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2021-05-16

Hope IPO relaunch soon.

Jack Ma's Ant posted 21.8b yuan profit after IPO halt

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Ant's earnings lag one quarter behind Alibaba's. Ant declined to comment.</p>\n<p>The tally underscores the earnings powers Ant boasted before authorities demanded China's largest fintech company fold its financial business into a holding company, curtailing its growth prospects.</p>\n<p>Regulators have issued a battery of proposals that threaten to curb Ant's dominance in online payments and scale back its expansion into consumer lending and wealth management.</p>\n<p>While Chairman Eric Jing has promised staff that the company will eventually go public, it's likely to be worth much less than before the crackdown that saw the IPO halted in November.</p>\n<p>Fidelity Investments halved its valuation estimate for Ant to about US$144 billion in February, compared with US$295 billion assigned in August.</p>\n<p>Ant isn't alone in facing the clampdown. The government imposed wide-ranging restrictions on the financial divisions of 13 companies including Tencent Holdings and ByteDance.</p>\n<p>Units of JD.com Inc., Meituan and Didi Chuxing were also among companies summoned to a meeting where regulators handed out stricter compliance requirements in April.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jack Ma's Ant posted 21.8b yuan profit after IPO halt</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJack Ma's Ant posted 21.8b yuan profit after IPO halt\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/garage/jack-mas-ant-posted-218b-yuan-profit-after-ipo-halt><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[SHANGHAI] Ant Group's profit rose to 21.8 billion yuan (S$4.54 billion) in the December quarter after Chinese regulators thwarted its record initial public offering and told it to scale back its ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/garage/jack-mas-ant-posted-218b-yuan-profit-after-ipo-halt\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"06688":"蚂蚁集团","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.businesstimes.com.sg/garage/jack-mas-ant-posted-218b-yuan-profit-after-ipo-halt","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100135820","content_text":"[SHANGHAI] Ant Group's profit rose to 21.8 billion yuan (S$4.54 billion) in the December quarter after Chinese regulators thwarted its record initial public offering and told it to scale back its sprawling business.\nBillionaire Jack Ma's fintech giant contributed nearly 7.2 billion yuan to Alibaba Group Holding's earnings, a company filing showed on Thursday.\nBased on Alibaba's one-third stake in Ant, that translates to 21.8 billion yuan in profit, up 50 per cent from 14.5 billion yuan in the previous three months. Ant's earnings lag one quarter behind Alibaba's. Ant declined to comment.\nThe tally underscores the earnings powers Ant boasted before authorities demanded China's largest fintech company fold its financial business into a holding company, curtailing its growth prospects.\nRegulators have issued a battery of proposals that threaten to curb Ant's dominance in online payments and scale back its expansion into consumer lending and wealth management.\nWhile Chairman Eric Jing has promised staff that the company will eventually go public, it's likely to be worth much less than before the crackdown that saw the IPO halted in November.\nFidelity Investments halved its valuation estimate for Ant to about US$144 billion in February, compared with US$295 billion assigned in August.\nAnt isn't alone in facing the clampdown. The government imposed wide-ranging restrictions on the financial divisions of 13 companies including Tencent Holdings and ByteDance.\nUnits of JD.com Inc., Meituan and Didi Chuxing were also among companies summoned to a meeting where regulators handed out stricter compliance requirements in April.","news_type":1,"symbols_score_info":{"688688":0.9,"06688":0.9,"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":339,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["HOPE"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":20,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/196428715"}