Alibaba's financial services affiliate is reportedly targeting a valuation of $80bn to $100bn for the round, which could precede an initial public offering.
Ant Financial, the financial services affiliate of China-based e-commerce group Alibaba, is aiming to raise up to $5bn in funding, Reuters reported today, citing unnamed sources.
The funding round is set to launch within the next few months and is being viewed as a pre-initial public offering round. It would value Ant Financial at $80bn to $100bn, hinting at the valuation Ant Financial may seek when it goes public.
Spun out of Alibaba in 2014, Ant Financial operates a range…
