China's Ant Financial said to plan fundraising at potential $100b valuation

China's Ant Financial said to plan fundraising at potential $100b valuation

A logo of Ant Financial is displayed at an event of the company in Hong Kong, China November 1, 2016. REUTERS/Bobby Yip

China’s Ant Financial Services Group is planning to raise up to $5 billion in fresh equity that could value the online payments giant at more than $100 billion, people familiar with the move told Reuters.

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