Y Combinator’s Garry Tan Goes to the MatRead more

Briefing

Jack Ma’s Ant Group Could See Its Value Tumble to $29 Billion

By
Shai Oster
· · Source: Bloomberg

Bloomberg estimates that Jack Ma’s humbled online financial services platform, Ant Group, which has been forced to restructure after regulators killed its IPO last year, could be worth only $29 billion – far less than the $320 billion it had been estimated to be worth if it had gone public. That estimate is based on Ant Group, the financial affiliate of e-commerce giant Alibaba, being valued...

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