JovenTey personal page - To The Moon

JovenTey

JovenTey

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2021-04-16

Yeahhhh

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2021-04-23

Oh no

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2021-04-28

$NIO Inc.(NIO)$stopppp

2021-04-20

Yeahhh

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2021-04-23

Shag

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2021-04-21

$Zillow(ZG)$still falling. But I'm long term

2021-04-16

Sick

A Self-Driving Truck Firm Opened for Trading. Investors Went Down a Flat Road.

2021-04-16

Oooo

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2021-04-20

Oh no

Will Jack Ma Have to Sell Out of Ant and Alibaba?

2021-04-20

Dead

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Go to Tiger App to see more news

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this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374055069","isVote":1,"tweetType":1,"viewCount":2105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374081152,"gmtCreate":1619402092876,"gmtModify":1704723266938,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579935024398704","authorIdStr":"3579935024398704"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>uup","listText":"<a 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Trust me&nbsp;","listText":"Start buying puts. Trust me&nbsp;","text":"Start buying puts. Trust me","images":[{"img":"https://static.tigerbbs.com/e70cf1bccee7a97fe2b363fc41e762d5","width":"1080","height":"2800"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372479811","isVote":1,"tweetType":1,"viewCount":2290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":372479009,"gmtCreate":1619237841201,"gmtModify":1704721705687,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579935024398704","authorIdStr":"3579935024398704"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>zillow is back in action yall. Did anyone buy more at the dip ?","listText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>zillow is back in action yall. Did anyone buy more at the dip ?","text":"$Zillow(ZG)$zillow is back in action yall. Did anyone buy more at the dip ?","images":[{"img":"https://static.tigerbbs.com/9d095a0819d6b3ba4428d00f97c057d5","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372479009","isVote":1,"tweetType":1,"viewCount":872,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":372470099,"gmtCreate":1619237746811,"gmtModify":1704721704221,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579935024398704","authorIdStr":"3579935024398704"},"themes":[],"htmlText":"Yooo. Let's get this bag over the weekend&nbsp;","listText":"Yooo. Let's get this bag over the weekend&nbsp;","text":"Yooo. Let's get this bag over the weekend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372470099","isVote":1,"tweetType":1,"viewCount":1260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376781243,"gmtCreate":1619148899582,"gmtModify":1704720405567,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579935024398704","authorIdStr":"3579935024398704"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>zillow on the roller coaster ride&nbsp;","listText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>zillow on the roller coaster ride&nbsp;","text":"$Zillow(ZG)$zillow on the roller coaster ride","images":[{"img":"https://static.tigerbbs.com/68d34fb82a1e5a49ba000afefcbc9d9d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376781243","isVote":1,"tweetType":1,"viewCount":1198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":376789642,"gmtCreate":1619148789886,"gmtModify":1704720402981,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579935024398704","authorIdStr":"3579935024398704"},"themes":[],"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/376789642","repostId":"2129336573","repostType":4,"isVote":1,"tweetType":1,"viewCount":1129,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"idStr":"3569548778635529","authorIdStr":"3569548778635529"},"content":"Respond to my comment pls.","text":"Respond to my comment pls.","html":"Respond to my comment pls."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376789123,"gmtCreate":1619148779862,"gmtModify":1704720402497,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579935024398704","authorIdStr":"3579935024398704"},"themes":[],"htmlText":"Shag","listText":"Shag","text":"Shag","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376789123","repostId":"1105596163","repostType":4,"repost":{"id":"1105596163","kind":"news","pubTimestamp":1619148497,"share":"https://ttm.financial/m/news/1105596163?lang=en_US&edition=fundamental","pubTime":"2021-04-23 11:28","market":"sg","language":"en","title":"HDB resale prices climb for 4th consecutive quarter; volume dips","url":"https://stock-news.laohu8.com/highlight/detail?id=1105596163","media":"The Straits Times","summary":"[SINGAPORE] THE Housing Board resale market remained steadily robust in the first quarter of this ye","content":"<div>\n<p>[SINGAPORE] THE Housing Board resale market remained steadily robust in the first quarter of this year amid Covid-19 vaccine optimism, as prices of resale flats rose for the fourth consecutive quarter...</p>\n\n<a href=\"https://www.businesstimes.com.sg/real-estate/hdb-resale-prices-climb-for-4th-consecutive-quarter-volume-dips\">Source Link</a>\n\n</div>\n","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HDB resale prices climb for 4th consecutive quarter; volume dips</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHDB resale prices climb for 4th consecutive quarter; volume dips\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 11:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/real-estate/hdb-resale-prices-climb-for-4th-consecutive-quarter-volume-dips><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[SINGAPORE] THE Housing Board resale market remained steadily robust in the first quarter of this year amid Covid-19 vaccine optimism, as prices of resale flats rose for the fourth consecutive quarter...</p>\n\n<a href=\"https://www.businesstimes.com.sg/real-estate/hdb-resale-prices-climb-for-4th-consecutive-quarter-volume-dips\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/real-estate/hdb-resale-prices-climb-for-4th-consecutive-quarter-volume-dips","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105596163","content_text":"[SINGAPORE] THE Housing Board resale market remained steadily robust in the first quarter of this year amid Covid-19 vaccine optimism, as prices of resale flats rose for the fourth consecutive quarter, even as fewerflats changed hands.The resale price index for the first three months of the year was logged at 142.2, an increase of 3 per cent over that in the fourth quarter of 2020, according to figures released by HDB on Friday.Prices rose 8.1 per cent year-on-year.Last quarter's HDB resale prices were just 4.8 per cent lower than their peak in the second quarter of 2013, said Christine Sun, OrangeTee & Tie's senior vice-president of research and analytics.She noted that the roll-out of Covid-19 vaccines around the world and anticipated global economic recovery stoked a frenzy of property-buying activities worldwide, which in turn lifted market sentiment for the HDB resale