$Alibaba (BABA.US)$ Only 15% down, ANT should be valued as a...
$Alibaba(BABA.US$ Only 15% down, ANT should be valued as a traditional bank now. The valuation should be a fraction of its IPO valuation, or just about 15% IPO pricing.
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Brain Gomes : That's right. Regulators are reigning in Ant as financial institution. With large consequences for its value. Look at the single digit multiples large Chinese banks trade at in Hongkong.