FINANCE: SOEs Squash Ant Financial Valuation

Jay OwenWealth of Networks

                                                         DAILY NEWSLETTER

                                                          March 2, 2015

FINANCE: SOEs Squash Ant Financial Valuation  

Yet another report has come out about an ongoing private placement by Ant Financial, saying the financial services affiliate of e-commerce giant Alibaba (NYSE: BABA) is now planning a domestic ipo in 2017. That’s a little later than was indicated in previous reports, which were probably a little too optimistic about a company whose various businesses are mostly less than 2 years old.

TELECOMS: Xiaomi, Other Upstarts Skip Barcelona Telecoms Fest  

I’m in Barcelona this week for what has become the world’s biggest annual telecoms show, and thought I’d kick off my coverage with a look at who is attending from china this year. The list contains most of the big names you’d expect, including Huawei, ZTE (HKEx: 763; Shenzhen: 000063) and Lenovo (HKEx: 992), though Lenovo has decided to keep its name off the “made in China” list and is opting to call itself a US company.

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