Ant International seeks to raise $1B

Ant International, the global business arm of China's largest fintech firm Ant Group, is exploring a fundraising round of approximately $1 billion from investors, including existing shareholders, Bloomberg reported, citing multiple sources. The move is expected to value the company at over $10 billion. This funding is seen as a preparatory step for a potential Hong Kong initial public offering later this year. Ant International operates a specialized blockchain subsidiary, Ant Digital Technologies, which is involved in projects such as an AI agent payment platform, real-world asset (RWA) tokenization, and the Layer 2 chain Jovay.