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China Imposes Bln-Dollar Fines On Ant Group, Tencent Amid Regulatory Crackdown

(RTTNews) - In a significant development, China has imposed fines exceeding $1 billion on tech giants Ant Group Co. and Tencent Holdings Ltd., sig.

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Alibaba ADRs Soared with China Ending Tech Crackdown

Alibaba ADRs Soared with China Ending Tech Crackdown
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Ant Group to buy back shares as China ends crackdown

The buyback valuation is almost 70% lower than the $280B market cap Ant fetched in 2020 for its scrapped IPO.

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China Ends Probe of Ma-Backed Ant With $984 Million Fine

(Bloomberg) Chinese regulators imposed more than $1 billion in fines on tech giants Ant Group Co. and Tencent Holdings Ltd., signalling an end to a crackdown on the sector that had wiped out billions in market value and derailed the world’s biggest initial public offering.Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalMeta’s Threads App Draws Millions Seeking a Twitter AlternativeStocks Stumble as Traders Turn to Payroll Data: Markets WrapMusk Ultimatum t

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China ends probe of Ma-backed Ant with $984 million fine

China ends probe of Ma-backed Ant with $984 million fine
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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