Ant International aims to raise $1 billion from major investors, paving the way for a Hong Kong IPO.

Ant International aims to raise $1 billion from major investors, paving the way for a Hong Kong IPO to accelerate the expansion of its cross-border payments and fintech services globally.

June 10, 2569 at 15.05:XNUMX a.m. Bloomberg News reported that Ant International, the international arm of Ant Group, the fintech company owned by Chinese billionaire Jack Ma, is considering raising approximately $1,000 billion. This aims to accelerate overseas business expansion and may pave the way for the company to be listed on the Hong Kong Stock Exchange within this year.

Sources close to the matter revealed that: Ant International has begun discussions with several investors, including existing shareholders General Atlantic and Silver Lake, and this new funding round could valuation Ant International at $10,000 billion or more.

The news source stated that The new funding will support business growth and could be a crucial step before the end of the term.Nor is conducting its first initial public offering (IPO) in Hong Kong, marking the return of its capital market entry plan that was stalled several years ago.

Back in 2563, Ant Group was poised to make history with the world's largest IPO, but the plan was abruptly halted by Chinese regulators. This forced the company to undergo a major business restructuring before establishing an independent board of directors for Ant International in 2567.

However, fundraising negotiations are still under consideration and no final decision has been made. Ant Group, General Atlantic, and Silver Lake declined to comment on the news.

Information from sources indicates that... Ant International has projected revenues of approximately $3,000 billion in 2567 and is expected to grow by around 25% in 2568. The company currently supports more than 300 payment methods across 220 countries and regions worldwide.

Ant International's core business comprises four key platforms. These include Alipay+, Antom, Bettr, and WorldFirst.

• Alipay+ connects digital wallets across borders.
• Antom helps merchants accept payments through over 300 channels and more than 100 currencies.
• WorldFirst provides payment services for international trade.
• Bettr provides digital lending and liquidity management services powered by AI.

In recent years, Ant Group has also accelerated its investment in new technologies to create additional revenue streams, including large-scale artificial intelligence (LLM) models, humanoid robots, and healthcare applications with over 140 million users.

In addition, in March, Ant received approval from Chinese regulators to acquire Bright Smart Securities & Commodities Group to expand its online securities brokerage business outside mainland China.

Although Ant Group remains one of the world's largest fintech companies, research and development costs, along with regulatory pressures, have significantly reduced its valuation, from approximately $280,000 billion in preparation for its 2563 IPO to around $79,000 billion in 2566.

refer : www.bloomberg.com

Read news related to both Thai and international stock markets here.