Alibaba’s Ant Financial to raise as much as $3 billion in debt: report1 min read . Updated: 09 Feb 2017, 06:48 PM IST
Banks have made 'soft pitches' to help Ant Financial raise funds, most likely through loans, to be used by the company for acquisitions and for boosting existing investments
Hong Kong: China’s most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between $2 billion to $3 billion in debt to fund acquisitions and foreign investments, a person with direct knowledge of the matter told Reuters.
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