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Jack Ma’s finance business may be worth more than Goldman Sachs

Ant Financial is now worth an estimated $75b, with most of the value ($50bn) stemming from Alipay. Microloan service is worth ~$8bn and Ant's wealth management unit is worth ~$7bn.

Ant Financial is considering an initial public offering in Hong Kong in the first half of next year, people familiar with the matter said last month. If it goes ahead, Ant Financial could rank among Hong Kong’s largest debuts ever. Even a 10 percent float, lower than average for the city’s market, could end up raising $6 billion based on Ant’s June-round valuation. Ant is controlled by Alibaba Chairman Jack Ma and Alibaba would benefit from such an IPO through either an option to buy a one third stake or a one-time payment.

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