Why did China clamp down on Ant's IPO? - Part 2

https://finance.yahoo.com/news/china-plans-online-payment-rules-105342219.html

Just as we've expected, Ant's valuation is seen falling by more than 50%.

We had given our assessment on Ant previously below.

http://sg-stock.blogspot.com/2020/11/why-did-china-clamp-down-on-ants-ipo.html