market.The supply and demand imbalance of flats has also caused prices of HDB resale flats to climb in many locations, said Ms Sun.Prices for resale flats rose in 22 of the 26 HDB towns, with those in the central area clocking the highest median resale price at S$910,000 for a four-room flat. These include popular projects such as The Pinnacle @ Duxton at Cantonment Road, where a handful of five-room flats on high floors have sold for more than S$1 million in recent years.Woodlands clocked the lowest median resale price at S$380,000 for a four-room flat, while Sembawang followed closely at S$399,000.Demand for HDB resale flats started gaining traction in the second half of last year, after Singapore came out of a two-month-long circuit breaker period to curb the spread of the Covid-19, with resale prices steadily inching up in recent months.However, overall resale volume dipped slightly last quarter on the back of higher resale prices and rising cash over valuation (COV).The number of transactions fell 0.8 per cent from 7,642 units in the fourth quarter of 2020 to 7,581 units in the first quarter of this year.Compared to the first quarter last year when 5,893 units changed hands, resale volume rose 28.6 per cent.Ms Sun said: \"Last quarter, many flats were sold with COV. Multiple offers and price bidding wars for choice flats were common as buyers were willing to shell out extra for premium flats as they believe that supply of these flats are limited especially for newer resale flats in mature estates.\"Demand for rental HDB flats also rose last quarter despite rising rents, as many foreigners choose to stay put and renew their leases due to border restrictions.The number of approved applications to rent out HDB flats rose by 26.0 per cent from 8,472 cases in the fourth quarter of last year to 10,676 cases in the first quarter of this year.As for Build-To-Order (BTO) flats, HDB will offer about 3,800 such flats in Bukit Merah, Geylang, Tengah and Woodlands next month.In August, it will launch another 4,900 BTO flats in Hougang, Jurong East, Kallang /Whampoa, Queenstown and Tampines.HDB said it will calibrate the supply if required, given the economic uncertainty due to Covid-19.Ms Sun said the completion period for BTO projects in the two upcoming exercises is likely to remain long as there is a backlog of projects facing construction delays caused by the pandemic.Current waiting time for a new BTO flat ranges from three years to five years, based on the timeline released in the previous two BTO exercises.\"The situation could be exacerbated as further construction delays may be expected as a result of new quarantine orders arising from the recent resurgence of Covid-19 cases in certain dormitories,\" said Ms Sun.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1075,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378265735,"gmtCreate":1619046706027,"gmtModify":1704718661357,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579935024398704","authorIdStr":"3579935024398704"},"themes":[],"htmlText":"Let's go Netflix&nbsp;","listText":"Let's go Netflix&nbsp;","text":"Let's go Netflix","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378265735","isVote":1,"tweetType":1,"viewCount":950,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378065295,"gmtCreate":1618981350117,"gmtModify":1704717841157,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579935024398704","authorIdStr":"3579935024398704"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>still falling. But I'm long term&nbsp;","listText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>still falling. But I'm long term&nbsp;","text":"$Zillow(ZG)$still falling. But I'm long term","images":[{"img":"https://static.tigerbbs.com/44173051dc78eeed31dea6552d0636e7","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378065295","isVote":1,"tweetType":1,"viewCount":1202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":378065186,"gmtCreate":1618981318845,"gmtModify":1704717841480,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579935024398704","authorIdStr":"3579935024398704"},"themes":[],"htmlText":"What do yall think about the current market.Let me know in the comments&nbsp;","listText":"What do yall think about the current market.Let me know in the comments&nbsp;","text":"What do yall think about the current market.Let me know in the comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378065186","isVote":1,"tweetType":1,"viewCount":1387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371021122,"gmtCreate":1618894126966,"gmtModify":1704716485006,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579935024398704","authorIdStr":"3579935024398704"},"themes":[],"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371021122","repostId":"1139296239","repostType":4,"repost":{"id":"1139296239","kind":"news","pubTimestamp":1618891746,"share":"https://ttm.financial/m/news/1139296239?lang=en_US&edition=fundamental","pubTime":"2021-04-20 12:09","market":"us","language":"en","title":"Will Jack Ma Have to Sell Out of Ant and Alibaba?","url":"https://stock-news.laohu8.com/highlight/detail?id=1139296239","media":"The Street","summary":"Ant and Alibaba are in talks with Chinese regulators about how the companies can proceed, perhaps wi","content":"<blockquote><b>Ant and Alibaba are in talks with Chinese regulators about how the companies can proceed, perhaps without their figurehead.</b></blockquote><p>Stocks quotes in this article:BABA,V,MA</p><p>Will it take Jack Ma's exit as a part owner of Alibaba Group Holding (BABA) and its Ant Group fintech spinoff to remove the overhang from BABA stock? And to enable Ant's mooted initial public offering to go ahead? That seems to be the case.</p><p>Ant is negotiating its path ahead with regulators. One fork would see Ant founder Ma divest his stake in Ant and surrender control, according to Reuters&nbsp;on Monday citing sourcesclose to the company and \"familiar with regulators' thinking.\"</p><p>Ma has been the figurehead for Alibaba and Ant. Now he is its lightning rod. The Chinese Communist hierarchy has flashed a flurry of bolts down that pole, and Ma may need to leave to ensure the companies can proceed shock-free.</p><p>Alibaba shares fell 1.5% on Monday in Hong Kong, on a day the benchmark Hang Seng index rose 0.5%. The CSI 300 index of the largest mainland-listed companies put on an impressive 2.4% in Shanghai and Shenzhen.</p><p>Since October 2020, when Ma gave a fateful speech to a business conference in Shanghai, Alibaba shares have fallen 22.1%. They continue to drift lower despite Ma's withdrawal from public life - and the fact that he \"retired\" from any executive role at Alibaba in September 2019.</p><p>The Communist Party is angry enough at Ma, and scared enough at the influence that his companies have developed, that they are disrupting China's best-known digital brand. In November, President Xi Jinping himself reputedly intervened to prevent the world's largest initial public offering, Ant's US$37 billion flotation in Hong Kong and Shanghai, from taking place.</p><p>China's financial regulator, the China Banking and Insurance Regulatory Commission, and the central People's Bank of China have met with Ma and Ant separately in the first quarter, Reuters reports, with Ma's exit from the company discussed.