Ant International is planning to raise $1 billion, with a valuation of over $10 billion, and is planning to conduct an IPO in Hong Kong this year

June 10 (Bloomberg) — Ant Group’s overseas business unit, Ant International, is in talks to raise roughly $1 billion to drive its growth, according to people familiar with the situation. The arm is targeting a valuation of $10 billion or higher, with existing investors General Atlantic and Silver Lake eyed as potential backers, insiders said. Discussions are ongoing and no final deal has been reached yet. If the funding round closes successfully, it will help Ant International prepare for a possible IPO in Hong Kong as early as this year. That would mark a reboot of Ant Group’s record-setting global IPO, which was halted by regulators back in 2020. Following a compliance restructuring, Ant International established an independent board in 2024. Parent company Ant Group saw its overall valuation shrink to around $79 billion in 2023, due to R&D investments and regulatory factors. Meanwhile, Ant International generated $3 billion in revenue in 2024, with roughly 25% growth recorded in 2025. As of April 2026, its services cover more than 220 markets worldwide, supporting over 300 payment methods. Its core business has four main segments: cross-border payment network Alipay+, merchant acquiring service Antom, cross-border trade payment platform WorldFirst, and Bettr, which offers AI digital lending and foreign exchange fund management. In March 2026, Ant Group won approval from Chinese regulators to acquire Hong Kong-listed brokerage firm Bright Smart Securities & Commodities Group Ltd. to expand its online securities business outside mainland China. The company is also continuously investing in emerging technologies to explore new revenue streams, focusing on large language models, humanoid robots, and a healthcare app with 140 million users.