Private Valuation & Funding Round Tracker · Ant Group

Ant Group funding rounds & valuation history

Name: Ant Group Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Ant Group (formerly Ant Financial), the Hangzhou-based operator of Alipay, in which Alibaba holds a one-third stake. Funding from the Series A (CNY) to the Series C (Jun 2018) plus later status rows, sourced to TechCrunch, Caixin Global, CNBC, The Business Times, Shanghai Stock Exchange, Alibaba Group 6-K (SEC) and CKGSB Knowledge.

Last updated: 13 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 5 Currency: US$, nominal; the 2015 Series A and 2023 buyback are shown in renminbi (CNY) as reported, not converted

⬇ Download CSV Cite this dataset Methodology & status definitions

Last closed round Closed

About $150B

About $14B Series C, Jun 2018

Raised in rounds listed

$18.5B

Sum of 2 closed rounds with a disclosed amount (GNF calc.)

Largest round

About $14B

Series C, Jun 2018

Latest signal Tender

RMB567.1B (CNY)

Share repurchase (up to 7.6%) (not a closed round)

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Ant Group funding rounds, Jul 2015 to Jul 2023
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
8 Jul 2023	Tender	Share repurchase (up to 7.6%)Buyback of existing shares for employee incentive plans; no new capital. Shareholders approved it on 23 Jul 2023 and Alibaba said it would not sell, keeping its 33%.	—Not disclosed	—Not disclosed	RMB567.1B (CNY)Repurchase price as stated by Ant via Alibaba’s SEC filing, in renminbi; not converted (the filing itself quotes approximately US$78.48B)	—Not disclosedTender price, not a new round; no multiple	Alibaba Group 6-K (SEC), 9 Jul 2023Also: CKGSB Knowledge, 27 Aug 2026
3 Nov 2020	IPO filing	Shanghai STAR / Hong Kong IPO (suspended)The Shanghai Stock Exchange suspended the STAR Market listing on 3 Nov 2020 and the Hong Kong leg was suspended the same day. No shares were ever listed.	Just under $34.5B (planned)	—Not disclosed	About $313B (implied, never priced)Implied by the planned IPO pricing per CNBC; the listing was suspended two days before trading	—Not disclosedIPO filing; no valuation or multiple	CNBC, 3 Nov 2020Also: Shanghai Stock Exchange, 3 Nov 2020, CNBC, 10 Nov 2020
8 Jun 2018	Closed round	Series CAnt said the round had both US-dollar and renminbi tranches; the about-$14B total is as announced.	About $14B	Not namedWith: Temasek, Carlyle and others (US$ tranche); a renminbi tranche from domestic investors	About $150BReported: WSJ (citing sources) via CNBC; not stated by Ant2.50× vs prior closed	—Not disclosedNo run-rate stated in the announcement	CNBC, 8 Jun 2018Also: The Business Times, 8 Jun 2018
26 Apr 2016	Closed round	Series B	$4.5B	China Investment Corp (CIC) and CCB TrustWith: China Life, China Post Group, China Development Bank Capital, Primavera Capital (existing)	$60BReported: WSJ figure, which TechCrunch said it understood to be the deal valuation; not stated by Ant	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 26 Apr 2016
3 Jul 2015	Closed round	Series A (CNY)Ant did not disclose the amount; Caixin reported 12 billion yuan. Shown in renminbi only (no conversion), so it is left out of the US$ totals and the chart.	¥12B (CNY)	National Social Security Fund (NSSF)With: China Development Bank Capital, major Chinese insurers, Primavera Capital and others	$45B–$50BReported range: TechCrunch, from sources close to Ant (Caixin: “more than US$40 billion”); not stated by Ant	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 3 Jul 2015Also: Caixin Global, 10 Jul 2015

Step-up = valuation ÷ the prior closed valuation (GNF calc.), shown only where both figures were stated or reported and neither is a lower bound.

Valuation at each closed round

Valuations as stated or reported at each closed round with a disclosed figure; talks, tenders and filings are not plotted.

Series AJul 2015$45B–$50B
Series BApr 2016$60B
Series CJun 2018About $150B

Sources: TechCrunch, Caixin Global, CNBC, The Business Times. US$ billions, linear scale.

Timeline

Each round and share sale, oldest first.

3 Jul 2015 · Closed
Series A (CNY): ¥12B (CNY) at $45B–$50B led by National Social Security Fund (NSSF).
26 Apr 2016 · Closed
Series B: $4.5B at $60B led by China Investment Corp (CIC) and CCB Trust.
8 Jun 2018 · Closed
Series C: About $14B at About $150B led by Not named.
3 Nov 2020 · Filed
Shanghai STAR / Hong Kong IPO (suspended): Just under $34.5B (planned).
8 Jul 2023 · Tender
Share repurchase (up to 7.6%): amount not disclosed.

Still private: Ant Group’s 2020 Shanghai/Hong Kong IPO was suspended on 3 Nov 2020 and no relisting has been filed (checked 13 Nov 2026). Alibaba, which is listed, holds 33% and accounts for Ant as an unconsolidated related party, so it is a minority shareholder, not a parent. Ant International, spun out in 2024, raised $1.2B in July 2026; it is a separate company and is not counted here.

Cite this dataset

Free to quote with a link back. Copy this citation:

Ant Group Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/ant-group/

Download the data

The same 5 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File: ant-group-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/ant-group-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 13 Nov 2026 (IST)

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Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

Tender

A sale of existing shares (employee tender, secondary or buyback). It brings no new primary capital, so it is Status, not the last-closed valuation; no step-up or multiple.

IPO filing

A registration statement or prospectus filed with a regulator. It is Status, not a priced IPO; nothing is treated as a closed valuation.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

Ant International’s own 2026 fundraising (a separate company since 2024); debt and bond issues; the 2020 IPO cornerstone commitments; acquisitions and stakes Ant has bought in other companies; investor mark-downs reported after the IPO halt.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

13 Nov 2026: Dataset first compiled (batch 4, not yet published).

Ant Group Funding Rounds & Valuation History (2015–2023)