</p><p>Ant has denied this. \"Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone,\" Ant said in a statement.</p><p>Ma owns 34% of a company, Hangzhou Yunbo, that in turn controls 50.5% of Ant Group via two partnerships,according to the prospectusfor its cancelled IPO. Three other insiders own the other 66% of the controlling company. The prospectus makes clear that Ma can dictate the decisions of that group, effectively giving him ultimate and complete control.</p><p>Maowned 4.8% of Alibabaafter an US$8.2 billion share sale last year. But the 38-member Alibaba Partnership controls a majority of the board seats on the company. Ma is still one of six directors of that partnership, according to thecompany's Web site, giving him substantial behind-the-scenes power.</p><p>All other parties, from Alibaba through the government, are declining to comment. Aside from a carefully calibrated visit in January to a school in rural China, at a time no pupils were present, Ma has not been seen in public since he ran into trouble late last year.</p><p>This is a man who loves the limelight, who has appeared alongside Cantopop diva Faye Wong to sing a duet during an Alibaba livestream, and who belted out<i>Can You Feel the Love Tonight?</i>in full glam-rock flame-leather jacket, silver wig and shades to celebrate Alibaba's 10thanniversary. His absence is akin to Elon Musk's sudden silencing, and disappearance.</p><p>Last October, Ma took his rock-star persona on stage at a financial summit in Shanghai, albeit in a suit rather than a leather jacket. He took the risky step of criticizing in public the Chinese banking system, and by implication the Communist Party that sits atop it. Ma said Chinese big banks had a \"pawnshop mentality,\" while Ant was extending credit to consumers and companies with little other access to borrowing.</p><p>Many small businesses complain that large Chinese banks favor state-owned enterprises, which they give their best lending rates. Entrepreneurs often struggle to get mainstream backing for their ideas. So Ma's message is hardly revolutionary. His mistake was to make his criticism so public.</p><p>That coupled with Ma's jetsetting lifestyle, in which he met with heads of state, kings and, yes, Bill Gates made the Communist hierarchy uncomfortable. When Ma took the stage in Shanghai, knowing full well that regulators were working on new rules to govern fintech companies such as Ant, and were in attendance, they decided they had had enough. It appeared he was attempting to shape their new rules through the court of public opinion.</p><p>One of the Reuters sources said Ant hopes Ma's stake could be sold to existing Ant investors or to Alibaba without involving any external third parties.</p><p>On the regulatory side, a second source said Ma would have to sell out his stake to an entirely different and unrelated entity. The obvious candidate would be a Chinese state-owned enterprise or one of its Big Four banks.</p><p>Of course, any of this still needs to be cleared by Beijing. When it comes down to it, the Communist Party hierarchy do not want any company being powerful enough that it could challenge the party, or direct how the party shapes corporate policy.</p><p>Ant Group, which operates the ubiquitous Alipay e-payments app, already agreed last week to restructure its operations, turning itself into a financial-holding company under the auspices of banking regulators and the central bank. New capital requirements will force it to drastically cut back its consumer-lending business.</p><p>Two days prior to the restructuring announcement, Alibaba had been slapped with a record C¥18.2 billion (US$2.8 billion) fine for engaging in anti-competitive behavior. Alibaba shares jumped 8.5% on word of that news,as I explained last week, because Alibaba itself wasn't ordered to restructure, and can move on.</p><p>The fine, 4% of revenue when it could have been as much as 10%, seems just large enough to act as a significant deterrent to other companies while remaining manageable for Alibaba to pay out of \"petty cash,\" the cash balance of C¥339 billion (US$51.7 billion) it had as of the end of last year.</p><p>Although he has resigned as executive chairman of Alibaba, and is one of 18 co-founders of the company, Ma remains the face of the company in many people's minds. He is the lynchpin and charismatic figurehead, the guy who pulled those friends and colleagues together in his apartment in his hometown, Hangzhou, back in 1999. Alibaba was at first purely a B2B marketplace, linking Chinese manufacturers with distributors. When eBay entered China in 2003, it created the consumer-to-consumer Taobao Marketplace, \"Taobao\" meaning \"Digging for Treasure.\"</p><p>Ma established Ant's flagship app, Alipay, in 2004 as a way to hold funds in escrow so buyers and sellers on Alibaba's Taobao e-commerce site could transact with confidence. Ma controversially seized control of Alipay from Alibaba, rechristening it Ant in 2014. Alibaba has ultimately ended up owning one-third of Ant.</p><p>The surge in e-commerce left Ant with huge temporary cash balances. It processed US$17 trillion in transactions for the year through June, making it the largest processor of payments in the world, above Visa (V) or Mastercard (MA) . Its microloans, mainly for consumer-goods purchases, make it essentially the largest consumer lender in China, responsible for around 10% of consumer credit in 2020.</p><p>The Chinese Communist Party may at first have been unaware quite how large and powerful Ant had become. It is now intent on weakening Ant's hold over China's financial system. It is pulling once-freewheeling Ant and Alibaba under state direction and control, through regulation and restructuring.</p><p>Where that leaves Jack Ma's ownership stakes and carefully crafted control, itself structured through layers of voting rights and controlling companies, is now being hashed out behind the scenes. Ma's retirement from executive roles hasn't been enough to satisfy China's leaders. What kind of ownership departure he's forced or allowed to make remains to be seen.</p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Jack Ma Have to Sell Out of Ant and Alibaba?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Jack Ma Have to Sell Out of Ant and Alibaba?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-20 12:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://realmoney.thestreet.com/investing/global-equity/will-jack-ma-have-to-sell-out-of-ant-and-alibaba--15627895?puc=yahoo&cm_ven=YAHOO><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ant and Alibaba are in talks with Chinese regulators about how the companies can proceed, perhaps without their figurehead.Stocks quotes in this article:BABA,V,MAWill it take Jack Ma's exit as a part ...</p>\n\n<a href=\"https://realmoney.thestreet.com/investing/global-equity/will-jack-ma-have-to-sell-out-of-ant-and-alibaba--15627895?puc=yahoo&cm_ven=YAHOO\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://realmoney.thestreet.com/investing/global-equity/will-jack-ma-have-to-sell-out-of-ant-and-alibaba--15627895?