antgroup
Alibaba Group Holding Ltd (NYSE:BABA) co-founder Jack Ma is poised to give up control of Ant Group, a fintech firm that’s an affiliate of Alibaba. The move comes after Chinese regulators cracked down on Ant Group, thwarting its attempt at an initial public offering worth $37 billion in 2020 and forcing it into restructuring. Jack Ma To Cede Control Over Ant GroupCiting unnamed sources familiar with the matter, The Wall Street Journal was the first to report Ma’s plan to give up control over Ant Group as part of its move away from Alibaba. The billionaire tech boss owns only 10% of Ant. Q2 2022...
ValueWalk
Ant Group’s initial public offering (IPO) could get back on track if it falls in line with what Chinese regulators want. The company is reportedly planning a major overhaul in response to pressure from then. News reports indicate that Ant Group intends to become a financial holding company under the oversight of China’s central bank. Q4 2020 hedge fund letters, conferences and more Major overhaul plannedSources told Fox Business that Ant Group executives are still deliberating the company's restructuring plan, although it could be finalized before the Lunar New Year holiday next month. Turning...
ValueWalk
Alibaba founder Jack Ma has made his first public appearance since the Chinese government’s crackdown on the company started almost three months ago. In a live-streamed video, he spoke to rural teachers during an event he hosts annually. Another video of the event showed him touring a primary school in Hangzhou, his hometown. Q4 2020 hedge fund letters, conferences and more Alibaba founder Jack Ma makes public appearanceJack Ma has stayed out of sight since Beijing started cracking down on Alibaba and Ant Group. He hasn't been seen in public since Chinese regulators halted Ant Group's initial ...
ValueWalk
Alibaba stock slid in early trading this morning after China cracked down on Ant Group. The People’s Bank of China ordered Alibaba’s Ant Group to return to its payment processing roots. That means the company’s investment, insurance and investment products may have to be dropped. Q3 2020 hedge fund letters, conferences and more However, the central bank didn't call for Ant to be broken up entirely. Alibaba stock skids on Ant Group newsThis year, Alibaba is no longer the most valuable company in China after erasing nearly all of its gains in the stock market. The Chinese company's market capita...
ValueWalk
Whitney Tilson’s email to investors discussing gun sales likely to remain high; China‘s President Xi Jinping personally halted Jack Ma’s Ant Group IPO.Q3 2020 hedge fund letters, conferences and moreGun Sales Likely To Remain High1) Though we thankfully haven't seen any meaningful election-related unrest, as many feared we might, one sector likely to benefit from the Joe Biden win that Enrique, Berna, and I predicted in our September 23 webinar is gun makers like Smith & Wesson Brands (SWBI).At first glance, it may appear counterintuitive – gun sales are inversely correlated to the perceived g...
ValueWalk
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら