GLOBAL INVESTORS VALUE ANT GROUP AT OVER $200 BILLION AFTER HALTING IPO

Highlights –

• Global investors value Ant Group at over $200 billion after halting IPO.
• The amount is said to be third above Ant’s valuation after its fundraising in 2018.
• Ant’s business was affected a little by regulatory scrutiny in Oct-Dec. quarter.
• Warburg Pincus LLC valued Ant at about $220 billion at year-end due to its 2020 earnings.

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