Business Insider reports that Jack Ma's Ant Group is looking to raise its funding target to $35 billion through its initial-public-offering.
Ant is Alibaba's fintech arm and China's dominant mobile-payments service.
Ant raised its valuation to $250 billion from $225 billion.
Previously, the company expected to raise $30 billion.
When Ant goes public, its listing will likely be the largest IPO in the world.