Ant Group Revenue, Valuation, Funding & Investors

Ant Group is valued at $79B as of July 2023, a 3.2x multiple on its last reported $25B revenue.

Last Ant Group valuation

$79B

Secondary · Jul 2023

Last Ant Group funding round

$10B

Series C · Jun 2018

Ant Group revenue

$25B

Secondary · Jul 2023

Key investors in Ant Group

  • Temasek
  • GIC
  • Primavera Capital Group
  • CCB International
  • China Investment Corporation
  • China Development Industrial Bank (CDIB)

Ant Group Overview

About Ant Group

Ant Group is a fintech company building digital infrastructure for financial services via platforms like Alipay. Hangzhou-headquartered, it supports consumers and SMEs with payments, lending, insurance, and wealth management across Asia. The ecosystem includes Ant Fortune for investments and Ant Financial Cloud for enterprise solutions.


Founded

2014

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Commission, Subscription

Revenue

$25B (Jul 2023)

Valuation

$79B (Jul 2023)

Ant Group Valuation

Ant Group is currently valued at $79B, based on its secondary sale in July 2023.

Ant Group's valuation has grown 1.3x from $60B at its Series B in April 2016 to $79B in July 2023, across 3 priced rounds.

Ant Group valuation by funding round

Revenue multiple
Ant Group valuation by funding round
DateStageValuationRevenue Multiple
Jul 2023Secondary$79B3.2x
Jun 2018Series C$150B11.7x
Apr 2016Series B$60B-

Ant Group Revenue

Ant Group's latest recorded revenue is $25B, as of its secondary sale in July 2023. At a $79B valuation, that implies a 3.2x revenue multiple.

Revenue grew from $13B in June 2018 to $25B in July 2023, while the revenue multiple moved from 11.7x to 3.2x.

Ant Group revenue by funding round

Ant Group revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jul 2023$25B$79B3.2xSecondary
Jun 2018$13B$150B11.7xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Ant Group Funding History

Ant Group has raised a total of $15B across 2 funding rounds, plus 1 secondary share sale.

Ant Group's first fundraising round was a $4.5B Series B in April 2016. The most recent completed round was a $10B Series C in June 2018.

Ant Group funding rounds

Ant Group funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2023Secondary--$79BAnt Group's valuation was set at approximately $79 billion (567.1 billion yuan) during a company share repurchase plan announced in July 2023. This marked a steep decline from the peak $280 billion valuation it held during its halted 2020 initial public offering (IPO).
Jun 2018Series CGIC (lead); Temasek (lead)$10B$150B-
Apr 2016Series BChina Investment Corporation (lead); CCB International; Primavera Capital Group; China Development Industrial Bank (CDIB)$4.5B$60BAnt Financial, the Alibaba affiliate operating Alipay and other financial services including micro-loans and MyBank, closed a $4.5 billion Series B funding round on April 25, 2016, at a $60 billion valuation. This marked the largest investment in a tech company at the time, surpassing Didi Kuaidi's $3 billion raise. The previous Series A valued the firm at $45-50 billion. Investors included new participants China Investment Corporation (CIC) and CCB Trust (a subsidiary of China Construction Bank), alongside returning backers such as China Life, China Post Group, China Development Bank Capital, and Primavera Capital Group. CIC was highlighted for strategic value in expanding Ant Financial's global footprint alongside Alibaba.

Who has invested in Ant Group?

6 investors have backed Ant Group across its funding rounds, including Temasek, GIC, Primavera Capital Group, CCB International, China Investment Corporation and China Development Industrial Bank (CDIB).

Lead investors include GIC, Temasek and China Investment Corporation.


Ant Group Investors

Investors in Ant Group by funding rounds participated
InvestorHQRoundsRoleFirst check
TemasekSingaporeSingapore1LeadJun 2018
China Investment CorporationChinaBeijing1LeadApr 2016
CCB InternationalHong KongHong Kong1ParticipantApr 2016
GICSingaporeSingapore1LeadJun 2018

This data is available for Pro users. Sign up to see all 6 Ant Group investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Ant Group

Ant Group has acquired 9 companies to date.

