It was a yuan and dollar-denominated tranches. Investors included Singapore’s sovereign wealth funds GIC and Temasek, Malaysia’s Khazanah Nasional Berhad and the Canada Pension Plan Investment Board. Private equity groups
included Warburg Pincus, Silver Lake Partners and General Atlantic.
Ant Financial is the world’s highest-valued private technology startup, surpassing ride-sharing firm Uber Technologies.
They will use the money to invest developing technology and globalization. They operate the Alipay app, money-market fund Yu’e Bao and its own online banking branch in China. They plan to eventually provide financial services for consumers worldwide.
They made deals to provide biometric identification and A.I.-enabled risk management systems to several Chinese banks, including China Everbright Bank and Shanghai Pudong Development Bank. They invested in Bangladesh and Pakistan financial companies.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.