Tencent Nears $1 Trillion in Latest Sign of Global Tech Bubble yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Alibaba (BABA) can Reach $60 Billion Free Cash Flow by 2030, Unless Political Winds Change
Aikya Investment Management Ltd, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 21% was recorded by the fund for the Q4 of 2020, below its MSCI Emerging Market benchmark that returned 26.7%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Aikya Investment Management, in their Q4 2020 Investor Letter said that they noticed the outstanding earnings growth and earnings of Alibaba Group Holding Limited (NYSE: BABA), that made them acquire a position in Alibaba. However, despite the strong earnings, the fund gave a warning about the possible negative outcome of the company. Alibaba Group Holding Limited is a multinational technology company that currently has a $699.7 billion market cap. For the past 3 months, BABA delivered a decent -15.72% return and settled at $258.62
China Considers Requiring Ant to Sell Finance Investments, Source Says
Jan 04 2021, 12:48 PM
December 31 2020, 2:22 PM
January 04 2021, 12:48 PM
(Bloomberg) Chinese regulators are studying plans to force Ant Group Co. to divest equity investments in some financial companies, curbing the companyâs influence over the sector, according to a person familiar with the matter.
(Bloomberg) Chinese regulators are studying plans to force Ant Group Co. to divest equity investments in some financial companies, curbing the companyâs influence over the sector, according to a person familiar with the matter.
The plans, which would involve pushing Ant to sell some of its minority shares in operations such as banking-related businesses, are part of a push by watchdog agencies to regulate so-called financial holding companies, the person said, requesting not to be named because the matter is private. An Ant spokesperson declined to comment on Thursday.