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Ant Plans Buyback at 70% Lower Valuation Than at IPO 10 месяцев назад


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Ant Plans Buyback at 70% Lower Valuation Than at IPO

Ant Group Co. is proposing to buy back as much as 7.6% of shares in an effort to retain talent and provide a chance to cut stakes for investors. This comes after the People’s Bank of China's announcement on Friday that financial regulators fined Ant 7.12 billion yuan ($984 million), wrapping up more than two years of probes into the finance technology firm founded by billionaire Jack Ma. Annabelle Droulers reports on Bloomberg Television. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness  

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