate Ant Group public and is looking for a valuation of more than $200 billion, Reuters reported. Ant is considering selling between 5% and 10% of its shares in the offering, the report said. Alibaba owns 33% of Ant, whose services include the Alipay digital payments service. Ant also operates Huabei, which extends credit lines to consumers so...

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