Ant was sitting on about 80 billion yuan of cash as of the end of June. - AFP
HONG KONG, Nov 9 (Bloomberg): China's move to halt Ant Group's massive stock debut could reduce the fintech giant's value by as much as US$140 billion (S$188 billion), according to analysts' revised estimates.
New regulations that could force Ant to raise more capital to back lending and seek national licenses to operate across the country may reduce the firm's valuation by about half, according to estimates from Morningstar and other firms. The regulatory details are preliminary and could be subject to change.
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