Ant Is Worth 50% More Than Goldman With $150 Billion Valuation

(Bloomberg) -- Ant Financial’s latest round of funding, reported to involve Singapore’s Temasek Holdings Pte, is said to the Chinese provider of mobile payments at about $150 billion -- 50 percent more than Goldman Sachs Group Inc.’s market capitalization.

That would not only make Zhejiang Ant Small & Micro Financial Services Group the world’s most-valuable startup, it would jump the payments business founded by Alibaba Group Holding Ltd. Chairman Jack Ma into the top 15 among banks, insurers and credit providers by market .

Ant Financial is seeking to raise at least $10 billion in a funding round, according to reports by Bloomberg, citing people familiar with the matter. At a $150 billion valuation, the operator of Alipay and a money-market fund would rank 14th among financial-service firms.

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