Ant Group is one of the biggest private companies in the world. And it was about to go public in a dazzling, record-setting debut. Until it couldn’t. And then suddenly things went very wrong very fast.
There have been a lot of news that the Ant IPO would be delayed for over a year, which goes to say a whole lot about the level of reforms that the government thinks the company needs.
The key regulation has to do with Ant’s super-profitable micro-lending platform. The way it is set up right now, it mints money. China is about to chop it down to size.
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A Closer Look at Ant Group’s Micro-loans
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A Closer Look at Ant Group’s Micro-loans
ant financial l?a d?o
See all the latest ways to make money online: See more here
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How do you cover ALL the topics I am interested in!?!
Very glad the government cut that down. Hopefully the public will realize the high interest rate and the debt trap Ant group will provide.
Hi thanks for introducing that! Is there any English transcript that you can share? What is your website? Thanks
I think it would be interesting hear your thoughts on China's money supply (as in M1/M2/M3), and its reserves. Knowing the Chinese Communist Party reputation, how can their central bank numbers ever be trusted? How much can the (fiat and gold) reserves of Chinese private banks even be trusted?
When financial education is low (and regulations lax), the predatory lenders move in. It's a story as old as time.