Photographer: Anthony Kwan/Bloomberg

Ant Is Worth 50% More Than Goldman With $150 Billion Valuation

  • China fintech leader’s reported funding round lifts valuation
  • Berkshire, JPMorgan are each worth more than $375 billion

Ant Financial’s latest round of funding, reported to involve Singapore’s Temasek Holdings Pte, is said to value the Chinese provider of mobile payments at about $150 billion -- 50 percent more than Goldman Sachs Group Inc.’s market capitalization.

That would not only make Zhejiang Ant Small & Micro Financial Services Group the world’s most-valuable startup, it would jump the payments business founded by Alibaba Group Holding Ltd. Chairman Jack Ma into the top 15 among banks, insurers and credit providers by market value.

Ant Financial is seeking to raise at least $10 billion in a funding round, according to reports by Bloomberg, citing people familiar with the matter. At a $150 billion valuation, the operator of Alipay and a money-market fund would rank 14th among financial-service firms.

Ant the Giant

China's biggest fintech company's valuation joins elite club of lenders, insurers

Source: Bloomberg as of April 10, excludes ETFs

— With assistance by Lee J Miller, and Lulu Yilun Chen

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