BLOCKBUSTER ANT GROUP IPO AHEAD — PARTIALLY OWNED BY CHINA’S AMAZON
Ant Group IPO will be a blockbuster. The big news is that Ant Group has won approval for the Hong Kong’s listing of the IPO from the Chinese government. The IPO will also be listed in Shanghai. The U. S. based investors are familiar with payment processors such as PayPal (PYPL) and Square (SQ). The U. S. investors may have never heard of Alipay. Alipay may turn out to be a better investment than PayPal or Square. Alipay is owned by Ant Group. Ant Group in turn is 33% owned by Alibaba (BABA). Alibaba is often called the Amazon (AMZN) of China.… Please click here or the title below to read more.
October 19, 2020