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Market Chatter: Ant International Mulls $1 Billion Funding Round to Accelerate Growth

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Ant International is looking to raise $1 billion to boost growth, Bloomberg reported Wednesday, citing people familiar with the matter.

The funding round could value Ant International at $10 billion or even higher. This could facilitate the listing of parent Ant Group in Hong Kong, reviving plans that started in 2020, according to the news outlet.

Existing shareholders General Atlantic and Silver Lake are among the potential investors in the funding round.

Ant Group is the fintech affiliate of Alibaba (HKG:9988).

Ant did not immediately respond to' request for comments.

(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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