Last acquisition by Ant Group was on March 16th 2026. Ant Group acquired Bright Smart Securities for $359M.


Latest Acquisitions by Ant Group

Bright Smart Securities
Haodf.com
MultiSafepay
2C2P
Description
Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.
Haodf.com is an internet medical platform linking doctors and patients for consultations and health services via haodf.com. It enables virtual appointments, specialist advice, and treatment planning across general and specialized medical fields in China.
MultiSafepay is an Amsterdam-headquartered payment service provider specializing in e-commerce solutions across Europe. The company offers a full-stack platform that integrates payment processing, subscriptions, invoicing, and fraud prevention tools. It supports over 30 local methods including iDEAL, Giropay, and Przelewy24, alongside cards and wallets like Apple Pay. MultiSafepay serves merchants in retail, SaaS, and travel sectors with features such as one-click payments and marketplace payouts. Operating since 2006, it expanded through acquisition by Sophos Group in 2021 and now facilitates transactions in 34 countries with direct acquiring in key markets like the Netherlands and Germany.
2C2P is a Singapore-headquartered payments platform processing over $30 billion in transactions annually across Asia-Pacific. Founded in 2003, it integrates 200 payment methods, including 400,000 offline locations, for enterprises like Grab and Shopee. Services encompass online, mobile, and in-store payments plus fraud prevention via 3D Secure. With 500 employees in 10 offices, 2C2P supports 100,000 merchants globally.
HQ CountryHong KongChinaNetherlandsSingapore
HQ City
-
Beijing
Emmen
-
Deal Date16 Mar 202613 Sep 20242 Jul 202418 Apr 2022
Valuation$359Mundisclosed$200M$738M
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Ant Group acquisitions and their M&A valuation multiples.

Start Free Trial

Investments by Ant Group

Ant Group has invested in 111 companies to date.

Latest investment by Ant Group was on July 19th 2026. Ant Group invested in Ant International in their $1.2B Series A round.


Latest Investments by Ant Group

Ant International
Boohee
LeXiang Intelligence
LibLib AI
Description
Ant International is a global commerce services provider facilitating cross-border payments and trade. Singapore-headquartered, it operates WorldFirst for international transfers, Alipay+ for merchant acceptance in over 50 countries, and blockchain-based solutions for supply chain finance, aiding SMEs in e-commerce expansion.
Boohee is a China-based health app delivering personalized weight management programs. Users access calorie-tracking databases for over 1 million foods, customized meal plans, exercise logs, and community forums. The platform integrates with wearables like Xiaomi Mi Band for real-time data syncing. Headquartered in Beijing since 2010, Boohee serves millions of active users nationwide.
LeXiang Intelligence is a Shenzhen-headquartered robotics firm developing consumer-grade intelligent robots for household tasks. Its products include companion bots with facial recognition and voice interaction, deployed in homes across China and exported to Southeast Asia. Partnering with chipmakers like Qualcomm, the company produces over 50,000 units yearly featuring AI navigation and multi-language support.
LibLib AI is a Beijing-headquartered artificial intelligence platform for image generation as a subsidiary of Singularity Star Technology Co., Ltd. It powers multi-style content creation via diffusion models for advertising, design, and entertainment scenarios. The service supports text-to-image, image editing, and interactive tools accessible through web and mobile interfaces.
HQ CountrySingaporeChinaChinaChina
HQ City
Singapore
Shanghai
Suzhou
Beijing
Deal Date19 Jul 20267 Jul 20261 Jul 202617 Jun 2026
RoundSeries AStrategic investmentSeedSeries B
Raised$1.2Bundisclosed$74M$300M
InvestorsAlibaba Group-Hua Capital; Geely Capital; 37 Interactive Entertainment; Monolith ManagementTengxun Touzi; Jeneration Capital; Gaorong Capital; HT Investment; Shunwei Capital; Granite Asia; FutureCap; HSG; Source Code Capital; INCE Capital
Valuation$11Bundisclosedundisclosed$2B
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Ant Group investments and their VC round multiples.

