by JOHN SCHAFFER
Posted 13 NOVEMBER, 2020
Rob Brewis, who co-manages the Aubrey Global Emerging Markets Opportunities fund, spoke about why he holds Alibaba.
Last week saw the failure of Ant Group’s $34.5bn (£26.1bn) initial public offering after it was the Chinese government expressed regulatory concerns, halting it for at least six months.
This was a massive blow to Alibaba, which owns around a third of the company. As a result, the failed listing shaved $60bn off the tech giant’s market cap in a single day.
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