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

Chinese fintech giant seeks to raise more than Saudi Aramco

20200803 Ant IPO

Ant runs Alibaba's mobile wallet, Alipay, and offers financial products to Alipay users. © Reuters

NAOKI MATSUDA, Nikkei staff writer

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.