What could possibly stop a seemingly unstoppable Chinese fintech company? Let's get into it here on the upcoming Ant Financial IPO.
A roundtable edition of Ganbei with special guests:
- James Hull, Founder of Hullx and co-host of the China Tech Investor Podcast
- Brian Fleming, Member at Miller & Chevalier, co-host of the podcast EMBARGOED!
- Jemma Xu, Co-Founder at RedBlock Capital
James helps us break down the business units of Ant, their competitive strengths and how the company got as big as it is today. Jemma walks us through China’s new digital currency, DCEP, and does it pose a direct challenge to Ant and its Alipay mobile payment duopoly with Tencent’s Wechat Pay? And what does it say about the intention of the central bank PBOC to potentially box in Alipay’s growth in other verticals?
Brian, our previous guest and formerly of the US Justice Department explains some of the past failures of Ant to expand into the US with the blocked acquisition of Moneygram in 2018 and the potential impact if Ant is placed on the US Commerce Department’s “Entity List” akin to Huawei, as has been rumored in the last month.
You don’t want to miss this one.