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1178 days ago

Ants Yu'E Bao fund past peak days

Financial Times

#Stocks #Technology
ANT FUND PAST BEST DAYS

1178 days ago

Things are looking grim for wallet manufacturers

On the graph below, you can see the sales of wallets and pouches by region. As you can see, the curve was on the rise before suddenly dropping in 2020. It seems that the wallet's slide into obsolescence was accelerated by the pandemic. Even before the pandemic, people were increasingly paying with digital means. Will wallets sell again or are we witnessing a definitive turn?

#Stocks
Sales of wallets are dropping drastically

1178 days ago

Ant financial saw increasing delinquency rates caused by pandemic

The pandemic caused delinquency rates spike. Ant is not on the hook for defaults but keeping the delinquency rates as low as possible is important for their business relationships with banks. Source: FT

#Stocks #Technology
ANT DELINQUENCY RATES

1178 days ago

China will become next financial hub according to Ray Dalio

Much like the transition from the Dutch to the British to the American empires, the next in line according to Dalio is China. Chinese government bonds offer higher yields than developed countries' debt. The IMF stated China's GDP growth rate at 1.9% in 2020 while other developed nations trailed behind thus giving China more reasons for asset re-allocation. See the CSI 300 index price surge. Source: FT 

#Stocks #Bonds

1178 days ago

Swiss Digital Healthcare platform Zur Rose (ROSE) is up around 12% as BofA upgrades the stock to BUY with a CHF 500 price target

Source: Tradingview, FlowBank 

#Stocks
Zur Rose chart
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