If JD Tech Is Getting Back on IPO Track, Could Ant Group Be Next?

China’s securities regulator is reported to be taking another look at JD Technology’s IPO application and might approve the listing at the end of the year. The market thinks Alibaba’s Ant Group may also be getting close to reviving its IPO Key Takeaways: Reports are circulating that Chinese securities regulators are reviewing JD Technology’s IPO application, and that the firm’s investment bankers have resumed work on the listing Meanwhile, Ant Group has taken a potential step towards a revived IPO after boosting the registered capital of its consumer finance arm…

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Nowhere to Hide: ZhongAn Hammered by Stock and Bond Bloodbaths

The digital insurer’s stock has lost more than 10% since it warned it will post a net loss for the first half of 2022 due to significant investment losses Key Takeaways: ZhongAn warned that it lost as much as 750 million yuan in the first half of 2022, reversing a year-ago profit, due to a drop in its investment income and foreign-exchange losses The digital insurer made its first-ever underwriting profit last year, but its profitability still depends heavily on investment income By Warren Yang ZhongAn Online P&C Insurance Co.…

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With DiDi Reprieve, Is China Taking the Handbrake off the Tech Sector?

Chinese regulators are reportedly poised to end a year-long cybersecurity probe into DiDi Global, allowing the ride-hailing giant to restore its apps and register new users Key takeaways: Along with DiDi, logistics matching platform Full Truck Alliance and online recruitment company Kanzhun are also likely to be allowed to sign up new users  Some analysts expect the Chinese authorities to gradually relax tough regulation of tech companies in order to spur economic growth, removing the biggest uncertainty in the market By Ken Lo The policy makers in charge of steering…

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ZhongAn’s Big-Tech Ties in Focus as Alibaba-linked Ant Trims Stake

Online insurer’s shares tumbled after Ant Group disclosed plan to trim its longtime stake, but later rebounded after Ant affirmed its commitment to their strategic ties Key takeaways: •      Ant Group, one of the three founders of ZhongAn, disclosed last week it trimmed its stake in the digital insurer •      ZhongAn has close business ties to the three parents, especially Ant and its Alibaba affiliate under a platform cooperation agreement By Warren Yang ZhongAn Online P&C Insurance Co. Ltd.’s (6060.HK) ties to Alibaba (BABA.US; 9988.HK), one of its three big-name…

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