Alibaba payments arm Ant seeks dual listing in China and Hong Kong

Valued at more than $150bn, fintech group bypasses New York

2020720 Ant Financial Services Group

Ant Group is one of the world's most valuable fintech companies. © Reuters

NARAYANAN SOMASUNDARAM and COCO LIU, Nikkei staff writers

HONG KONG -- China's Ant Group said on Monday that it will seek an initial public offering in Shanghai and Hong Kong in an eagerly awaited move toward the stock market by one of the world's biggest fintech unicorns.

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