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Tencent Passes Alibaba As Most Valuable Chinese Company: Here's Why
Thursday, November 5, 2020 - 2:41pm | 409Read More...Tencent Holding (Pink: TCEHY) shares hit new 52-week highs Thursday, while Alibaba Group (NYSE: BABA) shares continued to fall after the suspended Ant Group IPO, which led to a shift in leadership for the most valuable Chinese company. Roundhill Investments Co-Founder Will Hershey pointed...
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Why China Slashed Jack Ma's Ant IPO Hopes, Experts Explain
Thursday, November 5, 2020 - 6:07am | 626Read More...Alibaba Group Holding Ltd (NYSE: BABA)-owned Ant Group’s initial public offering may have been scuttled by Beijing due to its "disinclination to allow entrepreneurs out of their lane," Duncan Clark, author of "Alibaba: The House that Jack Ma Built" told the...
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Cathie Wood Sells Tesla Shares To Buy The Dips In Alibaba, Paypal
Wednesday, November 4, 2020 - 2:43pm | 375Read More...Several of the strong performing Ark ETFS from Cathie Wood bought shares of two underperforming stocks on Tuesday. What Happened: Shares of Alibaba Group Holding (NYSE: BABA) were down 8% Tuesday after the Ant Group IPO was pulled in China. Alibaba owns over 30% of Ant Group. Paypal...
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Jack Ma Loses $3B In A Day After Alibaba's Stock Crash
Wednesday, November 4, 2020 - 12:11am | 264Read More...Alibaba Group Holding Ltd (NYSE: BABA) co-founder Jack Ma’s wealth eroded by nearly $3 billion as the Chinese conglomerate’s shares fell more than 8% in New York after its Ant Group’s dual listings in Shanghai and Hong Kong were suspended, according to the Bloomberg Billionaires...
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Fintech Focus For November 4, 2020
Tuesday, November 3, 2020 - 8:01pm | 1908Read More...Quote Of The Day: The question isn't who is going to let me; it's who is going to stop me. - Ayn Rand Fintech Movers: Voice technology has the potential to improve financial services in more ways than just convenience and accessibility. - SDK.finance Alameda invests $3M in 3Commas. Schwab...
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Alibaba's Stock Falls As Ant Group IPO Is Suspended In China
Tuesday, November 3, 2020 - 10:24am | 327Read More...Less than 48 hours before what's expected to be the largest IPO in history, the Shanghai Stock Exchange has suspended the IPO of Ant Group, the financial company partially owned by Alibaba Group Holding (NYSE: BABA). What Happened: The Shanghai Stock Exchange is temporarily postponing the IPO,...
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Jack Ma Gets Summoned By Chinese Regulators Ahead Of Ant Group's IPO
Tuesday, November 3, 2020 - 12:21am | 348Read More...Jack Ma, the co-founder of the Ant Group and Alibaba Group Holding Ltd (NYSE: BABA), has been summoned by China’s central bank and three other regulators for questioning, the Financial Times reported Monday. What Happened: The People’s Bank of China, China Banking and Insurance...
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Lufax IPO: What Investors Should Know About Chinese Fintech, Ant Group Rival
Thursday, October 29, 2020 - 5:10pm | 568Read More...Ahead of the IPO of the Alibaba Group Holding (NYSE: BABA) financial subsidiary Ant Group in China, another Chinese financial firm is set to debut. Lufax Holding is set to debut on the NYSE this week. About Lufax: One of the leading technology-empowered personal financial services...
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Fintech Focus For October 28, 2020
Tuesday, October 27, 2020 - 5:52pm | 2346Read More...Quote Of The Day: Life is a long lesson in humility. - James M. Barrie Fintech Movers: UBS Group AG plans to invest $200 million of its own money in fintech companies over the medium term in a push to further digitize its services and find new ways to engage with clients. - Bloomberg Benzinga...
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Fintech Focus For October 22, 2020
Wednesday, October 21, 2020 - 6:14pm | 2017Read More...Quote Of The Day: When we strive to become better than we are, everything around us becomes better too. - Paulo Coelho Fintech Movers: Coinbase received 1,914 requests for information in the first six months of 2020 alone. Nearly 60% of those came from state and federal agencies in the U.S.—...
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Fintech Focus For October 20, 2020
Monday, October 19, 2020 - 7:03pm | 1774Read More...Quote Of The Day: Life is trying things to see if they work. - Ray Bradbury Fintech Movers: Dozens of brokerage log-ins are for sale on the dark web with portfolios ranging in the low thousands to a half million dollars. - CNBC Troutwood intros app for stock investment. Acorns helping unemployed...
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Alibaba-Backed Ant Group Plans To Further Raise IPO Valuation Target To $280B: Report
Friday, October 16, 2020 - 5:54am | 368Read More...Alibaba Group Holdings Ltd (NYSE: BABA)-backed fintech firm Ant Group is planning to revise the target valuation for its initial public offering to $280 billion, Bloomberg reports. Ant was earlier said to be targeting $250 billion. What Happened: The 12% increase in enterprise valuation is a...
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Jack Ma's Ant Group To List In Hong Kong, Shanghai, Targets Valuation Of $225 Billion: Report
Saturday, August 22, 2020 - 4:29pm | 408Read More...What happened: Jack Ma’s Ant Group Ant Group intends to file for dual listings in Hong Kong and Shanghai targeting a valuation of about $225 billion, a Bloomberg report said. Ant Group is Alibaba Group Holding Ltd – ADR’s (NYSE: BABA) fintech arm and one of China’s dominant...
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Fintech Focus For August 19, 2020
Tuesday, August 18, 2020 - 5:39pm | 1972Read More...Quote Of The Day: Central bank independence? Gone. - Ben Melkman Fintech Movers: Despite all the talk surrounding digital transformation and the changes that coronavirus has spurred on, not all traditional banks have achieved full digital transformation. - Banking Dive Wealth Builders taps...
