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by powerapple
1900 days ago
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There was a statement after Ant IPO incident that the government ask Ant to have 30% in reserve for all the loans it is making, basically the whole business model of Ant would change. I would think it will never be the same for Ant, the valuation has changed forever now. Ant marketed itself as a technology companies, this regulation however ask Ant to register as a financial company. |
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