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Ant Financial, an affiliate of Alibaba, a Chinese internet giant, raised $4.5 billion, largely from state-backed investors—the biggest-ever private-funding round for a tech company. Ant runs Alipay, which handles more than half of China’s online payments, and a range of other financial services. The funding gives the firm a valuation of about $60 billion.
Affiliate: 附屬機構
State-backed：國家支持的
Valuation：估值
