The Digital Source For China's Tech Innovation Since 2000

Global investors skip Ant’s buyback after valuation slumps 70% – Bloomberg News

August 8, 2023
Source: reuters.com reuters.com
News Snapshot:
A sign of Antchain, the blockchain technology branch under Ant Group, is seen at Ant Group's booth during the World Artificial Intelligence Conference (WAIC) in Shanghai, China, July 8, 2021. REUTERS/Yilei Sun/File Photo Aug 7 (Reuters) - A number of global investors are opting out of Ant Group's (688688.SS) 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 (CG.O) and GIC Pte, Bloomberg said, citing people familiar with the matter. However,...
Go To Original Source →
Tags: Ant Group | artificial intelligence | blockchain | Bloomberg | Canada | China | Chinese | currency | fintech | investment | news | online payment | photo | Renminbi | report | Reuters | Shanghai | share | shares | standards | Sun | technology | Warburg Pincus | Yuan

Other Related News:

If India and Pakistan’s ceasefire holds, the coming weeks will see a new battle: of narratives

May 10, 2025

Can Donald Trump really put a tariff on films?

May 10, 2025

Advancing noninvasive EEG with high spatiotemporal resolution through focused ultrasound

May 10, 2025

Review: The GameSir Super Nova is a budget Hall Effect controller

May 10, 2025

The Globe and Mail

May 10, 2025

India's clash with Pakistan sees use of Chinese missiles, French jets, Israeli drones and more

May 10, 2025

‘We’re in the Hamptons of England’: Trump sends wealthy Americans fleeing to the Cotswolds

May 10, 2025

Physical buttons are finally making a comeback in cars, thanks to new safety guidelines – but I'm bracing myself for more irritating user experiences

May 10, 2025

Did Carney, the banker, use his bond-market black magic on Trump?

May 10, 2025
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2025 ChinaTechNews.com. A Service of Asia Media Network.
Twitter