Ant's Malaysian e-wallet venture with CIMB said to be in talks to raise $150m

Ant's Malaysian e-wallet venture with CIMB said to be in talks to raise $150m

KL Tower in Kuala Lumpur, Malaysia.

A Malaysian e-wallet operator owned by CIMB Group and China’s Ant Group is in advanced talks with investors to raise at least $150 million to fund expansion plans, four sources familiar with the matter said.