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Арх Иван Шишков: Държавата строи незаконно в изключително големи размери
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Арх Иван Шишков: Държавата строи незаконно в изключително големи размери
actualno.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from actualno.com Daily Mail and Mail on Sunday newspapers.
Ant leapfrogs banks to top China fund sale rankings Reuters 2 hrs ago By Andrew Galbraith and Samuel Shen © Reuters/ALY SONG FILE PHOTO: A sign of Ant Group is seen during the World Internet Conference in Wuzhen (In third paragraph, clarifies amount is outstanding fund value at quarter-end, not sales in the quarter)
By Andrew Galbraith and Samuel Shen
SHANGHAI (Reuters) -Alibaba affiliate Ant Group became China s largest seller of non-money-market mutual funds in the first quarter, industry data showed, disrupting a market dominated by banks despite a regulatory crackdown.
Ant and Alibaba are being targeted by Beijing s anti-monopoly campaign. Regulators have urged Ant to reduce the size of Yu ebao, China s biggest money market fund managed by Ant-controlled mutual fund house Tianhong.
Ant leapfrogs banks to top China fund sale rankings
By Andrew Galbraith and Samuel Shen
Reuters
By Andrew Galbraith and Samuel Shen
SHANGHAI (Reuters) -Alibaba affiliate Ant Group became China s largest seller of non-money-market mutual funds in the first quarter, industry data showed, disrupting a market dominated by banks despite a regulatory crackdown.
Ant and Alibaba are being targeted by Beijing s anti-monopoly campaign. Regulators have urged Ant to reduce the size of Yu ebao, China s biggest money market fund managed by Ant-controlled mutual fund house Tianhong.
Outstanding non-money-market mutual funds sold by Ant s fund sales arm were worth 890.1 billion yuan ($138.23 billion) at the end of the first quarter of 2021, according to data released late Thursday by the Asset Management Association of China (AMAC).
Despite Regulatory Clampdown, Ant Group Posted $3.4 Billion Profit
May 14, 2021 | by Samuel Nwite |
Ant Group Co.’s profit rose to $3.4 billion in the December quarter after Chinese regulators thwarted its record initial public offering and told it to scale back its sprawling business, reported Bloomberg.
Billionaire Jack Ma’s fintech giant contributed nearly 7.2 billion yuan to Alibaba Group Holding Ltd.’s earnings, a company filing showed Thursday. Based on Alibaba’s one-third stake in Ant, that translates to 21.8 billion yuan ($3.4 billion) in profit, up 50% from 14.5 billion yuan in the previous three months. Ant’s earnings lag one quarter behind Alibaba’s.
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