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Alibaba's Ant targets largest-ever $30bn IPO: report

Chinese fintech giant seeks to raise more than Saudi Aramco

Ant runs Alibaba's mobile wallet, Alipay, and offers financial products to Alipay users.   © Reuters
NAOKI MATSUDA, Nikkei staff writer | China

SHANGHAI -- Ant Group, the fintech affiliate of Chinese e-commerce leader Alibaba Group Holding, is looking to raise a record $30 billion in its planned IPO, Chinese financial and business news media group Caixin reported on Monday.

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