Alibaba's financial services affiliate has reportedly already raised $3bn from investors including Temasek and is targeting an $8bn to $9bn close.
Ant Financial, the financial services affiliate of China-based e-commerce group Alibaba, is looking to raise between $8bn and $9bn at a valuation of about $150bn, according to reports yesterday.
People with knowledge of the plan told Reuters the company is in talks with investors to raise at least $8bn, and that Singaporean state-owned firm Temasek is in line to lead the round.
The Wall Street Journal cited people familiar with the matter who said Ant is targeting $9bn, and that…
