The logo of Ant Financial Services Group, Alibaba’s financial affiliate, is pictured at its headquarters in Hangzhou, Zhejiang province, China January 24, 2018. — Reuters pic
The company filed paperwork last evening for a joint listing closer to home as tensions spiral between the United States and China. Bloomberg News, citing people familiar with the listing, say Ant group is targeting a valuation of about US$225 billion, with a US$30 billion IPO if markets are favourable.
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