Ant Financial raises $14 billion and has $150 billion valuation
China’s Ant Financial, the payment affiliate of Alibaba, has raised a total of $14 billion. 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. Alibaba …