Ant

China’s central bank chief struggles to answer question on Ant Financial IPO 0
- Banks
- January 26, 2021
Yi Gang, the veteran central bank chief of the People’s Bank of China, is no stranger to difficult questions. But when asked by Roula Khalaf, the editor of the Financial Times, whether a fellow Chinese regulator made a mistake by initially approving the Ant Financial initial public offering, he was at a loss for words.
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Analysis: Fin or tech? China’s Ant, biggest-ever IPO, says it’s a tech firm not a 0
- TECHNOLOGY
- January 26, 2021
BEIJING/HONG KONG (Reuters) – China’s Ant Group, about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it – a financial colossus or a tech giant? A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang
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Ant Group will see ‘results’ if legal process after IPO halt followed: central bank 0
- TECHNOLOGY
- January 26, 2021
TipRanks 2 Biotech Stocks Wells Fargo Says Are Ready to Bounce The biotech sector has started the year with a bang. The industry benchmark, iShares NASDAQ Biotechnology ETF (IBB), is up ~11% so far in January — far better than the S&P 500’s 3% return. Covering the sector for Wells Fargo, 5-star analyst Jim Birchenough
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Ant weighs financial holding company to placate regulators, sources say 0
- Business
- January 26, 2021
(Reuters) -Ant Group Co Ltd is considering folding most of its online financial businesses, including consumer lending, into a holding company that would be regulated like traditional financial firms, two people with direct knowledge of the matter said. FILE PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at
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Jack Ma’s Ant Group Slashes Credit Limits for Some Younger Borrowers in China 0
- Credit
- January 25, 2021
Ant Group Co. cut borrowing limits for some users of its popular digital credit-card service, a sign the financial-technology giant is dialing back risk in its lending business following pressure from Chinese regulators. The Hangzhou-based company on Wednesday said Huabei, one of its consumer-lending platforms, is lowering credit limits for some younger borrowers “to promote
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Ant Group’s Value Could Be Cut Further 0
- TECHNOLOGY
- January 24, 2021
Share Tweet Share Share Share Email Chinse billionaire Jack Ma keeps getting hit with setbacks. It all started in November when the Shanghai Stock Exchange acted to delay his Ant Group’s plan to go public, after he met with Chinese regulators. Before the scheduled initial public offering (IPO) was canceled, Ant Group was worth an estimated
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