$BABA-W (09988.HK)$Is this a downfall? Many institutions see the above as a sign of Ant Group's regulatory rectification summary that will begin at the end of 2022. If Ant Group can successfully complete the regulatory rectification, its IPO may take place as early as the second half of this year. In the past two days, Ali's stock price also came out ahead of schedule. It rose sharply yesterday. I saw many brothers in the comments section spreading that Ant was good.
However, my personal feeling is that we still need to pay attention to the risks. The news came out last Friday, and now the hype is a bit strange. This is a huge benefit. $Alibaba (BABA.US)$Last night, the trend was higher and lower, and the upward momentum was insufficient.
The Chongqing Banking Insurance Regulatory Bureau approved Chongqing Ant Consumer Finance Company's plan to raise capital from 8 billion yuan to 18.5 billion yuan. Ant Group can raise 10.5 billion yuan for its consumer division.
In addition to this new investment, Ant Group will hold 50% of the shares; Hangzhou State-owned Enterprise Hangzhou Financial Investment Digital Technology Group Co., Ltd. holds 10% of the shares; Nanyang Commercial Bank, Zhejiang Shunyu Optics, Transanhua Intelligent Link Co., Ltd., and Jiangsu Yuyue Medical will hold 6.491%, 6%, 5.01% and 4.99% of the shares respectively.