Ant International, an overseas affiliate of Jack Ma-founded Chinese fintech firm Ant Group, aims to raise $1 billion in a private funding round, a source with knowledge of the matter said on Wednesday.
The funding round would value Ant International at $10 billion prior to the new investments and likely attract capital mainly from Ant Group’s existing investors, the source said.
Bloomberg first reported on Wednesday Ant International’s fundraising details, citing people familiar with the matter, who also said its Hong Kong listing could happen as soon as this year.
The source with knowledge of the matter said no timetable has been set for any listing, as did two other sources familiar with Ant’s plans.
None of them could be named because they were not authorised to speak publicly on the issue.
Singapore-based Ant International declined to comment.
Chinese media reported in 2025 that Ant Group was considering listing its international arm on the Hong Kong Stock Exchange, and communicating with regulators about it.
Ant International is a digital payments and fintech firm that was spun out of Ant Group as an independently operated company in 2024.
Ant Group, founded by billionaire Jack Ma and an affiliate of Chinese conglomerate Alibaba Group, had planned a record $37 billion listing in 2020, but Chinese regulators suspended the listing just before its dual debut.
The suspension of the IPO, which would have been the world’s largest at that time, led its founder Ma to give up control of the Chinese fintech giant in an overhaul.
Reuters
