Alibaba hit by the regulator

By: Miguel A. Rodriguez

10:44, 05 November 2020

Ant's IPO fiasco set to clip its wings and dent its value.
  • China’s surprise suspension of Ant Group’s record $37 billion listing is likely to dent the financial technology giant’s valuation and growth prospects.
  • The price of Bitcoin seesawed amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong.
  • Wall Street’s main indexes surged as investors bet that an excruciatingly close race for the White House could end with gridlock in Congress.

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.