(This December 17 story has been refiled to fix typographic error in paragraph 44) By Ju-min Park and Hyunjoo JinSEOUL (Reuters) - When Choi Ba-da pitched his car-sharing firm Luxi to Hyundai Motor officials in 2017, he told them there would be no future for South Korea's top automaker if it failed to embrace emerging technologies.His pitch worked: Hyundai agreed to buy a 12 percent stake in Luxi for $5 million, its first investment in a car-sharing firm as it joined rivals in the race for new-age transportation. But about six months later, Hyundai sold its stake after thousands of angry taxi drivers, worried about their jobs, threatened to boycott Hyundai cars, Choi told Reuters. Hyundai officials say they were also wary of laws limiting car sharing in South Korea.Hyundai's breakup with Luxi illustrates how rigid regulations, strong labour unions and a risk-averse culture among South Korea's giant family run conglomerates, or chaebol, have hindered the growth of start-ups in Asia's … [Read more...] about No Uber or Airbnb in South Korea: Red tape, risk-aversion hobble start-ups
Ant financial ipo
Ant Financial Opens Payment Portals in UK for Chinese Visitors Chinese tech giant Ant Financial on Monday set out major expansion plans to make the UK one of its biggest international markets for mobile payments. HONG KONG, HONG KONG, HONG KONG, October 2, 2018 /EINPresswire.com/ -- The move comes ahead of its anticipated blockbuster stock market listing: Ant - the payment affiliate of China’s leading tech group Alibaba - already has 700 million users in China alone using its digital wallet app to hail taxis, make doctor appointments and buy investments as well as its core business of online and bricks-and-mortar payments. Now at the start of China’s Golden Week national holiday season when wealthy Chinese tourists flock to the capital’s shops, restaurants and hotels, Alipay’s European boss Roland Palmer said that London is the focus of Alipay’s international expansion. “We’ve signed up thousands of merchants - in the last 6 months, … [Read more...] about Knight Investment Limited – Alibaba – Ant Financial Expands Payment Portals to UK
X Financial IPO Expected to List Today Welcome to SCH Advisors monthly research paper. Each edition will highlight a specific company within a progressive dynamic sector. MANHATTAN, NEW YORK, NEW YORK, September 19, 2018 /EINPresswire.com/ -- SCH Advisors is a leading independent stock advisory firm that works with a variety of clients from institutional and corporate to retail and private investors. Our objective is to offer uncompromised advice, enabling our clients to make pertinent investment decisions. Specializing in sectors known for exceptional growth, SCH Advisors is here to guide, advise and execute your wealth management strategy. Welcome to SCH Advisors monthly research paper. Each edition will highlight a specific company within a progressive dynamic sector. Expected to list later today, X Financial aims to sell 11 million ADSs at $10.00 per ADS representing underlying Class A shares in a U.S. IPO. The firm operates an online consumer finance marketplace in China. XYF … [Read more...] about SCH Advisors – X Financial Research Paper: X Financial, China’s Next FinTech IPO
Alibaba Earnings Call on 23rd of August Hedge-fund giant Bridgewater Associates, with about $160 billion under management, has added 84,629 shares of Alibaba Group Holding Ltd. worth some $15.7m. HONG KONG, HONG KONG, HONG KONG, August 15, 2018 /EINPresswire.com/ -- As we draw closer to Alibaba’s earnings release, the company continues to draw investment from institutions and retail investors alike. Whilst the stock closed down slightly lower yesterday at $172.53, volumes over the past week have exceed the monthly average and KBICL expects the monster Chinese stock to not disappoint after its earnings release on the 23rd. Hedge-fund giant Bridgewater Associates, with about $160 billion under management, has added 84,629 shares of Alibaba Group Holding Ltd. worth some $15.7 million, to its holdings, according to a regulatory filing on Tuesday. Other notable additions to the fund, led by Ray Dalio, included 1,042 shares of Amazon.com Inc., worth $1.8 million, and 28,834 shares of … [Read more...] about Knight Bridge Investment Consultants Limited – Alibaba News, Fund Positions and Food Delivery
Ant Financial Group of Companies Knight Investment Limited shows why China’s IPO market still has plenty of potential with Ant Financial being the #1 front runner. HONG KONG, HONG KONG, HONG KONG, July 25, 2018 /EINPresswire.com/ -- Ant Financial is undoubtedly one of the hottest companies in fin-tech today. The sheer size of its user base and the financial services it covers within its group of companies makes it arguably the largest of its peers globally. Knight Investment drills down what makes this such an exciting prospect and highlights the advantages Ant Financial has over its domestic competitors. In the first half of 2018, China’s fin-tech enterprises raised around 230 billion yuan ($35 billion), over 80 percent of the global total, and three giants took more than half of the amount fundraised in China. According to data, at least 569 fin-tech investment and fundraises took place globally in the first six months of this year, involving a total of about 276 … [Read more...] about Knight Investment Limited – Ant Financial, The Next Centacorn IPO!