Alipay owner said to start IPO process in 2016, finishes record $4.5b equity funding round

Alipay owner said to start IPO process in 2016, finishes record $4.5b equity funding round

REUTERS/Aly Song

Alibaba Group Holding Ltd.’s finance affiliate is planning an initial public offering on Shanghai’s main board in what could be China’s highest IPO valuation since 2010, according to two people familiar with the matter.

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