Ant Financial has raised another $10 billion from global investors valuing the company at around $150 billion, a price-tag that appears high considering brewing risks but broadly in line with its publicly traded peer group.
This fundraiser was an invitation-only event, attended by some of the world’s best-known investors such as Singaporean state funds Temasek and GIC, private equity firms Warburg Pincus and Carlyle, as well as the Canada Pension Plan Investment Board, according to a person involved in the offering.
Was that invite akin to a golden ticket to invest in the cream of China’s digital economy Some might be sceptical given the speed...
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