![]() ![]() While announcing the list, the USTR said, “This includes identifying for the first time AliExpress and the WeChat e-commerce ecosystem, two significant China-based online markets that reportedly facilitate substantial trademark counterfeiting.”Īlibaba’s US listing has itself been under scrutiny. The USTR added Alibaba sites to its list of “notorious markets” which allegedly sell or facilitate the sale of counterfeit products. While it has been targeted by China, US authorities have also been clamping down on the company. BABA is facing pressure in the US alsoįor BABA stock, it has been a perfect storm. SoftBank sold 20 million Alibaba shares last quarter and Goyal believes more share sales are coming this year. Jefferies analyst Atul Goyal estimates that Softbank would need to raise between $40-$45 billion this year as it ramps up share buybacks and also invests in startup companies. ![]() While SoftBank said that the share sale facility is not linked to its plans to sell BABA shares, the company might eventually need to sell shares to raise cash. Many saw it as a sign that SoftBank was looking to pare its stake in the Chinese e-commerce giant. SoftBank suffered another setback after Nvidia called off the deal to acquire Arm Holdings amid the regulatory hurdles in the UK.Įarlier this month, Alibaba registered a share sale facility in the US. Didi stock plunged after China asked it to delist from the US markets. ![]() It owns significant stakes in several Chinese companies including Alibaba and Didi. Japanese venture capital company SoftBank has been among the worst affected by China’s crackdown. While BABA has been trying to buy peace with the Chinese government, it continues to be targeted by the authorities as is visible in the latest orders against Ant Financial. The investment, which would be completed by 2025, comes amid the push by the Communist government to address the growing wealth inequality in the country. Alibaba had announced that it would invest $15.5 billion by 2025 to promote common prosperity in China. Last year, Alibaba paid a record $2.8 billion fine to the Chinese government to address the antitrust case. Post that, not only was the IPO of Ant Financial blocked by the Chinese government but Ma himself wasn’t seen in public for months. BABA’s co-founder Jack Ma had made critical comments about the country’s financial system in 2020. Just like GameStop and AMC Entertainment were the poster boys of the meme stock trade in the US, Alibaba was at the forefront in China’s tech crackdown. the $320 billion level targeted in the 2020 IPO.” Alibaba has been at the forefront of China’s tech crackdown Others have an even lower valuation for Ant Financial and Fidelity Investments lowered the valuation to $78 billion last year.Īccording to Bloomberg Intelligence, “Beijing’s call for China’s banks to check their exposures to Jack Ma’s unlisted Ant Group may jeopardize the company’s ties with financiers for its online-loan business, with our scenario analysis suggesting its valuation could plunge to $63 billion vs. ![]() Rowe Price has put the valuation at $189 billion. BlackRock values the fintech giant at $174 billion while T. Meanwhile, amid China’s tech crackdown, Ant Financial’s valuations have plunged. 68% of all retail investor accounts lose money when trading CFDs with this provider. ![]()
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