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Market Chatter: Ant Group's Global Unit Weighs $1 Billion Fundraising

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Alibaba Group (BABA) co-founder Jack Ma-backed Ant Group's international unit is exploring raising approximately $1 billion in fresh capital, Bloomberg reported Wednesday, citing people familiar with the matter.

The funding round could value Ant International at $10 billion or more and potentially pave the way for a Hong Kong listing as soon as this year, the report said.

The unit has reportedly sounded out interest from investors including General Atlantic and Silver Lake, according to the report.

Ant International did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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