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Fidelity Halves Its Ant Group Valuation After Beijing’s Clampdown

Por: The Wall Street Journal Tech May 04, 2021

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U.S. mutual-fund giant Fidelity Investments has drastically changed its view of what Jack Ma’s Ant Group Co. is worth after China’s regulatory crackdown on the financial-technology giant severely dented its growth prospects. The Boston-based asset manager, which was among that bought into Ant three years ago, marked Ant shares in several of its funds at prices that implied a $144 billion valuation for the company at the end of February,... + full article



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