That is how much Alibaba CEO Jack Ma led Ant Group was valued in October 2020 before its failed IPO. At that valuation, it was worth more than the GDP of Egypt, Chile or Finland, 3x bigger than tech giant IBM Corp. and 4x larger than Goldman Sachs Group Inc. In a worst case situation, Bloomberg Intelligence sees Ant’s value falling to $29 billion with Beijing’s ongoing scrutiny of the country’s biggest tech companies.
Shreesha writes about Business, Finance and Tech for The Snippets Journal. He is also the Founder and Head of Content Development.Articles: 192