Jack Ma's Ant Group seeks dual-listing in Hong Kong and Shanghai, could be valued more than $200 billion

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Ant Group, which operates the online payment platform for the world’s largest e-commerce company, said it would kick off the process for a concurrent listing on the Shanghai and Hong Kong stock exchanges.

The provider of the Alipay service, an affiliate of the Alibaba Group, is still discussing the size of the share offer and timing internally and with advisers and watching market conditions.

Bankers are valuing the Hangzhou-based company at more than $200 billion, making it the world’s most valuable fintech company. At that valuation, Ant’s capitalisation would surpass . . .

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