Start Free Trial

Ant Group Competitors

Ant Group competitors include listed companies like ACI Worldwide, Bread Financial, Moody's and S&P Global, and private ones like Stripe and OneConnect.

Public and private companies comparable to Ant Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ACI WorldwideUnited StatesUnited StatesPublicly listed$1.8B$456M$5.2B3.1x
Bread FinancialUnited StatesUnited StatesPublicly listed$3.8B-$4.2B1.3x
Moody'sUnited StatesUnited StatesPublicly listed$7.7B$3.8B$80B10.6x
S&P GlobalUnited StatesUnited StatesPublicly listed$15B$7.7B$119B9.1x
StripeUnited StatesSan Francisco, CAPrivate$6.9B-$159B23.0x
OneConnectChinaShanghaiPrivate--$7.4B-

Ant Group Public Comps

Ant Group is still privately-owned, but its public comps include Moody's, Block, PayPal, Constellation Software, S&P Global, Adyen, Fiserv, LPL Financial, Verisk Analytics and Global Payments.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Moody's$7.7B$3.8B11.2x10.6x22.5x20.1x
Block$24B$2.2B1.7x1.6x18.6x9.4x
PayPal$33B$7.2B1.4x1.4x6.6x6.9x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
S&P Global$15B$7.7B8.9x9.1x17.6x17.3x
Adyen$3B$1.4B6.5x6.3x13.7x11.9x
Fiserv$21B$8.9B2.5x2.8x6.1x6.4x
LPL Financial$17B$2.2B1.9x1.6x14.8x10.7x

This data is available for Pro users. Sign up to see all Ant Group competitors and their valuation data.

Start Free Trial

Common questions about Ant Group

When was Ant Group founded?Ant Group was founded in 2014.
Where is Ant Group headquartered?Ant Group is headquartered in Hangzhou, China.
Is Ant Group publicly listed?No, Ant Group is a private, VC-backed company.
What is Ant Group's valuation?Ant Group was last valued at $79B in its secondary sale in July 2023.
How much funding has Ant Group raised?Ant Group has raised $15B across 2 funding rounds.
What was Ant Group's last funding round?Ant Group's last funding round was a $10B Series C in June 2018, led by GIC and Temasek.
Who are Ant Group's investors?Ant Group's investors include Temasek, China Investment Corporation, CCB International, GIC, Primavera Capital Group and China Development Industrial Bank (CDIB).
What is Ant Group's revenue?Ant Group's latest recorded revenue is $25B (July 2023).
What is Ant Group's revenue multiple?Ant Group's latest valuation implies a 3.2x revenue multiple ($79B valuation on $25B of revenue).
Which companies are comparable to Ant Group?Companies comparable to Ant Group include ACI Worldwide, Bread Financial, Moody's, S&P Global, Stripe and OneConnect.
How many companies has Ant Group acquired?Ant Group has acquired 9 companies, including Bright Smart Securities, Haodf.com, MultiSafepay, 2C2P and WorldFirst.
What was the largest acquisition by Ant Group?The $738M acquisition of 2C2P in April 2022 is the largest acquisition Ant Group has made to date.
How many companies has Ant Group invested in?Ant Group has invested in 111 companies, including Ant International, Boohee, LeXiang Intelligence, LibLib AI, Reverse Matrix Technology, Xingneng Xuanguang, Creative Fitting and Genrobot.ai.
What was Ant Group's last investment?In July 2026, Ant Group invested in Ant International's $1.2B Series A alongside Alibaba Group.

See companies similar to Ant Group

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial