Alibaba's Ant Financial in talks to raise more than $3 billion: reportChina's most valuable online finance company, Ant Financial, is looking to raise more than $3 billion in debt to fund international expansion, according to technology news website The Information. A logo of Ant Financial is displayed at an event of the company in Hong Kong, China November 1, 2016. "It is the market practice for a globalized company like Ant Financial to raise debt in U.S. dollars," a representative of Ant Financial told Reuters, when contacted for comment, but gave no further details. With 450 million users of its Alipay payment service, Ant is making an aggressive push to expand internationally. It has also invested in Indian mobile e-commerce website Paytm and Thai financial technology firm Ascend Money.

Source: VietNamNet News February 09, 2017 05:03 UTC