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Alibaba's Ant Financial In Talks To Raise More Than $3 Billion: Report

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A logo of Ant Financial is displayed at an event of the company in Hong KongBy Sijia Jiang HONG KONG (Reuters) - China's most valuable online finance company, Ant Financial, is looking to raise more than $3 billion in debt to fund international expansion, according to technology news website The Information. The finance arm of online shopping giant Alibaba Group is in early talks with bankers to raise funds, possibly by issuing bonds or bank loans, the news site said on Thursday, citing a person familiar with the talks. "It is the market practice for a globalized company like Ant Financial to raise debt in U.S. dollars," a representative of Ant Financial told Reuters, when contacted for comment, but gave no further details.




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