Inside China Tech: Alibaba weighs Ant impact while 5G struggles to gain ground

//Inside China Tech: Alibaba weighs Ant impact while 5G struggles to gain ground

Inside China Tech: Alibaba weighs Ant impact while 5G struggles to gain ground

Online sales resilientE-commerce giant Alibaba Group is reviewing its next moves after China’s regulators halted the public listing of affiliate Ant Group this week, a setback that cast a shadow on the company’s strong financial results in the quarter ended September 30, wrote Jane Zhang and Minghe Hu.“As Ant Group’s major shareholder, Alibaba is actively evaluating the impact on our business and our response to the recent proposed change in the fintech regulatory environment,” said Daniel…

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By | 2020-11-06T22:00:05+00:00 November 6th, 2020|Technology|Comments Off on Inside China Tech: Alibaba weighs Ant impact while 5G struggles to gain ground