PE-backed Ant Group files for Hong Kong, Shanghai IPO
Ant Group, the financial technology affiliate of China’s Alibaba Group, which has raised more than $20 billion in external private funding, has filed for a dual listing in Hong Kong and Shanghai.
The company – best known as the parent of Alipay, the largest digital payments platform in China with 711 million monthly active users (MAUs) – previously said it wanted to sell a 10% stake. The company...
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