Bloomberg Business

Ant to Buy Back Shares at 70% Lower Valuation Than at IPO

Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an effort to retain talent and provide a chance to cut stakes for investors ensnared by a years-long regulatory crackdown at the company.

China Regulator Pushes Mutual Funds to Lower Fees

The China Securities Regulatory Commission plans to reform the mutual fund industry’s fee mechanisms, and push fund firms and other institutions in the industry to “reasonably” lower fees, the regulator said in a statement Saturday on its website.

China Looms Large as NATO Allies Debate Expanded Role in Asia

Japanese Prime Minister Fumio Kishida is among Asian leaders seeking to enhance ties with NATO during a key summit in Lithuania next week. Yet the alliance is split on what exactly that looks like as they grapple with how to deal with China.

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