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139296239","content_text":"Ant and Alibaba are in talks with Chinese regulators about how the companies can proceed, perhaps without their figurehead.Stocks quotes in this article:BABA,V,MAWill it take Jack Ma's exit as a part owner of Alibaba Group Holding (BABA) and its Ant Group fintech spinoff to remove the overhang from BABA stock? And to enable Ant's mooted initial public offering to go ahead? That seems to be the case.Ant is negotiating its path ahead with regulators. One fork would see Ant founder Ma divest his stake in Ant and surrender control, according to Reuters on Monday citing sourcesclose to the company and \"familiar with regulators' thinking.\"Ma has been the figurehead for Alibaba and Ant. Now he is its lightning rod. The Chinese Communist hierarchy has flashed a flurry of bolts down that pole, and Ma may need to leave to ensure the companies can proceed shock-free.Alibaba shares fell 1.5% on Monday in Hong Kong, on a day the benchmark Hang Seng index rose 0.5%. The CSI 300 index of the largest mainland-listed companies put on an impressive 2.4% in Shanghai and Shenzhen.Since October 2020, when Ma gave a fateful speech to a business conference in Shanghai, Alibaba shares have fallen 22.1%. They continue to drift lower despite Ma's withdrawal from public life - and the fact that he \"retired\" from any executive role at Alibaba in September 2019.The Communist Party is angry enough at Ma, and scared enough at the influence that his companies have developed, that they are disrupting China's best-known digital brand. In November, President Xi Jinping himself reputedly intervened to prevent the world's largest initial public offering, Ant's US$37 billion flotation in Hong Kong and Shanghai, from taking place.China's financial regulator, the China Banking and Insurance Regulatory Commission, and the central People's Bank of China have met with Ma and Ant separately in the first quarter, Reuters reports, with Ma's exit from the company discussed.Ant has denied this. \"Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone,\" Ant said in a statement.Ma owns 34% of a company, Hangzhou Yunbo, that in turn controls 50.5% of Ant Group via two partnerships,according to the prospectusfor its cancelled IPO. Three other insiders own the other 66% of the controlling company. The prospectus makes clear that Ma can dictate the decisions of that group, effectively giving him ultimate and complete control.Maowned 4.8% of Alibabaafter an US$8.2 billion share sale last year. But the 38-member Alibaba Partnership controls a majority of the board seats on the company. Ma is still one of six directors of that partnership, according to thecompany's Web site, giving him substantial behind-the-scenes power.All other parties, from Alibaba through the government, are declining to comment. Aside from a carefully calibrated visit in January to a school in rural China, at a time no pupils were present, Ma has not been seen in public since he ran into trouble late last year.This is a man who loves the limelight, who has appeared alongside Cantopop diva Faye Wong to sing a duet during an Alibaba livestream, and who belted outCan You Feel the Love Tonight?in full glam-rock flame-leather jacket, silver wig and shades to celebrate Alibaba's 10thanniversary. His absence is akin to Elon Musk's sudden silencing, and disappearance.Last October, Ma took his rock-star persona on stage at a financial summit in Shanghai, albeit in a suit rather than a leather jacket. He took the risky step of criticizing in public the Chinese banking system, and by implication the Communist Party that sits atop it. Ma said Chinese big banks had a \"pawnshop mentality,\" while Ant was extending credit to consumers and companies with little other access to borrowing.Many small businesses complain that large Chinese banks favor state-owned enterprises, which they give their best lending rates. Entrepreneurs often struggle to get mainstream backing for their ideas. So Ma's message is hardly revolutionary. His mistake was to make his criticism so public.That coupled with Ma's jetsetting lifestyle, in which he met with heads of state, kings and, yes, Bill Gates made the Communist hierarchy uncomfortable. When Ma took the stage in Shanghai, knowing full well that regulators were working on new rules to govern fintech companies such as Ant, and were in attendance, they decided they had had enough. It appeared he was attempting to shape their new rules through the court of public opinion.One of the Reuters sources said Ant hopes Ma's stake could be sold to existing Ant investors or to Alibaba without involving any external third parties.On the regulatory side, a second source said Ma would have to sell out his stake to an entirely different and unrelated entity. The obvious candidate would be a Chinese state-owned enterprise or one of its Big Four banks.Of course, any of this still needs to be cleared by Beijing. When it comes down to it, the Communist Party hierarchy do not want any company being powerful enough that it could challenge the party, or direct how the party shapes corporate policy.Ant Group, which operates the ubiquitous Alipay e-payments app, already agreed last week to restructure its operations, turning itself into a financial-holding company under the auspices of banking regulators and the central bank. New capital requirements will force it to drastically cut back its consumer-lending business.Two days prior to the restructuring announcement, Alibaba had been slapped with a record C¥18.2 billion (US$2.8 billion) fine for engaging in anti-competitive behavior. Alibaba shares jumped 8.5% on word of that news,as I explained last week, because Alibaba itself wasn't ordered to restructure, and can move on.The fine, 4% of revenue when it could have been as much as 10%, seems just large enough to act as a significant deterrent to other companies while remaining manageable for Alibaba to pay out of \"petty cash,\" the cash balance of C¥339 billion (US$51.7 billion) it had as of the end of last year.Although he has resigned as executive chairman of Alibaba, and is one of 18 co-founders of the company, Ma remains the face of the company in many people's minds. He is the lynchpin and charismatic figurehead, the guy who pulled those friends and colleagues together in his apartment in his hometown, Hangzhou, back in 1999. Alibaba was at first purely a B2B marketplace, linking Chinese manufacturers with distributors. When eBay entered China in 2003, it created the consumer-to-consumer Taobao Marketplace, \"Taobao\" meaning \"Digging for Treasure.