Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

Ant Group’s Valuation Seen Dropping to $108 Billion on Crackdown
Published on: 2021-01-22
Share to
User Rating: / 0
PoorBest 

Ant Group Co.’s valuation may be cut further under new measures proposed by China to curb market concentration in its online payments market, according to new estimates from Bloomberg Intelligence.
 

Jack Ma’s fintech giant may be worth less than 700 billion yuan ($108 billion) under the draft proposals, which could reduce the value of Ant’s Alipay service by half, according to senior analyst Francis Chan. Earlier this month, Chan lowered his Ant valuation to less than 1 trillion yuan, from about 1.44 trillion yuan.
 

”Ant Group’s valuation may plunge further if its payment unit is forced to break up due to potential anti-trust probes by China’s central bank,” Chan wrote in a research note.
 

The revised estimate for Ant is a far cry from valuations that ran as high as $320 billion before the company was forced to scrap its record initial public offering in November. China’s crackdown forced Ma’s firm to withdraw the $35 billion IPO just days before its planned listing in Hong Kong and Shanghai.
 

China’s central bank said on Wednesday that any non-bank payment company with half the market share for online transactions, or two entities with a combined two-thirds share could be subject to antitrust probes.
 

If a monopoly is confirmed, the central bank can suggest the cabinet impose restrictive measures including breaking up the entity by its business type. Firms already with payment licenses would have a one-year grace period to comply with the new rules, the central bank said.
 

Alipay, with about 1 billion users, controls 55% of the mobile payments market. A break up could reduce its 600 billion yuan valuation in half, Chan said, adding it’s questionable whether Ant can relaunch its IPO this year.
 

蚂蚁集团估值暴跌至1080亿美元

1月21日消息,根据彭博情报的最新分析,蚂蚁集团的估值可能会进一步下调。
 

彭博情报高级分析师弗朗西斯•陈(Francis Chan)预计,蚂蚁集团旗下支付宝服务的估值可能会减少一半,这将导致蚂蚁集团的估值不到人民币7000亿元(约合1080亿美元)。
 

本月初,该分析师曾把蚂蚁集团的估值从约人民币1.44万亿元下调至不到人民币1万亿元。弗朗西斯•陈表示:“如果被迫分拆支付部门,蚂蚁集团的估值可能会进一步暴跌。”
 

彭博情报对蚂蚁集团的最新估值,较该公司去年11月被迫取消创纪录的首次公开募股前高达3200亿美元的估值暴跌了66%。

Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2024 BusinessTianjin.com. All rights reserved.