Following on from “Ant(icipating) a listing” last month Ingham Analytics has issued “Ant’s away”, confirming that Ant Group, in which Alibaba has a 33% interest and Jack Ma an effective 8.8%, will be listing in Hong Kong and Shanghai. Ant and Tencent’s WeChat Pay are formidable competitors. Ingham Analytics believe that Tencent has been positively affected by the Ant buzz, trading at a pricey HK$600. Prosus and Naspers shareholders aren’t sharing in the buzz though.
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