\"Ma established Ant's flagship app, Alipay, in 2004 as a way to hold funds in escrow so buyers and sellers on Alibaba's Taobao e-commerce site could transact with confidence. Ma controversially seized control of Alipay from Alibaba, rechristening it Ant in 2014. Alibaba has ultimately ended up owning one-third of Ant.The surge in e-commerce left Ant with huge temporary cash balances. It processed US$17 trillion in transactions for the year through June, making it the largest processor of payments in the world, above Visa (V) or Mastercard (MA) . Its microloans, mainly for consumer-goods purchases, make it essentially the largest consumer lender in China, responsible for around 10% of consumer credit in 2020.The Chinese Communist Party may at first have been unaware quite how large and powerful Ant had become. It is now intent on weakening Ant's hold over China's financial system. It is pulling once-freewheeling Ant and Alibaba under state direction and control, through regulation and restructuring.Where that leaves Jack Ma's ownership stakes and carefully crafted control, itself structured through layers of voting rights and controlling companies, is now being hashed out behind the scenes. Ma's retirement from executive roles hasn't been enough to satisfy China's leaders. What kind of ownership departure he's forced or allowed to make remains to be 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no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/376789642","repostId":"2129336573","repostType":4,"isVote":1,"tweetType":1,"viewCount":1129,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"content":"Respond to my comment pls.","text":"Respond to my comment pls.","html":"Respond to my comment 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But I'm long term&nbsp;","listText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>still falling. But I'm long term&nbsp;","text":"$Zillow(ZG)$still falling. But I'm long term","images":[{"img":"https://static.tigerbbs.com/44173051dc78eeed31dea6552d0636e7","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378065295","isVote":1,"tweetType":1,"viewCount":1202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":370017895,"gmtCreate":1618536156717,"gmtModify":1704712347654,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579935024398704","idStr":"3579935024398704"},"themes":[],"htmlText":"Sick","listText":"Sick","text":"Sick","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/370017895","repostId":"1149515663","repostType":4,"repost":{"id":"1149515663","kind":"news","pubTimestamp":1618535475,"share":"https://ttm.financial/m/news/1149515663?lang=en_US&edition=fundamental","pubTime":"2021-04-16 09:11","market":"us","language":"en","title":"A Self-Driving Truck Firm Opened for Trading. Investors Went Down a Flat Road.","url":"https://stock-news.laohu8.com/highlight/detail?id=1149515663","media":"Barrons","summary":"TuSimple, which went public Thursday, is looking to revolutionize the $800 billion trucking industry","content":"<p>TuSimple, which went public Thursday, is looking to revolutionize the $800 billion trucking industry with self-driving technology.</p>\n<p>The San Diego company develops software that puts long-haul trucks on the road without a human driver. TuSimple’s (ticker: TSP) technology is different from the kind developed for cars—Tesla (TSLA) and Alphabet (GOOG) have self-driving projects—because long-haul trucks are wider, heavier and can’t see the back of the trailer, said President and CEO Cheng Lu.</p>\n<p>“It takes a truck 15 second to make a left-hand turn, which is three times longer than a car,” he said.</p>\n<p>And on a highway, trucks need about two times longer stopping distance than a passenger vehicle,the TuSimple prospectus said. “Everything a truck does is magnified,” Lu said.</p>\n<p>TuSimple is partnering with&nbsp;Navistar(NAV) to develop trucks for the North American market by 2024. The company has 5,700 truck reservations for the launch, Lu said. “That’s going to the first wave of customers,” he said.</p>\n<p>The company has another partnership with&nbsp;Volkswagen&nbsp;subsidiary TRATON for trucks in Europe.Navistar,TRATON, and&nbsp;United Parcel Service(UPS) are all investors of TruSimple whichhad raised $800 million in fundingbefore the IPO.</p>\n<p>The company has 70 trucks in operation globally, including 50 in the U.S., that use its software. All currently operate with a safety driver and a safety engineer, Lu said.</p>\n<p>TuSimple plans to launch a driverless pilot program, where trucks haul freight for 100 miles, by the end of this year, he said. “We just outfitted about 12 more trucks for the pilot program,” said Lu, who declined to disclose how many vehicles would be part of the program.</p>\n<p>On Thursday, TuSimplemade its public equity markets debut. Shares opened at $40.25, hit a high of $41.50, and then dropped below its $40 offer price. The stock rebound Thursday afternoon with shares closing flat at $40. With 212,263,328 shares outstanding, TuSimple has a near $8.5 billion market cap.</p>\n<p>The roughly 6-year old start-up chose to go public because autonomous driving companies haven’t been as “transparent as they need to be …Going through the traditional IPO route adds transparency to the process. We were vetted by investors and research analysts,” said Lu, who spoke to<i>Barron’s</i>before TuSimple’s shares started trading.</p>\n<p>With the IPO, TuSimple will have $1.5 billion of capital on its balance sheet, he said. The company plans to use proceeds to invest in research and development, and to hire, Lu said. “We have 400 open positions in the U.S. alone. We are ready to invest in more people,” he said.</p>\n<p>TuSimple has come to the attention of the Committee on Foreign Investment in the U.S., or CFIUS, which reviews foreign investments. Sun Dream, an affiliate of Chinese internet media company Sina Corp, invested in TuSimple in 2017 and was the company’s biggest shareholder, owning nearly 20% before the IPO. In March, CFIUS informed TuSimple that it was looking at Sun Dream’s investment for any threat to national security and may require that Sun Dream sell its stake, the prospectus said.</p>\n<p>TuSimple and Cina will make a voluntary filing to CFIUS in the next few weeks, which will have 45 days to review, Lu said. Cina’s stake will drop to 5.8% of voting power after the IPO,the prospectus said. “This will not have any material impact on our business,” Lu said of the review.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A Self-Driving Truck Firm Opened for Trading. Investors Went Down a Flat Road.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Self-Driving Truck Firm Opened for Trading. Investors Went Down a Flat Road.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tusimple-rebounds-and-snags-8-5-billion-valuation-51618522574?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TuSimple, which went public Thursday, is looking to revolutionize the $800 billion trucking industry with self-driving technology.\nThe San Diego company develops software that puts long-haul trucks on...</p>\n\n<a href=\"https://www.barrons.com/articles/tusimple-rebounds-and-snags-8-5-billion-valuation-51618522574?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/tusimple-rebounds-and-snags-8-5-billion-valuation-51618522574?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149515663","content_text":"TuSimple, which went public Thursday, is looking to revolutionize the $800 billion trucking industry with self-driving technology.\nThe San Diego company develops software that puts long-haul trucks on the road without a human driver. TuSimple’s (ticker: TSP) technology is different from the kind developed for cars—Tesla (TSLA) and Alphabet (GOOG) have self-driving projects—because long-haul trucks are wider, heavier and can’t see the back of the trailer, said President and CEO Cheng Lu.\n“It takes a truck 15 second to make a left-hand turn, which is three times longer than a car,” he said.