Ant Group to buy back shares as China ends crackdown
The buyback valuation is almost 70% lower than the $280B market cap Ant fetched in 2020 for its scrapped IPO.
Source: fortune.com
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China Ends Probe of Ma-Backed Ant With $984 Million Fine
(Bloomberg) -- Chinese regulators imposed more than $1 billion in fines on tech giants Ant Group Co. and Tencent Holdings Ltd., signalling an end to a crackdown on the sector that had wiped out billions in market value and derailed the world’s biggest initial public offering.Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalMeta’s Threads App Draws Millions Seeking a Twitter AlternativeStocks Stumble as Traders Turn to Payroll Data: Markets...
Source: yahoo.com
Ant Group gets $984M fine as China ends crackdown that thwarted IPO
It paves the way for Ant to revive growth and eventually resurrect plans for an IPO.
Source: fortune.com
China Ends Tech Crackdown With Fines on Tencent, Ant Group
(Bloomberg) -- China imposed more than $1 billion in fines on tech giants Ant Group Co. and Tencent Holdings Ltd., signalling an end to a crackdown on the sector that had wiped out billions in market value and derailed the world’s biggest initial public offering.Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorMusk ...
Source: yahoo.com
What to expect at the 14th Annual Meeting of the New Champions
Tthe 14th Annual Meeting of the New Champions will convene in Tianjin, China, from 27-29 June. The gathering comes amid an urgent need for global collaboration.
Source: weforum.org
Ant Group publishes 2022 Sustainability Report with ESG strategy implementation progress update
Ant Group (or the Company) today released its 2022 Sustainability Report, highlighting progress made in implementing its Environmental, Social and Governance (ESG) strategy throughout 2022.In the technological innovation field, Ant Group invested
Eric Jing Cyber Mulan Yijie Peng Consumer Rights Protection Committee Task Force On Financial Disclosures Enterprises Smes
Source: newswit.com
Ant Group Releases Latest Sustainability Report With ESG Strategy Implementation Progress Update
Ant Group released its 2022 Sustainability Report, highlighting progress made in implementing its ESG strategy throughout 2022.
Cyber Mulan Yijie Peng Eric Jing Consumer Rights Protection Committee Sustainable Development Committee Ant Group
Source: crowdfundinsider.com
Jack Ma-backed Ant profit falls 56% amid overhaul
The fintech giant shifted its focus from expansion to regulatory compliance. By Lulu Yilun Chen, Bloomberg 18 May
Source: graziadaily.co.za
Alibaba Agenda to Restructure Its Businesses Stokes Speculation Regarding Suspended Ant Group IPO
As the tech space digests the Alibaba news, attention also shifts to what becomes of Ant Group’s 2020 suspended IPO.
Source: coinspeaker.com
Alibaba co-founder Jack Ma returns to mainland China after a year
BEIJEING, March 28: Chinese magnate Jack Ma has returned to mainland China after spending roughly a year overseas, according to people familiar with the matter, reported Wall Street Journal.
Source: nagariknetwork.com