Friday, July 1, 2022
News24xx
Advertisement
  • News
  • Crime
  • Politics
  • Business
  • Culture
  • Opinion
  • Advertorial
  • Gallery
No Result
View All Result
News24xx
  • News
  • Crime
  • Politics
  • Business
  • Culture
  • Opinion
  • Advertorial
  • Gallery
No Result
View All Result
News24xx
No Result
View All Result
Home Tak Berkategori

The Jack Ma Ant Group reported a profit of $ 3.5 billion in the six months of Loom’s initial public offering

21 August 2020
ArgabyArga
The Jack Ma Ant Group reported a profit of $ 3.5 billion in the six months of Loom’s initial public offering
Share on FacebookShare on Twitter
https://swastikaadvertising.com/

The results show just how profitable the Chinese fintech giants are as they prepare for mega-offerings
The Chinese fintech giant, backed by billionaire Jack Ma,
a subsidiary of the ant group has raised nearly $ 3.5 billion over the past six-month period,
demonstrating just how profitable the company’s business is as it prepares for a massive initial public offering.

Financial results released Thursday by The Jack Ma Alibaba Group Holdings Ltd.,
Alibaba -1.01% holding a 33% stake in Ant,
Showed that the soon-to-be listed company had a profit of 9.2 billion yuan ($ 1.3 billion).
All three. From March to March, and about 15.5 billion yuan ($ 2.2 billion) in the December 2019 quarter.

You might also like

DLHK Riau Amankan Satu Unit Ekskavator Perambah Hutan di Inhu

Kisah Tragis Penyanyi Ditembak Suami di Restoran, Terungkap Dugaan Sebabnya

Guna Lawan Rusia, Warga Ukraina Patungan Rp 301 Miliar Beli 4 Drone Bayraktar

Ant uses a mobile payment network that is hugely popular by more than 900 million people in China to pay bills,
use public transportation, and wholesale shopping, both online and in physical stores.
The company also provides a variety of financial services to millions of companies in the country.

It provides technology to financial institutions and other organizations and
sells financial products to many individuals, including mutual funds and insurance policies.

Jack Ma
Pic From Google

The Hangzhou-based company, which valued at $ 150 billion in a round of privatization in June 2018,
said last month that it plans to simultaneously offer a public offering on the Hong Kong and Shanghai exchanges.
The joint offering may be one of the largest in history and
will be nearly six years after the record-breaking $ 25 billion IPO of Alibaba.

Alibaba, which added its second entry in Hong Kong last year,
announces financial results using GAAP in the United States,
so the ant’s earnings numbers may differ from the existing eggs whose future listings will be disclosed in the prospectus.

The Wall Street Journal reported earlier that the ants are aiming for an IPO for a market cap
of more than $ 200 billion. This will make it more valuable than Goldman Sachs Group Inc.
And keep it close to PayPal Inc., Which recently exceeded $ 220 billion in market
capitalization after a massive increase in stock prices this year.

The first quarter is usually a seasonally weak period for ants as business activity slows down
during the country’s Lunar New Year holidays.

Those months are included in several cities in China to stop the spread of Coronavirus
in the country from three months until March 2020. During this period,
many businesses going shut down, and people largely confined to their homes, and spending was limited as a result.

However, Ant’s first-quarter earnings were 500% higher than the same period last year, according to Alibaba filings. The company did not cite any reason for the year-on-year increase.

Tags: Amazingant groupChinaEconomyfintechgreatInvestmentIPOjack maLoommoney

Trending Topic

No Content Available

Related Post

Setubuhi Pacar Lalu Kabur, Pemuda di Serang Diamankan Polisi

Bejat, Kakek Bau Tanah Ini Cabuli Bocah Diatas Motor

by Riko
28 June 2022
0

Seorang kakek di Bukittinggi, Sumatera Barat (Sumbar) ditangkap polisi. Pri paruh baya berinisial ER (67) ini ditangkap diduga melakukan aksi...

