Heard on the Street: Ant may never claw its way back to the lofty valuation it commanded in late 2020—but that doesn’t mean it, and its sibling Alibaba, can’t start growing again
China’s fintech giant Ant Group seems to be finally crawling out of Beijing’s regulatory purgatory. That will lift sentiment on the Chinese tech sector—though investors still need to grapple with the industry’s changed landscape.
More regulation and slower growth than in the pre-crackdown days will still be the norm, but the combination of a less actively hostile central government and a recovering Chinese consumer sector in mid-2023 seem very likely to boost both shares and earnings.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pennsylvania man pleads to charge in coffee shop fire amid 2020 protestsA man accused of setting fire to a northwestern Pennsylvania coffee shop during 2020 demonstrations following the death of George Floyd has pleaded guilty to a federal charge of malicious destruction of property by fire.
Read more »
San Diegans protesting Iran honor 176 killed in 2020 Ukrainian International Airlines flightSunday marks three years since a flight from Iran to Ukraine was shot down by Iranian anti-aircraft missiles. Now, public executions continue in Iran amid protests for human rights.
Read more »
Reward offered for information in shooting death of 15-year-old Columbus boy in 2020Dawaun Lewis-Taylor, 15, was found shot on the city's Northeast Side on Sept. 29, 2020. His death remains unsolved and a reward is being offered.
Read more »
A Houston woman started a dyslexia school in her garage. Parents say it's helping their kids learn.Tammy Spencer launched the Dyslexia School of Houston in 2020 from her own garage as...
Read more »
Man pleads guilty to setting fire to Pennsylvania coffee shop during 2020 George Floyd protestMelquan Barnett pleaded guilty to setting fire to a Pennsylvania coffee shop during the George Floyd protests. No one was injured in the coffee shop fire.
Read more »