\nAnd on a highway, trucks need about two times longer stopping distance than a passenger vehicle,the TuSimple prospectus said. “Everything a truck does is magnified,” Lu said.\nTuSimple is partnering with Navistar(NAV) to develop trucks for the North American market by 2024. The company has 5,700 truck reservations for the launch, Lu said. “That’s going to the first wave of customers,” he said.\nThe company has another partnership with Volkswagen subsidiary TRATON for trucks in Europe.Navistar,TRATON, and United Parcel Service(UPS) are all investors of TruSimple whichhad raised $800 million in fundingbefore the IPO.\nThe company has 70 trucks in operation globally, including 50 in the U.S., that use its software. All currently operate with a safety driver and a safety engineer, Lu said.\nTuSimple plans to launch a driverless pilot program, where trucks haul freight for 100 miles, by the end of this year, he said. “We just outfitted about 12 more trucks for the pilot program,” said Lu, who declined to disclose how many vehicles would be part of the program.\nOn Thursday, TuSimplemade its public equity markets debut. Shares opened at $40.25, hit a high of $41.50, and then dropped below its $40 offer price. The stock rebound Thursday afternoon with shares closing flat at $40. With 212,263,328 shares outstanding, TuSimple has a near $8.5 billion market cap.\nThe roughly 6-year old start-up chose to go public because autonomous driving companies haven’t been as “transparent as they need to be …Going through the traditional IPO route adds transparency to the process. We were vetted by investors and research analysts,” said Lu, who spoke toBarron’sbefore TuSimple’s shares started trading.\nWith the IPO, TuSimple will have $1.5 billion of capital on its balance sheet, he said. The company plans to use proceeds to invest in research and development, and to hire, Lu said. “We have 400 open positions in the U.S. alone. We are ready to invest in more people,” he said.\nTuSimple has come to the attention of the Committee on Foreign Investment in the U.S., or CFIUS, which reviews foreign investments. Sun Dream, an affiliate of Chinese internet media company Sina Corp, invested in TuSimple in 2017 and was the company’s biggest shareholder, owning nearly 20% before the IPO. In March, CFIUS informed TuSimple that it was looking at Sun Dream’s investment for any threat to national security and may require that Sun Dream sell its stake, the prospectus said.\nTuSimple and Cina will make a voluntary filing to CFIUS in the next few weeks, which will have 45 days to review, Lu said. Cina’s stake will drop to 5.8% of voting power after the IPO,the prospectus said. “This will not have any material impact on our business,” Lu said of the review.","news_type":1,"symbols_score_info":{"TSP":0.9}},"isVote":1,"tweetType":1,"viewCount":920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370014717,"gmtCreate":1618536115839,"gmtModify":1704712346687,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579935024398704","idStr":"3579935024398704"},"themes":[],"htmlText":"Oooo","listText":"Oooo","text":"Oooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370014717","repostId":"2127888790","repostType":4,"isVote":1,"tweetType":1,"viewCount":930,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371021122,"gmtCreate":1618894126966,"gmtModify":1704716485006,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579935024398704","idStr":"3579935024398704"},"themes":[],"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371021122","repostId":"1139296239","repostType":4,"repost":{"id":"1139296239","kind":"news","pubTimestamp":1618891746,"share":"https://ttm.financial/m/news/1139296239?lang=en_US&edition=fundamental","pubTime":"2021-04-20 12:09","market":"us","language":"en","title":"Will Jack Ma Have to Sell Out of Ant and Alibaba?","url":"https://stock-news.laohu8.com/highlight/detail?id=1139296239","media":"The Street","summary":"Ant and Alibaba are in talks with Chinese regulators about how the companies can proceed, perhaps wi","content":"<blockquote><b>Ant and Alibaba are in talks with Chinese regulators about how the companies can proceed, perhaps without their figurehead.</b></blockquote><p>Stocks quotes in this article:BABA,V,MA</p><p>Will it take Jack Ma's exit as a part owner of Alibaba Group Holding (BABA) and its Ant Group fintech spinoff to remove the overhang from BABA stock? And to enable Ant's mooted initial public offering to go ahead? That seems to be the case.</p><p>Ant is negotiating its path ahead with regulators. One fork would see Ant founder Ma divest his stake in Ant and surrender control, according to Reuters&nbsp;on Monday citing sourcesclose to the company and \"familiar with regulators' thinking.\"</p><p>Ma has been the figurehead for Alibaba and Ant. Now he is its lightning rod. The Chinese Communist hierarchy has flashed a flurry of bolts down that pole, and Ma may need to leave to ensure the companies can proceed shock-free.</p><p>Alibaba shares fell 1.5% on Monday in Hong Kong, on a day the benchmark Hang Seng index rose 0.5%. The CSI 300 index of the largest mainland-listed companies put on an impressive 2.4% in Shanghai and Shenzhen.</p><p>Since October 2020, when Ma gave a fateful speech to a business conference in Shanghai, Alibaba shares have fallen 22.1%. They continue to drift lower despite Ma's withdrawal from public life - and the fact that he \"retired\" from any executive role at Alibaba in September 2019.</p><p>The Communist Party is angry enough at Ma, and scared enough at the influence that his companies have developed, that they are disrupting China's best-known digital brand. In November, President Xi Jinping himself reputedly intervened to prevent the world's largest initial public offering, Ant's US$37 billion flotation in Hong Kong and Shanghai, from taking place.</p><p>China's financial regulator, the China Banking and Insurance Regulatory Commission, and the central People's Bank of China have met with Ma and Ant separately in the first quarter, Reuters reports, with Ma's exit from the company discussed.</p><p>Ant has denied this. \"Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone,\" Ant said in a statement.</p><p>Ma owns 34% of a company, Hangzhou Yunbo, that in turn controls 50.5% of Ant Group via two partnerships,according to the prospectusfor its cancelled IPO. Three other insiders own the other 66% of the controlling company. The prospectus makes clear that Ma can dictate the decisions of that group, effectively giving him ultimate and complete control.</p><p>Maowned 4.8% of Alibabaafter an US$8.2 billion share sale last year. But the 38-member Alibaba Partnership controls a majority of the board seats on the company. Ma is still one of six directors of that partnership, according to thecompany's Web site, giving him substantial behind-the-scenes power.</p><p>All other parties, from Alibaba through the government, are declining to comment. Aside from a carefully calibrated visit in January to a school in rural China, at a time no pupils were present, Ma has not been seen in public since he ran into trouble late last year.</p><p>This is a man who loves the limelight, who has appeared alongside Cantopop diva Faye Wong to sing a duet during an Alibaba livestream, and who belted out<i>Can You Feel the Love Tonight?