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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlibaba and Ant Group growth rates will be 'significantly restricted,' financial holdings firm saysRonald Wan of Partners Financial Holdings says both companies' valuations will be "kind of limited."
Persons: Ronald Wan Organizations: Ant, Partners Financial Holdings
"We calculate that Ant Group would be worth $89 billion~ of which Alibaba's stake is $29.4 billion~ given their 33% ownership in Ant Group. We suggest such valuation presents upside from consensus," said Yang, referring to Bloomberg's valuation of Ant Group at just $22 billion to $57 billion. "In our view, [Bloomberg's] valuation range is too low, as Ant Group is comparable to PayPal. On Saturday, Ant Group announced a share buyback that values the company at $78.53 billion, according to state media CGTN. This is lower than Ant's $315 billion valuation when it tried to list in 2020.
Persons: Qilai Shen, Alibaba, Ronald Wan, CNBC's, Wan, Shawn Yang, Ant, Yang, Kumarasiri Organizations: Bloomberg, Getty, LightStream Research, Partners Financial Holdings, Ant, Blue Lotus Research, Ant Group, PayPal, Group Locations: Hong Kong, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTravel outlook: Bank holding company discusses why many Chinese are staying homeRonald Wan, non-executive chairman at Partners Financial Holdings, says that could be the result of delays in issuing new passports, among other factors.
Persons: Ronald Wan Organizations: Bank, Partners Financial Holdings
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