What do Standard Bank, Ant Group and Alibaba have in common? More than you may think seeing as Chinese financial regulators are toughening up on micro-lending oversight – as evidenced by the suspension of the Ant Group IPO. Ingham Analytics believe that Ant could come back to seek a listing but investors would be more inclined to rate it less richly than a pure fintech internet play. In their updated view on ecommerce giant Alibaba entitled “White-Anted” Ingham Analytics unpack the complexities of this stringent regulatory environment and give their view on where fair value lies and the earnings outlook for Alibaba.
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