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China s Messy Car Repair Market Gets a Goldman-Backed Makeover

China s Messy Car Repair Market Gets a Goldman-Backed Makeover Bloomberg 2/4/2021 Bloomberg News (Bloomberg) Car repair can be challenging in China, rife with the potential for disputes over the quality of service and parts and dominated by mom-and-pop stores. But the auto after-market industry is changing as vehicles age and owners become more exacting, creating a giant opportunity for companies trying to raise the bar using technology. One of those is Shanghai Lantu Information Technology Holding Ltd., or Tuhu, and it’s got some notable backers in Goldman Sachs Group Inc., Carlyle Group Inc., Sequoia Capital, as well as internet giant Tencent Holdings Ltd. Valued at $4 billion, the company is already a major distributor of auto parts and China’s biggest internet-based car maintenance service provider, according to founder Chen Min.

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M-Commerce Market Investment Scope and Business Development Strategies (2021-2027) – KSU

M-Commerce Market was published by The Research Insights to understand the comprehensive setup of M-Commerce Market industries. Efficient qualitative and quantitative investigation techniques have been used to examine the data perfectly. Varivendorsable factors that comprise the basis for a successful business, such as , sellers, as well as investors are analyzed in the report. It concentrates on the size and structure of global M-Commerce Market sectors to understand the existing structure of several industries. Difficulties faced by the industries and approaches adopted by them to overcome those threats have been included. This research report is helpful for both established businesses as well as startups in the market. Furthermore, the report is ideally and characteristically punctuated with an interpretive presentation. Researchers of this report present a detailed investigation of the historical records, current statistics, and future predictions. Factors contributing to the

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China s Ant to hive off credit data in revamp; sees IPO in 2 years

China s Ant to hive off credit data in revamp; sees IPO in 2 years Posted : 2021-02-04 20:37 Updated : 2021-02-04 20:41 A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China, in this 2020 file photo. Reuters-Yonhap Ant Group plans to spin off its consumer-credit data operations, people with knowledge of the matter said, a concession to aggressive regulators that should help the Chinese fintech giant get its massive public share sale back on track. Hiving off the treasure trove of data on more than 1 billion people is a key part of Ant s business overhaul in response to a regulatory crackdown that resulted in the abrupt suspension of its $37 billion initial public offering (IPO), which would have been the world s biggest, the people told Reuters.

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Ant and China Banks Are Reining In Joint Loans to Consumers

Ant and China Banks Are Reining In Joint Loans to Consumers Bloomberg 2/4/2021 Bloomberg News © Bloomberg An employee walks through the campus of the Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021. Ant Co-Founder Jack Ma resurfaced for the first time since China’s government began clamping down on his business empire nearly three months ago, appearing in a live-streamed video that sent Ant affiliate Alibaba Group Holding Ltd. s stock soaring but left plenty of unanswered questions about the billionaire’s fate. (Bloomberg) Ant Group Co. and at least a dozen banks are paring back their years-long cooperation on consumer lending platforms that fuel the spending of at least 500 million people across China.

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Ant Group plans to spin off credit-data unit to appease regulators and get IPO back on track, sources say

Ant Group plans to spin off credit-data unit to appease regulators and get IPO back on track, sources say
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