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Chinese online payments giant Ant Financial raises $14 billion for global expansion

VentureBeat has so many interesting articles, this one is true to form. Virtual payments are worth studying…. there are so many flavors and so many surprise$. Learn, train, be ready for this … it is more than a trend and more than just money in the clouds!

(Reuters) — Ant Financial Services Group, operator of China’s biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising globally by a private company.

 

The cash will boost Ant’s firepower ahead of a widely expected initial public offering (IPO) in Hong Kong and mainland China as early as next year — though the company has neither publicly set a timetable nor chosen a likely stock exchange.

The exercise amounted to the largest confirmed single fundraising round in history, according to data provider Crunchbase.

https://venturebeat.com/2018/06/08/chinese-online-payments-giant-ant-financial-raises-14-billion-for-global-expansion/

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