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N O V A - G R A P S K A 15 godina | GRAPSKA | NOVOSTI IZ GRAPSKE
Autor Jack Ma's Ant IPO Tests China's Tolerance of Entrepreneurship
happer
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Komentari: 1047
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Registrovan: 26.04.18
Upisano u 11-01-2021 08:15
Jack Ma's Ant IPO Tests China's Tolerance of Entrepreneurship



As the second largest economy in the world, China garners a lot of attention. That attention has been heightened due to one of the superstars of China's growth story, Jack Ma, seemingly finding himself the target of China's ruling party. Ma has been largely absent after pulling what was expected to be a massive initial public offering (IPO) of his large fintech company Ant. We'll look at what led to the halting of the IPO and what it might signal for entrepreneurship in China.To get more ant group ipo news, you can visit shine news official website.

China has made a habit of confounding many of the predictions made about it beyond the main one of growth. Prognosticators and pundits have long made calls on how opening the economy would move China along the road to more of a democratic model. While China has opened up in many, many ways in the past few decades, President Xi Jinping has removed his own term limits and looks to be consolidating more power in the ruling party. So in some ways China is moving further away from democratic reform even as it continues down the road of opening its economy.1a279;

The version of the market economy that China has embraced is similarly uneven. Owning a small to medium-sized business in China is encouraged, and entrepreneurship was a major driver of growth in the economy. Due to the scale of China's economy, many medium-sized businesses are in fact quite large in terms of global ranking. However, large sections of the domestic economy still have state-owned enterprises (SOEs) at the top, which work in concert with regulators.

Somehow, China still continues to push ahead through what appears to be a maze of contradictions to outside observers. Case in point: we are looking at the seeming censure of Jack Ma, one of China's most successful tech entrepreneurs, but this saga is playing out at the same time as China is poised to give unprecedented access to its financial sector to Wall Street investment banks.2a279;
Jack Ma is China's richest person, and he created that wealth through Alibaba Holding Group Limited (BABA) and its payment/financial service twin Ant Group that grew out of Alipay – a system designed to support the core e-commerce business. The two companies taken together have an enormous presence in China and have enjoyed surprisingly little regulatory pushback up until now.

There were skirmishes between Ma's companies and the Chinese regulators, but the intensity has been heating up in the past few years. Alibaba now finds itself under an antitrust investigation, Ant is in the targets of regulators at the People's Bank of China (the central bank), and new draft antimonopoly rules seem squarely aimed at Ma's empire, as they deal specifically with consumer data and differential pricing. The question is why this is all happening now.

The answer seems to be that Ma upset the wrong people. A speech given by Ma in Shanghai in October where he was very critical of regulators has been reported as the trigger for President Xi personally intervening to halt the IPO and force Ant Group to shrink down to a pure payments service.3a279;

Whereas Alibaba sticks largely to e-commerce, Ant's fintech presence ultimately encroaches on an area where SOEs still rule – banking and financial services. So even as China opens up part of its financial sector to foreign financial firms, it is moving to rein in homegrown competition to state-owned commercial banks.

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bullet halil40Pogledaj sve porukice od ovoga posjetioca 
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Zdravo. Jal aktivna ova stranica

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Stranica je bila komplet zapustena, zahvaljujuci nekome. Uskoro ponovo i u novom ruhu, kao i sa novim sadrzajem.

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sellam,malo si zapustio stranicu Jasko

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kako mu je zena

bullet zlatanPogledaj sve porukice od ovoga posjetioca 
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sta je bilo sa mesudom ribom

bullet zlatanPogledaj sve porukice od ovoga posjetioca 
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doni sto se ne javljas sa novim vijestima

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sta ima novoga u grapskoj

bullet dzoniPogledaj sve porukice od ovoga posjetioca 
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selam iz oblacne grapske..svi su na broju hvala bogu..svako dobro bosno i hercegovino...

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bullet alemkamenPogledaj sve porukice od ovoga posjetioca 
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bullet dzoniPogledaj sve porukice od ovoga posjetioca 
11/07/2013 09:45
selam iz suncane i tople grapske..svi su na broju hvala bogu..svako dobro bosno i hercegovino..PS.11.07.2013..18 GODINA OD STRADANJA SREBRENICE..NEKA IM JE VJECNI RAHMET...

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30/06/2013 07:28
selam iz suncane grapske..danas su dzenaze HURTIC MEHMEDU I MURATOVIC OSMANU poslije ikindije namaza..rahmet im dusi..svako dobro bosno i hercegovino..

bullet dzoniPogledaj sve porukice od ovoga posjetioca 
21/06/2013 10:22
selam iz vrele i suncane grapske..svi su na broju hvala bogu,,svako dobro bosno i hercegovino..

bullet dzoniPogledaj sve porukice od ovoga posjetioca 
13/06/2013 07:24
selam iz oblacne grapske..svi su na broju hvala bogu..svako dobro bosno i hercegovino..

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