Sources: Alibaba's e-commerce subsidiary Ant Group is planning an IPO in Hong Kong as soon as this year, targeting a $200B+ valuation
HONG KONG (Reuters) - Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation …
Exclusive: Telegram to temporarily refuse data requests from Hong Kong courts amid security law ‘terrorism’ row https://hongkongfp.com/... @telegram #Hongkong #china https://twitter.com/...
@onlyyoontv
Eunice Yoon on x
Ant denies the story but speculation rife of a #HongKong IPO for the fintech arm of @AlibabaGroup. MT @Reuters @antgroup plans a Hong Kong float as soon as this year and targets a valuation of more than $200bln, sources say. $BABA https://www.reuters.com/...
@paulmozur
@paulmozur on x
Amazon and Google, which both have big data centers in Hong Kong face a trickier call. There may be ways to put encryption keys offshore, but that slows down connections. Facebook could also geo-block certain terms within HK, effectively fencing it off from the world.
@paulmozur
@paulmozur on x
There do seem to be some workarounds though. If the tech isn't available to take down posts or access data, then that's a defense. Edmon Chung at the Internet Society of Hong Kong said companies could design their tech to help them use that provision in the law.
@paulmozur
@paulmozur on x
Much rests on how aggressive Hong Kong/China gets in enforcing the law and whether it goes after Google, Facebook etc. The potential is there for a Google employee to be arrested because the company will not provide data on an overseas user HK views as a national security threat.
@paulmozur
@paulmozur on x
As details of new internet controls for Hong Kong emerge, the city is becoming a front line for a global fight over digital rights and internet freedoms. For now American tech cos have circled the wagons, but the new law could imprison tech employees. https://www.nytimes.com/...