Ant's mega IPO sets up Jack Ma to escalate war with Tencent Ant's mega IPO sets up Jack Ma to escalate war with Tencent
FRIDAY, SEPTEMBER 04, 2020
Ant Group's late-summer IPO filing drove home why the business -- backed by 711 million monthly users that spent $17 trillion through its platform -- is headed for potentially the world's largest stock debut. Yet investors may do well to focus on the long-term threat to its core businesses from archrival Tencent Holdings Ltd.