How Much Did Jack Ma’s Speech Cost Ant Group? About $230 Billion
Ant Group, co-founded by Jack Ma and affiliated with Alibaba Group, has announced a share buyback valued at $78.5 billion, a significant decline from its previous valuation before its IPO was halted by Chinese regulators. The combination of losses in market capitalization for Ant and Alibaba amounts to approximately $877 billion, attributed to the regulatory…