Genting Singapore back in the black
I read in this morning's online news, The Edge Singapore that Genting Singapore is back in the black with a profit of S$54.4 million in 3Q 2020. I don't own Genting shares but still I congratulate Genting Singapore for turning the corner and I hope that their recovery momentum is maintained so that hopefully, more jobs can be...
Investors and the Alibaba Leap of Faith
Just watched CNBC news that Alibaba's Single Day sold $75 billions in world’s largest shopping binge, a lot of small merchandise from US. I am surprised. This makes you wonder if the I.P.O. would have made the Ant Group 'too big to fail' in the eyes of the Chinese Communist Party. In the U.S., 'too big to fail' means that...
Fintech – technology or business model?
Most people think of fintech as the technology. But it is also a business model. This topic became relevant with the recent action by the regulator in China just two days before the IPO of Ant Financial. The regulator wanted to impose controls over the lending activities of Ant. Why is this important? Ant has already been operating...
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