Alibaba, NIO stocks soar after report Ant OK'd to set up financial holding company - Printable Version
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Alibaba, NIO stocks soar after report Ant OK'd to set up financial holding company - theold - 18-06-2022
https://www.marketwatch.com/story/alibaba-nio-stocks-soar-after-report-ant-group-okd-to-set-up-financial-holding-company-2022-06-17?cx_testId=22&cx_testVariant=cx_1&cx_artPos=8&mod=home-page-cx#cxrecs_s
RE: Alibaba, NIO stocks soar after report Ant OK'd to set up financial holding company - sgbuffett - 18-06-2022
Came back down as market thinks news is too good to be true
RE: Alibaba, NIO stocks soar after report Ant OK'd to set up financial holding company - limkopi - 18-06-2022
Ant group as a financial holding company is bad news for Ant. No more uncontrolled and rampant growth at zero or negative reserve ratio
This is what the Chinese government has insisted for years, but resisted by Ant.
RE: Alibaba, NIO stocks soar after report Ant OK'd to set up financial holding company - sgbuffett - 18-06-2022
(18-06-2022, 09:25 AM)limkopi Wrote: Ant group as a financial holding company is bad news for Ant. No more uncontrolled and rampant growth at zero or negative reserve ratioThat is a good point but minimally if they just keep Alipay payment system with1B users is is not a normal e bank.
This is what the Chinese government has insisted for years, but resisted by Ant.
It is not clear what kind of regulation will have to endure.. also valuation is lower that a yr ago.
RE: Alibaba, NIO stocks soar after report Ant OK'd to set up financial holding company - sgbuffett - 18-06-2022
Turn out news was not accurate PBOC came out to clarify.
Master Leong explains
Eventually the news will come true. Be patient.