Jack Ma’s Ant Financial Raises $14 Billion

Funding round values Ant at around $150 billion

Stella Yifan Xie and

Julie Steinberg

June 7, 2018 11:27 p.m. ET

HONG KONG—Jack Ma’s financial-technology giant has solidified its position as one of the world’s most valuable private companies.

China’s Ant Small and Micro Financial Services Group Co. on Friday said it raised around $14 billion from domestic and global investors in one of the largest private-capital raises on record.

The share sale—Ant’s...