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Fidelity Halves Ant Group Valuation As Beijing s Big Tech Crackdown Continues

by Tyler Durden Monday, May 03, 2021 - 07:00 AM President Xi made clear during a speech earlier this year that he wouldn t allow rictures in China s domestic capital markets, or the pressure of international investors, to shake the CCP s drive to curb the power of China s biggest tech giants. And so it is just weeks after Beijing forced Ant Group to apply to become a bank holding company, WSJ reports that Fidelity, one of the world s largest institutional investors, is now valuing its investment in Ant at a 50% loss. Three years ago, Fidelity was among a small group of foreign investors allowed to purchase a stake in Ant - a financial firm that got its start as an affiliate company of Alibaba and is still controlled by Alibaba founder Jack Ma.

Treasures of Judaica From the Sassoon Family Collection

Treasures of Judaica From the Sassoon Family Collection Torah shields, Hanukkah lamps and other items owned by a celebrated family from Baghdad will be auctioned at Sotheby’s next week. Front and back views of a Torah shield made by a Jewish artisan in Ukraine in the 18th century. The shield, part of the Sassoon family collection, is signed by its creator, Elimelekh Tzoref of Stanislav. Photo: Sotheby s By J.S. Marcus Dec. 11, 2020 2:00 pm ET The Sassoon family, a commercial and financial dynasty of Baghdadi Jewish origin, cut a globalized path through the 19th and early 20th centuries on a scale remarkable even by today’s standards. The family did business everywhere from British India to pre-Communist Shanghai, while putting down roots in Britain. They were also prodigious collectors of Jewish ritual objects and manuscripts. On Dec. 17, key pieces of Judaica owned by members of the Sassoon family will be auctioned

文汇: 国家需要你,你肯定要好好干! 这位复旦教授今天告别人世,她曾隐姓埋名参加我国第一颗原子弹研制

文汇: 国家需要你,你肯定要好好干! 这位复旦教授今天告别人世,她曾隐姓埋名参加我国第一颗原子弹研制
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