Credit Suisse invested US$100mil in Ant for windfall

The Zurich-based lender, a frequent adviser on deals across Jack Ma’s empire, made the equity investment during Ant’s 2018 fundraising, which valued the company at US$150bil.

HONG KONG: Credit Suisse Group AG invested nearly US$100mil in Ant Group during its last funding round, according to people familiar with the matter,

This has set the Swiss bank up for a potential windfall as the Chinese internet giant prepares to go public.