Fidelity slashes Ant valuation after Chinese regulatory crackdown
Boston-based fund manager has halved its valuation of businessman Jack Ma’s Ant Group to about $144bn
04 May 2021 - 20:38
Fidelity Investments halved its valuation estimate for Ant Group after a Chinese regulatory crackdown on the fintech giant, joining other global fund managers in cutting estimates for Ant’s worth.
The Boston-based money manager lowered the implied valuation for Ant to about $144bn at the end of February, compared with a $295bn value assigned in August, according to US filings...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.