Remove eCommerce Remove Planning Remove Restructuring Remove Valuation
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China’s Ant Group Mulling Creation Of New Consumer Loan Unit

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Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. Ant was co-founded by billionaire Jack Ma, who also co-founded eCommerce giant Alibaba. Ant Group had $263 billion in outstanding consumer loans as of June 2020. China TransInfo Technology Corp.

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Uber’s Rough Ride Of A Week

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a share, a price that would decrease Uber’s $60 billion valuation by 30 percent. But, facing widening losses, Uber may prefer to take the haircut (and the corporate restructuring that goes with it) as it tries to get back on track for 2018. billion in funding. Cyber Grinch: What’s a holiday season without stress?