</i>in full glam-rock flame-leather jacket, silver wig and shades to celebrate Alibaba's 10thanniversary. His absence is akin to Elon Musk's sudden silencing, and disappearance.</p><p>Last October, Ma took his rock-star persona on stage at a financial summit in Shanghai, albeit in a suit rather than a leather jacket. He took the risky step of criticizing in public the Chinese banking system, and by implication the Communist Party that sits atop it. Ma said Chinese big banks had a \"pawnshop mentality,\" while Ant was extending credit to consumers and companies with little other access to borrowing.</p><p>Many small businesses complain that large Chinese banks favor state-owned enterprises, which they give their best lending rates. Entrepreneurs often struggle to get mainstream backing for their ideas. So Ma's message is hardly revolutionary. His mistake was to make his criticism so public.</p><p>That coupled with Ma's jetsetting lifestyle, in which he met with heads of state, kings and, yes, Bill Gates made the Communist hierarchy uncomfortable. When Ma took the stage in Shanghai, knowing full well that regulators were working on new rules to govern fintech companies such as Ant, and were in attendance, they decided they had had enough. It appeared he was attempting to shape their new rules through the court of public opinion.</p><p>One of the Reuters sources said Ant hopes Ma's stake could be sold to existing Ant investors or to Alibaba without involving any external third parties.</p><p>On the regulatory side, a second source said Ma would have to sell out his stake to an entirely different and unrelated entity. The obvious candidate would be a Chinese state-owned enterprise or one of its Big Four banks.</p><p>Of course, any of this still needs to be cleared by Beijing. When it comes down to it, the Communist Party hierarchy do not want any company being powerful enough that it could challenge the party, or direct how the party shapes corporate policy.</p><p>Ant Group, which operates the ubiquitous Alipay e-payments app, already agreed last week to restructure its operations, turning itself into a financial-holding company under the auspices of banking regulators and the central bank. New capital requirements will force it to drastically cut back its consumer-lending business.</p><p>Two days prior to the restructuring announcement, Alibaba had been slapped with a record C¥18.2 billion (US$2.8 billion) fine for engaging in anti-competitive behavior. Alibaba shares jumped 8.5% on word of that news,as I explained last week, because Alibaba itself wasn't ordered to restructure, and can move on.</p><p>The fine, 4% of revenue when it could have been as much as 10%, seems just large enough to act as a significant deterrent to other companies while remaining manageable for Alibaba to pay out of \"petty cash,\" the cash balance of C¥339 billion (US$51.7 billion) it had as of the end of last year.</p><p>Although he has resigned as executive chairman of Alibaba, and is one of 18 co-founders of the company, Ma remains the face of the company in many people's minds. He is the lynchpin and charismatic figurehead, the guy who pulled those friends and colleagues together in his apartment in his hometown, Hangzhou, back in 1999. Alibaba was at first purely a B2B marketplace, linking Chinese manufacturers with distributors. When eBay entered China in 2003, it created the consumer-to-consumer Taobao Marketplace, \"Taobao\" meaning \"Digging for Treasure.\"</p><p>Ma established Ant's flagship app, Alipay, in 2004 as a way to hold funds in escrow so buyers and sellers on Alibaba's Taobao e-commerce site could transact with confidence. Ma controversially seized control of Alipay from Alibaba, rechristening it Ant in 2014. Alibaba has ultimately ended up owning one-third of Ant.</p><p>The surge in e-commerce left Ant with huge temporary cash balances. It processed US$17 trillion in transactions for the year through June, making it the largest processor of payments in the world, above Visa (V) or Mastercard (MA) . Its microloans, mainly for consumer-goods purchases, make it essentially the largest consumer lender in China, responsible for around 10% of consumer credit in 2020.</p><p>The Chinese Communist Party may at first have been unaware quite how large and powerful Ant had become. It is now intent on weakening Ant's hold over China's financial system. It is pulling once-freewheeling Ant and Alibaba under state direction and control, through regulation and restructuring.</p><p>Where that leaves Jack Ma's ownership stakes and carefully crafted control, itself structured through layers of voting rights and controlling companies, is now being hashed out behind the scenes. Ma's retirement from executive roles hasn't been enough to satisfy China's leaders. What kind of ownership departure he's forced or allowed to make remains to be seen.</p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Jack Ma Have to Sell Out of Ant and Alibaba?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Jack Ma Have to Sell Out of Ant and Alibaba?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-20 12:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://realmoney.thestreet.com/investing/global-equity/will-jack-ma-have-to-sell-out-of-ant-and-alibaba--15627895?puc=yahoo&cm_ven=YAHOO><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ant and Alibaba are in talks with Chinese regulators about how the companies can proceed, perhaps without their figurehead.Stocks quotes in this article:BABA,V,MAWill it take Jack Ma's exit as a part ...</p>\n\n<a href=\"https://realmoney.thestreet.com/investing/global-equity/will-jack-ma-have-to-sell-out-of-ant-and-alibaba--15627895?puc=yahoo&cm_ven=YAHOO\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://realmoney.thestreet.com/investing/global-equity/will-jack-ma-have-to-sell-out-of-ant-and-alibaba--15627895?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139296239","content_text":"Ant and Alibaba are in talks with Chinese regulators about how the companies can proceed, perhaps without their figurehead.Stocks quotes in this article:BABA,V,MAWill it take Jack Ma's exit as a part owner of Alibaba Group Holding (BABA) and its Ant Group fintech spinoff to remove the overhang from BABA stock? And to enable Ant's mooted initial public offering to go ahead? That seems to be the case.Ant is negotiating its path ahead with regulators. One fork would see Ant founder Ma divest his stake in Ant and surrender control, according to Reuters on Monday citing sourcesclose to the company and \"familiar with regulators' thinking.