Alibaba's Ant said to mull Hong Kong IPO, target valuation over $200b

Alibaba's Ant said to mull Hong Kong IPO, target valuation over $200b

REUTERS/Aly Song

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter.