GIC, Carlyle, others opt out of Ant's buyback after 70% valuation cut: Bloomberg

GIC, Carlyle, others opt out of Ant's buyback after 70% valuation cut: Bloomberg

FILE PHOTO: Ant Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo

A number of global investors are opting out of Ant Group’s proposed share buyback after the Chinese fintech’s valuation was slashed by more than 70%, Bloomberg News reported on Monday.

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