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Jack Ma’s Ant Financial to raise funding to over US$12bil


HONG KONG: Billionaire Jack Ma’s Ant Financial is lifting its fundraising target to more than US$12bil by bringing in existing Chinese shareholders in a yuan-denominated financing round, people familiar with the matter said.

The online financial services giant is shooting for at least US$2bil of additional funding in a yuan round that lets Chinese investors participate, the people said, asking not to be named because the matter is private.

Investment , Economy , Markets , china , Jack Ma

   

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