Fidelity, BlackRock trim Ant’s valuation further: Report

Fidelity, BlackRock trim Ant’s valuation further: Report

Ant Group's Hangzhou Headquarters. Source: Ant Group

Ant Group’s valuation has been trimmed by global investors including BlackRock Inc and Fidelity Investments, which bought private shares ahead of the Chinese fintech giant’s scuppered initial public offering, Bloomberg reported on Tuesday.