Deals
Jack Ma's Ant Snags Carlyle for $10 Billion Funding, Sources Say
- CPPIB is also said to join the round, closing in coming days
- Ant Financial is said to be valued at about $150 billion
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Ant Financial, the Chinese payments giant controlled by Jack Ma, is expected to close a fundraising of at least $10 billion in the next few days, attracting Carlyle Group and the Canada Pension Plan Investment Board as first-time investors, according to people familiar with the matter.
The Hangzhou-based company is said to be valued at about $150 billion in this round, the people said, requesting not to be named because the matter is private. The funding will be mostly used for overseas expansion, the people said.