In the last investment round, Ant Financial has set a world record for raising funds, having received $4.5 billion from investors, among which were sovereign wealth Fund China Investment Corp. and China Construction Bank, writes The Wall Street Journal, citing informed sources.
According to the newspaper, the new investments made and previous investors, including major insurance companies in the China mail, China Post Group, the investment firm Primavera Capital Group and the investment arm of China Development Bank. The sources explained that the funds in the course of the round were obtained directly from the investment and from the sale of shares in the company.
Ant Financial was spun off from Alibaba before leaving the retailer on the new York stock exchange in September 2014. The company operates the largest volume of transactions platform for online payments in China. In addition to Alipay’s Ant Financial operates a number of financial services and annually serves over 450 million customers.
According to the Vice-President of Ant Financial Cyril Han, the company plans to list its shares on Chinese and foreign exchanges. He did not specify the timing of the IPO, noting that the Ant Financial, the acquisition of Chinese companies involved in the creation of information infrastructure and the provision of financial services in rural areas.
The previous record of investment in the Internet business was installed in January of this year, when Chinese company Meituan-Dianping involved in the sale of movie tickets and seats reservation in restaurants, raised $3.3 billion One of the investors was the Fund of Russian billionaire Yuri Milner DST Global.