What people are saying about Ant Group's $984 million fine and share buyback

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China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit.The announcement came after China's financial regulator on Friday fined the Alibaba Group affi

Singapore News, Singapore Headlines

China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit.

"The major pressure that a lot of these companies have been facing is really this bad sentiment. There are a few things that have changed from last Friday. The first is that some companies have been fined a significant amount but I think that offers, like a certain comfort to the market that possibly this regulatory tightening is actually getting to the end or basically cannot be worse than before.

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