\"Ma has been the figurehead for Alibaba and Ant. Now he is its lightning rod. The Chinese Communist hierarchy has flashed a flurry of bolts down that pole, and Ma may need to leave to ensure the companies can proceed shock-free.Alibaba shares fell 1.5% on Monday in Hong Kong, on a day the benchmark Hang Seng index rose 0.5%. The CSI 300 index of the largest mainland-listed companies put on an impressive 2.4% in Shanghai and Shenzhen.Since October 2020, when Ma gave a fateful speech to a business conference in Shanghai, Alibaba shares have fallen 22.1%. They continue to drift lower despite Ma's withdrawal from public life - and the fact that he \"retired\" from any executive role at Alibaba in September 2019.The Communist Party is angry enough at Ma, and scared enough at the influence that his companies have developed, that they are disrupting China's best-known digital brand. In November, President Xi Jinping himself reputedly intervened to prevent the world's largest initial public offering, Ant's US$37 billion flotation in Hong Kong and Shanghai, from taking place.China's financial regulator, the China Banking and Insurance Regulatory Commission, and the central People's Bank of China have met with Ma and Ant separately in the first quarter, Reuters reports, with Ma's exit from the company discussed.Ant has denied this. \"Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone,\" Ant said in a statement.Ma owns 34% of a company, Hangzhou Yunbo, that in turn controls 50.5% of Ant Group via two partnerships,according to the prospectusfor its cancelled IPO. Three other insiders own the other 66% of the controlling company. The prospectus makes clear that Ma can dictate the decisions of that group, effectively giving him ultimate and complete control.Maowned 4.8% of Alibabaafter an US$8.2 billion share sale last year. But the 38-member Alibaba Partnership controls a majority of the board seats on the company. Ma is still one of six directors of that partnership, according to thecompany's Web site, giving him substantial behind-the-scenes power.All other parties, from Alibaba through the government, are declining to comment. Aside from a carefully calibrated visit in January to a school in rural China, at a time no pupils were present, Ma has not been seen in public since he ran into trouble late last year.This is a man who loves the limelight, who has appeared alongside Cantopop diva Faye Wong to sing a duet during an Alibaba livestream, and who belted outCan You Feel the Love Tonight?in full glam-rock flame-leather jacket, silver wig and shades to celebrate Alibaba's 10thanniversary. His absence is akin to Elon Musk's sudden silencing, and disappearance.Last October, Ma took his rock-star persona on stage at a financial summit in Shanghai, albeit in a suit rather than a leather jacket. He took the risky step of criticizing in public the Chinese banking system, and by implication the Communist Party that sits atop it. Ma said Chinese big banks had a \"pawnshop mentality,\" while Ant was extending credit to consumers and companies with little other access to borrowing.Many small businesses complain that large Chinese banks favor state-owned enterprises, which they give their best lending rates. Entrepreneurs often struggle to get mainstream backing for their ideas. So Ma's message is hardly revolutionary. His mistake was to make his criticism so public.That coupled with Ma's jetsetting lifestyle, in which he met with heads of state, kings and, yes, Bill Gates made the Communist hierarchy uncomfortable. When Ma took the stage in Shanghai, knowing full well that regulators were working on new rules to govern fintech companies such as Ant, and were in attendance, they decided they had had enough. It appeared he was attempting to shape their new rules through the court of public opinion.One of the Reuters sources said Ant hopes Ma's stake could be sold to existing Ant investors or to Alibaba without involving any external third parties.On the regulatory side, a second source said Ma would have to sell out his stake to an entirely different and unrelated entity. The obvious candidate would be a Chinese state-owned enterprise or one of its Big Four banks.Of course, any of this still needs to be cleared by Beijing. When it comes down to it, the Communist Party hierarchy do not want any company being powerful enough that it could challenge the party, or direct how the party shapes corporate policy.Ant Group, which operates the ubiquitous Alipay e-payments app, already agreed last week to restructure its operations, turning itself into a financial-holding company under the auspices of banking regulators and the central bank. New capital requirements will force it to drastically cut back its consumer-lending business.Two days prior to the restructuring announcement, Alibaba had been slapped with a record C¥18.2 billion (US$2.8 billion) fine for engaging in anti-competitive behavior. Alibaba shares jumped 8.5% on word of that news,as I explained last week, because Alibaba itself wasn't ordered to restructure, and can move on.The fine, 4% of revenue when it could have been as much as 10%, seems just large enough to act as a significant deterrent to other companies while remaining manageable for Alibaba to pay out of \"petty cash,\" the cash balance of C¥339 billion (US$51.7 billion) it had as of the end of last year.Although he has resigned as executive chairman of Alibaba, and is one of 18 co-founders of the company, Ma remains the face of the company in many people's minds. He is the lynchpin and charismatic figurehead, the guy who pulled those friends and colleagues together in his apartment in his hometown, Hangzhou, back in 1999. Alibaba was at first purely a B2B marketplace, linking Chinese manufacturers with distributors. When eBay entered China in 2003, it created the consumer-to-consumer Taobao Marketplace, \"Taobao\" meaning \"Digging for Treasure.\"Ma established Ant's flagship app, Alipay, in 2004 as a way to hold funds in escrow so buyers and sellers on Alibaba's Taobao e-commerce site could transact with confidence. Ma controversially seized control of Alipay from Alibaba, rechristening it Ant in 2014. Alibaba has ultimately ended up owning one-third of Ant.The surge in e-commerce left Ant with huge temporary cash balances. It processed US$17 trillion in transactions for the year through June, making it the largest processor of payments in the world, above Visa (V) or Mastercard (MA) . Its microloans, mainly for consumer-goods purchases, make it essentially the largest consumer lender in China, responsible for around 10% of consumer credit in 2020.The Chinese Communist Party may at first have been unaware quite how large and powerful Ant had become. It is now intent on weakening Ant's hold over China's financial system. It is pulling once-freewheeling Ant and Alibaba under state direction and control, through regulation and restructuring.Where that leaves Jack Ma's ownership stakes and carefully crafted control, itself structured through layers of voting rights and controlling companies, is now being hashed out behind the scenes. Ma's retirement from executive roles hasn't been enough to satisfy China's leaders. What kind of ownership departure he's forced or allowed to make remains to be seen.","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":1291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371021963,"gmtCreate":1618894113752,"gmtModify":1704716484843,"author":{"id":"3579935024398704","authorId":"3579935024398704","name":"JovenTey","avatar":"https://static.tigerbbs.com/c5ff355ce66d2d38bade5b7ba95269dc","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579935024398704","idStr":"3579935024398704"},"themes":[],"htmlText":"Dead","listText":"Dead","text":"Dead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371021963","repostId":"1132732309","repostType":4,"isVote":1,"tweetType":1,"viewCount":1058,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}