Chinese insuretech Waterdrop’s 20% drop on stock debut day
Insurance distribution is all about acquisition cost
We find “China probing Ant’s IPO approval process” story highly improbable
It would never take a that long.
Meituan share price actually rose after news on anti-trust probe
Always good to have certainty, which in this case probably has limited impact.
Alibaba gains US$40 billion market cap after record $2.8 billion fine
Market thinks quite positively about the news
US$2.8 billion fine is really not significant for Alibaba, what happens...
Are Alibaba's troubles over? Will it spill over?
