Alibaba's Ant Financial could be valued at nearly $50b

Alibaba's Ant Financial could be valued at nearly $50b

The logo of Alibaba Group is seen inside the company's headquarters in Hangzhou, Zhejiang province early November 11, 2014. REUTERS/Aly Song

Chinese e-commerce giant Alibaba Group Holding Ltd’s finance arm, Ant Financial Services Group, could be valued at nearly $50 billion in its current round of funding, the Wall Street Journal reported.

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