One of China’s wealthiest businessmen says the market listing of his online payment processor and microlending company Ant Group will set the largest valuation at market launch in history.
Speaking at the Bund Global Financial Summit in Shanghai on Saturday, Alibaba founder Jack Ma, who is worth close to $50 billion and is among the most powerful men in China, said Ant Group will enter markets in Hong Kong and Shanghai as the highest-valued listing in history.
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