By Yasufumi Saito Close Yasufumi Saito , Jing Yang Close Jing Yang and Stella Yifan Xie Close Stella Yifan Xie Oct. 27, 2020 7:36 am ET What Is Ant and What Is It Worth? Ant Group Co. ’s initial public offering is poised to break global records for total funds raised.
How Did Ant Get Started? Ant grew out of an online escrow service called Alipay that was created in 2004 within online retailer Alibaba Group Holding Ltd. Jack Ma, Alibaba’s co-founder and then-chief executive later carved out the business. That led to an outcry from Alibaba’s foreign investors, before Mr. Ma created a way Alibaba would continue to profit.
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How Do People Invest Using Ant? Ant partners with around 170 asset managers, including mutual funds, insurers, banks and securities firms in China, to originate investment solutions for Alipay users. The app offers more than 6,000 products ranging from mutual funds to bank time deposits. Of them, the signature product is Yu’e Bao, which lets people put their spare cash in money-market funds.
Stuff dreams are made off!!!! Jack Ma is a beast though
It’s dangerous.
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Pnoz scam.
Since 96% of its revenue is still locked in China. This means that the company has legs to grow & replicate its product offering to other countries. No wonder its valuations are massively huge. Here you have a tech company that is supported by fundamentals.
Chinese money printer
Wheres dec?
L I F T
neo
CCP backing. Duh
CCP propping it up.
The world just helped to build the CCP empire IPO to the tune of $3 Trillion. What a jackpot from $30 billion IPO projection to what we are hearing. Jack Ma is now the real king of CCP. Hope Xi will give him an award that is worth the amount he is rolling into Chinese economy.
carlosotermin
good luck
Free Hong Kong!
Good Morning Mr. President TODAY’S US COVID19 DEATHS is 233,138 You can IGNORE the DAILY Moms, Dads & Kids Body Counts caused by YOUR INCOMPETENCE in directing the world’s most powerful Government’s Crisis Response! Sadly they are gone & can no longer speak out... However WE CAN
China have almost fetched the title of ' SUPERPOWER ' but know , why Bcz using its population as asset and not a load on family or Nation.......
thanks
I'd rather have a good job& lower taxes($2000more auto deduc)from a Pres who's a strong leader, than 4Trillion tax hike,jobs2other countries&long-lasting shutdown from an older guy who won't talk policies,just blames others,has done no good in 47yrs&often can't complete a thought
arts_ant
IPOs are fun until the investors realize they are putting money in the communists' pockets.
CCP Wall Street raised
Something to do with JoeBiden and his son 😉
Because u help him, right ?
A guy bought bitcoin from the FEDS bc its not fungible and can be confiscated. And then took profits off dumbshits and invested a bunch of it into ANT. That's how. Draper is dope, $BTC is shit though when it comes to being SOUND. Fungibility matters long run.
don't know. Are you bored? Jump outta building but don't forget your parachute.
good luck