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Jack Ma’s new insurance technology company is hot – Apple, not so much

September 25, 2017

Jack Ma-backed insurance technology company IPO’d on the Hong Kong stock exchange, raising USD 1.5 billion and bringing firm valuation to an impressive USD 10 billion – pretty lofty for a company that has posted three consecutive years of net losses. Meanwhile, some of China’s largest cities imposed further property cooling measures to combat the overheated property market. What isn’t as hot the new iPhone – suppliers fell 6-10% on reportedly cooling demand.

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The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles.