Ant Financial is officially the world’s most valuable unlisted company after it completed in early June what could be the last private funding round ahead of its highly-anticipated initial public offering.
The Hangzhou-based company is now worth over $155 billion after snapping up a record-breaking $14 billion from institutional investors in the world’s largest ever round of private fundraising last year.
Ant Financial is best known as the operator of Alipay, China’s biggest mobile payment platform, as well as financial service like online money fund Yuebao and micro-loan app Ant Credit Pay.
Self-developed services aside, Ant Financial has built an ecosystem around its...
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