[zhxiaobian]

Entry Level PC wrote:

Yes, but already near Peak Growth in China already.
Even Beggars in China prefer Alipay/Wechat Pay over Cash.

reddevil0728 wrote:

yea so for now there is still a lot of untapped volume within china itself no?

u may have 1.3bil ppl using the platform, but they are only spend $1 a day. but there's still a lot of room for increase in consumer spending ma

my friends above, you all missing what's ant's business model. Basically alipay and wechatpay dominated everyone's life in china, they use it everyday. Not just transfer money to friends or beggars, like that jack ma won't earn money.

Using alipay to make payment, there is a small amt charged to the merchant by alipay, iirc 0.06%, but the market is so big, that make a big part of their earning.

but many don't know ant have license to offer small loan, the product is called "借呗" (means just borrow), no cash on hand? you can anyhow borrow few hundred rmb also can, to treat ur girlfriend a good meal or whatever u want to spend, interest like 12.775%～16.425% pa

They also offer product called "花呗" (just spend), many ppl don't have credit card, but ant know u better than u know urself, they know how much u earn if your boss transfer salary to you using alipay, of course how much u spend they sure know, they let you spend first then pay back later like credit card, 18% pa.

You use alipay and taobao everyday, and ant building on you the habit of just borrow and just spend. This is a big market, growing crazy, almost 40% income (~28.6b rmb) from credit products in first 6 months this year, more than their payment business (26b rmb), pls be reminded these credit products only come to market few years ago, a lot of potential. jack ma keep pushing their gov loosen restriction on their "creativity" in doing business, he gave a speech recently on this thing, meaning wanting gov loosen control on their credit products (their gov has been tightening after impact of these credit products shown, they dont want china become US like that)

And they are growing in offering financial and insurance products also.

[reddevil0728]

zhxiaobian wrote:

my friends above, you all missing what's ant's business model. Basically alipay and wechatpay dominated everyone's life in china, they use it everyday. Not just transfer money to friends or beggars, like that jack ma won't earn money.

Using alipay to make payment, there is a small amt charged to the merchant by alipay, iirc 0.06%, but the market is so big, that make a big part of their earning.

but many don't know ant have license to offer small loan, the product is called "借呗" (means just borrow), no cash on hand? you can anyhow borrow few hundred rmb also can, to treat ur girlfriend a good meal or whatever u want to spend, interest like 12.775%～16.425% pa

They also offer product called "花呗" (just spend), many ppl don't have credit card, but ant know u better than u know urself, they know how much u earn if your boss transfer salary to you using alipay, of course how much u spend they sure know, they let you spend first then pay back later like credit card, 18% pa.

You use alipay and taobao everyday, and ant building on you the habit of just borrow and just spend. This is a big market, growing crazy, almost 40% income (~28.6b rmb) from credit products in first 6 months this year, more than their payment business (26b rmb), pls be reminded these credit products only come to market few years ago, a lot of potential. jack ma keep pushing their gov loosen restriction on their "creativity" in doing business, he gave a speech recently on this thing, meaning wanting gov loosen control on their credit products (their gov has been tightening after impact of these credit products shown, they dont want china become US like that)

And they are growing in offering financial and insurance products also.

I missed????

[iwaniwan]

Anyone got this via subscribe ?

[MrSinkie95]

Can’t get.. 800x over sub

[reddevil0728]

MrSinkie95 wrote:

Can’t get.. 800x over sub

results out already meh

[MrSinkie95]

reddevil0728 wrote:

results out already meh

https://www.businesstimes.com.sg/ban...oversubscribed

[vaxvms]

buy in open market easier lah

[iwaniwan]

vaxvms wrote:

buy in open market easier lah

expect the opening price over HKH100+

[sCuzzZy]

waiting for it on thurs.

if it opens 120 like expected im gna grab.

[iwaniwan]

sCuzzZy wrote:

waiting for it on thurs.

if it opens 120 like expected im gna grab.

won’t be surprising - if the share price go abv 150

[5408854088]

Ant Group IPO – Is it a good buy?
https://financialhorse.com/ant-group...it-a-good-buy/

[sCuzzZy]

yea that's mine expectation. but im not expert.

half of 9988.

so if its 120 its good.

[reddevil0728]

MrSinkie95 wrote:

https://www.businesstimes.com.sg/ban...oversubscribed

That’s just saying 872 over sub. But that doesn’t mean you cant be the lucky one who get

[iwaniwan]

Chances to get via subscribe is LOW

[_dXter]

Shld update this thread with the stock code 6688.HK