Singapore’s GIC Plans to Invest More Than $1 Billion in Ant
- Temasek, China’s pension fund also seek to boost investments
- Singapore state investors looking at Shanghai, Hong Kong IPOs
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Singapore’s sovereign wealth fund GIC Pte plans to invest more than $1 billion in Ant Group’s mega initial public offering as early investors look for a bigger slice of the Chinese payments behemoth, according to people familiar with the matter.