70% DOWNGRADE | New Regulation | Monopoly Confirmed [Alibaba Stock]
China has released a new draft law for non-bank financial institutions. Bloomberg sees this as a reason to cut the Ant valuation by 70%! We look at the actual draft legislation text and analyse what it means for the Alibaba stock, Tencent and the 2nd Ant IPO.
Link to draft law: https://baijiahao.baidu.com/s?id=1689403659466542136&wfr=spider&for=pc
China has released a new draft law for non-bank financial institutions. Bloomberg sees this as a reason to cut the Ant valuation by 70%! We look at the actual draft legislation text and analyse what it means for the Alibaba stock, Tencent and the 2nd Ant IPO.
Link to draft law: https://baijiahao.baidu.com/s?id=1689403659466542136&wfr=spider&for=pc
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