Ant Group’s Future and Singles Day 2020 Recap

Logo
Presented by

Brendan Ahern & Xiabing Su

About this talk

Ant Group was poised to shatter the record as the largest initial public offering (IPO) in history1. The future timing of its IPO is now uncertain as the company moves to address new regulations on the way it facilitates consumer loans. Ant Group’s IPO news comes as Alibaba’s annual 11.11 Singles Day Global Shopping Festival is in full swing. Last year over the course of 24 hours on November 11, Alibaba recorded $38.4 billion of gross merchandise sales2 with Ant Group’s systems processing 459,000 payment transactions per second3, about 7x the max capacity per second of Visa4. This year, Alibaba’s head-spinning ambition to continually shatter the record from the past year is on the line as questions still linger as to how much pandemic lockdowns affected their customers’ wallets. In this webinar KraneShares CIO, Brendan Ahern, and China-based Cultural Analyst Xiabing Xu will discuss: With its IPO on hold, what's in store for Ant Group's future? Alibaba earnings overview On the ground look at key trends from Singles Day 2020 What Singles Day can tell us about the direction of China’s E-Commerce sector heading into 2021

Related topics:

More from this channel

Upcoming talks (1)
On-demand talks (41)
Subscribers (3290)
Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. Our suite of China-focused ETFs provides investors with solutions to capture China’s importance as an essential element of a well-designed investment portfolio. We strive to provide innovative, first to market strategies that have been developed based on our strong partnerships and our deep knowledge of investing. We help investors stay up to date on global market trends and aim to provide meaningful diversification. Krane Funds Advisors, LLC is majority owned by China International Capital Corporation (CICC).