Alibaba's Ant Financial to raise $3.1 billion
Alibaba's affiliate Ant Financial is in talks with investors to raise $3.1 billion in funding, which would value the company at around $60 billion ahead of IPO. The funding round is expected to complete by mid-April this year with participation from existing and new investors. Ant Financial closed its Series A funding in 2015 at a valuation of $45-$50 billion.