Ant Group Announces Surprise Share Buyback, Valued at $78.5 Billion, Following Regulatory Crackdown in China
07/10 06:50
Ant Group, the blockchain technology branch under Alibaba, has announced a share buyback that values the company at $78.5 billion, significantly lower than the $315 billion valuation in its abandoned IPO in 2020. This move may allow some investors to exit.
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