Comments by "D W" (@DW-op7ly) on "Think School" channel.

  1. They were going after Jack Ma back when he was just about to do his ANT financial IPO. Before he said anything....Which would have been the largest IPO in history That's because China is on a Common Prosperity push these last few years, and cracking down on overt displays of wealth around the time of the Ma crackdown. That's because China still expects a few hundred million rural folk to move to the cities But that wasnt going to happen with property developers building higher end homes and not affordable housing these rural migrants will need. Example in 2008 around 70% of the people in the Chinese real estate markets were buying their 1st "big" city home By 2018 around 70% of the people in the Chinese real estate markets were buying their 2nd or 3rd "big" city home I guess their leaders figured you disenfranchise the people at the bottom of your society? They are the ones most likely to act out in protest. I'm sure the Indian Government will follow suit with your Dalits
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  2. Ant Group to raise $34.5 billion, valuing it at over $313 billion, in biggest IPO of all time. Ant Group would raise $34.5 billion in its dual initial public offering after setting the price for its shares on Monday, making it the biggest listing of all time.Oct 26, 2020 Ant Group to raise $34.5 billion in the biggest IPO of all time - CNBC
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  3. China postpones Ant’s colossal IPO after closed-door talk with Jack Ma •November 3, 2020 The proposal was just the latest move in China’s ongoing effort to bring stability to its flourishing fintech sector. The draft rules include a ban on interprovincial online loans unless otherwise approved by authorities; a maximum online loan amount of 300,000 yuan ($45,000) for each individual; and a 1 billion yuan registered capital threshold for online microloan lenders. At issue is Ant’s ballooning lending business, which contributed 41.9 billion yuan or 34.7% to its annual revenue, according to the firm’s IPO prospectus. In the year ended June 30, Ant had worked with about 100 banks, doling out 1.7 trillion yuan ($250 billion) of consumer loans and 400 billion yuan ($58 billion) of small business loans. Over the years, China’s financial regulators have dropped numerous other policies limiting the expansion and profitability of fintech players. For instance, Ant’s payments service Alipay and its rivals could no longer generate lucrative interest returns from customer reserve funds starting last year. Tech Crunch
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