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BBVA and Alibaba Affiliate Ant Group to Work on Integration of Financial Services via DLT based Trusple

BBVA and Alibaba affiliate Ant Group entered agreement to work on integration of financial services via DLT based Trusple. ....

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pablo lopez tallada - All news and posts by Crowdfund Insider

Pablo lopez tallada: . ⭐ Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more. ....

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Hubert Horan: Can Uber Ever Deliver? Part Twenty-Five: Didi's IPO Illustrates Why Uber's Business Model Was Always Hopeless

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Five: Didi's IPO Illustrates Why Uber's Business Model Was Always Hopeless
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China slaps Alibaba a record £2.0 billion fine on anti-monopoly violations.

The tech giant s cloud division turned profitable for the first time in fiscal Q3.
The NYSE-listed shares of Alibaba closed more than 0.5% down on Friday.
China fined its eCommerce giant Alibaba Group Holding Ltd (NYSE: BABA) a record £2.0 billion on Saturday after an investigation found it in breach of the anti-monopoly regulations. The investigation concluded that Alibaba has, for several years, abused its dominant position in the market, resulting in a fine that translates to 4% of its domestic revenues in 2019.
The NYSE-listed shares of Alibaba closed the regular session more than 0.5% down at £162.90 per share on Saturday. In comparison, the Chinese multinational technology company had started the year 2021 at a per-share price of £166.21 after touching a high of £197.56 per share in the third week of February. ....

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Ant Group Investors In Indefinite Limbo After Chinese Government Turns On Company

Ant Group Investors In Indefinite Limbo After Chinese Government Turns On Company
02/09/21 AT 3:41 PM
The Ant Group was supposed to be a safe bet for investors, but after Jack Ma angered the Chinese government they find themselves locked into an investment that won’t pay off any time soon. Without any legal way to pull out of the 2018 contract, they’re forced to sit on the investment and hope it pans out, the Wall Street Journal reported Tuesday.
The Ant Group specialized in financial tech, and with control of the popular Alipay went into 2018 fundraising negotiations as one of the hottest commodities on the market. That status raised $14 billion in investments under terms that heavily favored the company. ....

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