The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Some global investors skip Ant Group’s buyback after valuation slumps 70 per cent, Bloomberg News reports

August 8, 2023
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
A number of global investors are opting out of Ant Group’s proposed share buyback after the Chinese fintech’s valuation was slashed by more than 70%, Bloomberg News reported on Monday. Among the investors not participating in the buyback are Warburg Pincus, Canada Pension Plan Investment Board (CPPIB), Carlyle Group and GIC Pte, Bloomberg said, citing people familiar with the matter. However, a few money managers, including Fidelity Investments and T. Rowe Price Group, have agreed to sell their shares, the report added. In July, Ant Group announced a surprise share buyback of up to 7.6% of its equity interest at...
GO TO ORIGINAL SOURCE →
China Tech Buzz Topics: Ant Group | Bloomberg | Canada | Chinese | currency | discount | investment | ipo | IT | news | online payment | Renminbi | report | restructuring | Reuters | share | shares | Warburg Pincus | Yuan

Other News:

Anhui Capitalizes on Integrated Ecosystem Strategy to Fuel Tech Startup Boom

August 2, 2026

Gor calls on Bangladesh to join Pax Silica initiative

August 2, 2026
dailyexcelsior.com dailyexcelsior.com

Appetite grows for Talay Noi swamp buffalo meat

August 2, 2026
bangkokpost.com bangkokpost.com

‘Very scary’: Greenland's Southeast Asian migrants caught in Trump’s takeover push

August 2, 2026
channelnewsasia.com channelnewsasia.com

Unregulated peptides illegally sold on Facebook marketplace or distributed through Australia Post

August 2, 2026
abc.net.au abc.net.au

Taiwan’s Supreme Court clamps down on Chinese infiltration

August 2, 2026
europesays.com europesays.com

10 Chinese Gadgets Made By Oppo

August 2, 2026
bgr.com bgr.com

Congress Just Added $897 Million To Pick The Fighter Replacing The US Navy's Super Hornet

August 2, 2026
simpleflying.com simpleflying.com

generation jet call hinges on geopolitics

August 2, 2026
tribuneindia.com tribuneindia.com
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2026 ChinaTechNews.com. A Service of Asia Media Network.