Exclusive: Alibaba’s Ant Financial close to closing bigger-than-expected $3.5 billion debt financing round – CNBC
Raising money in U.S. dollars will help Ant Financial spend money abroad as the Chinese government continues to keep an eye on capital outflows. In December, the government clamped down on the amount of money companies could move out of China, and while those restrictions have eased slightly, moving yuan can still be difficult. Having…