Kalah Main Kripto, Bule Rusia Nekat Curi Motor di Bali

Kalah Main Kripto, Bule Rusia Nekat Curi Motor di Bali

by Riko
30 June 2022
0

Seorang bule asal Rusia, Georgi Razhin (31) ditangkap polisi. Pelaku ditangkap karena nekat melakukan pencurian sepeda motor di Bali. Georgi...

Peras ABG, Polisi Gadungan Ini Diciduk Polisi

Peras ABG, Polisi Gadungan Ini Diciduk Polisi

by Riko
29 June 2022
0

Satuan Reserse Kriminal Polsek Tigaraksa membekuk seorang pria yang mengaku polisi gadungan di kecamatan Tigaraksa, Kabupaten Tanggerang. Adapun modus pelaku...

Kendarai Motor Sambil Cari Alamat Dengan Google Map, Warga Pacitan Tewas Tertabrak Mobil

Mahasiswi PPL Ditemukan Tewas Usai Loncat dari Lantai 6, Diduga Ingin Bunuh Diri

by Riko
29 June 2022
0

esosok mayat wanita ditemukan tewas mengenaskan di samping gedung Graha Pena, Jalan Urip Sumohardjo, Kota Makassar, Sulawesi Selatan. Wanita tersebut...

Rudapaksa Anak Dibawah Umur di Tempat kerja, Pelaku Digiring Polisi

Rudapaksa Anak Dibawah Umur di Tempat kerja, Pelaku Digiring Polisi

by Almi Fitri
24 June 2022
0

Diduga lakukan pencabulan terhadap seorang gadis usia 17 tahun. DL, seorang pria yang tinggal di salah satu Ruko Jalan Sei...

Jamaah Calon Haji Indonesia Ditabrak Mobil Di Mekkah, Korban Alami Patah Tulang

Jamaah Calon Haji Indonesia Ditabrak Mobil Di Mekkah, Korban Alami Patah Tulang

by Riko
27 June 2022
0

Sarjaka Ngadiman Nitikrama mengalami patah tulang setelah ditabrak mobil di Mekkah saat menjalani ibadah haji. Calon jamaah haji Indonesia itu...

Browse by Category

  • Advertorial
  • Advertorial Indragiri Hilir
  • Advertorial Siak
  • Bengkalis
  • Business
  • Crime
  • Culture
  • Entertainment
  • Fashion
  • Food
  • Gallery
  • Health
  • Hukum
  • Indragiri Hilir
  • Indragiri Hulu
  • International
  • Kampar
  • Kuantan Singingi
  • Lifestyle
  • National
  • News
  • Opinion
  • Pekanbaru
  • Politics
  • Riau
  • Rokan Hilir
  • Rokan Hulu
  • Siak
  • Sports
  • Tak Berkategori
  • Tour de Siak
  • Travel
  • World

Browse by Tags

Aceh advertorial bali Bengkalis Binomo BTS celebrity coronavirus Covid-19 crime entertainment health india indonesia Indra Kenz inhil international Jakarta jambret Kampar KKB Korupsi KPK Kuansing narkoba national Papua Pekanbaru pembunuhan pemerkosaan pencabulan Penganiayaan Polda Riau polisi Polri riau Rohil Rohul sabu siak Syafri Harto technology Tewas UNRI Viral
Next Post

Thieves Broke Into a Ninja Museum in Japan, Stole More Than a Million Yen

News24xx

CATEGORIES

news | crime | politics | business | culture | opinion | advertorial | gallery
INFORMATION

Redaksi | Tentang Kami | Kontak | Pedoman Media Siber
OUR NETWORK

riau1.com | riau24.com | news24.co.id | holidayayo.com

© 2021 News24xx - Berita Terbaru Terkini Hari Ini.

No Result
View All Result
  • Home
  • News
  • Crime
  • Politics
  • Business
  • Culture
  • Opinion
  • Advertorial
  • Gallery

© 2021 News24xx - Berita Terbaru Terkini Hari Ini.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?