Ant Is Worth 50% More Than Goldman With $150 Billion Valuation
- China fintech leader’s reported funding round lifts valuation
- Berkshire, JPMorgan are each worth more than $375 billion
Ant Financial’s latest round of funding, reported to involve Singapore’s Temasek Holdings Pte, is said to value the Chinese provider of mobile payments at about $150 billion — 50 percent more than Goldman Sachs Group Inc.’s market capitalization.
That would not only make Zhejiang Ant Small & Micro Financial Services Group the world’s most-valuable startup, it would jump the payments business founded by Alibaba Group Holding Ltd. Chairman Jack Ma into the top 15 among banks, insurers and credit providers by market value.