ONE of the only perks of being in lockdown is that it’s given us A LOT of time to clear out some of our old belongings – and even make a bit of extra cash flogging them online. But the next time you successfully sell something on eBay, let this […]
Mega
Jack Ma’s Ant Hit by Flurry of New Rules Ahead of Mega IPO
(Bloomberg) — Ant Group was dealt another blow by more regulations to contain risks in the country’s burgeoning online lending industry as Jack Ma’s financial technology giant prepares for its initial public offering. China’s banking watchdog on Wednesday issued fresh rules to cap the use of asset-backed securities to fund […]
Jack Ma’s Ant Group Hit by Flurry of New Rules Ahead of Mega IPO
TipRanks Morgan Stanley Bets on These 3 Stocks; Sees Over 40% Upside Did the stock market’s epic rally just need a little breather? The last few weeks have seen stocks experience their first meaningful correction since the bull market kicked off in March. Now, the question swirling around the Street […]
Ant’s Mega IPO Sets Up Jack Ma to Escalate War With Tencent
(Bloomberg) — Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million active users that spent $17 trillion through its platform — is headed for potentially the world’s largest stock debut. Yet investors may do well to focus on the long-term threat to its core […]
China’s mighty financial group heads for a mega market debut
Chinese financial technology group Ant has unveiled plans for a stock market debut that may raise a record $30bn (£23bn). The company, affiliated with online retail giant Alibaba, says it will sell shares in Hong Kong and Shanghai. The announcement comes amid rising tensions as the Trump administration cracks down […]
Ant’s Mega IPO Is Set to Make Group of Elite Insiders Very Rich
(Bloomberg) — It’s the hottest fintech in the world and it’s poised to go public in the coming months, unlocking vast riches for early investors and employees. Ant Group, the online payment provider backed by Alibaba Group Holding Ltd. filed the prospectus for its initial public offering Tuesday, unveiling some […]