Ant Group’s valuation seen dropping to $108 billion on crackdown1 min read . Updated: 22 Jan 2021, 08:30 AM IST
Jack Ma’s fintech giant may be worth less than 700 billion yuan ($108 billion) under the draft proposals, which could reduce the value of Ant’s Alipay service by half
Ant Group Co.’s valuation may be cut further under new measures proposed by China to curb market concentration in its online payments market, according to new estimates from Bloomberg Intelligence.
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