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3 Secrets That Will Bring You Success For Any Triangle Pattern
Not all triangle patterns are as powerful and reliable. In fact, triangle patterns often fail to deliver. However, there are 3 secret characteristics of those which are highly reliable. The profits that these triangles bring are usually massive, out-sizing the amount of risk.To get more news about WikiFX, you can visit wikifx official website.
Before diving in to the 3 secret characteristics, youll need to know how triangle chart patterns look like and the 2 most common types of triangles.
1. At least 4 swings (up and down), with one of the lines being horizontal, hence the name of this triangle pattern
1. Each peak is lower than the previous and each bottom higher than the previous
2. Prices and volume diminish as the pattern is formed
3. Prices and volume usually move sharply upon the breakout (only for a bullish breakout)
What Happens Inside The Triangles？
In a bullish triangle, the bulls and bears are having a massive fight. Initially, the bulls look to be winning, but the bears wont give up without a fight. As the bulls push prices up to a certain level, the bears step in, pushing prices down. The same cycle repeats, forming a triangle.
In a bearish triangle, the bears force prices down before the bulls wake up to push prices back up. This cycle repeats, forming a triangle.
3 Secret Characteristics
You have learnt how to identify and differentiate the 2 main types of triangles. You are ready to discover what the 3 secret characteristics are.
These 3 secret characteristics improve the reliability of the pattern:
1. The nearer the breakout occurs to the apex, the better
2. The more prices touch the lines, the better
3. Be wary if the volume is low during the bullish breakout Read more...
What You Need To Know About Rounding Top And Bottom
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These 2 chart patterns are extremely helpful in warning you of an upcoming reversal, allowing you to make money. They are the rounding bottom and rounding top chart patterns.Just prior to the rounding bottom, prices could be rising or falling. At the start of the rounding bottom, prices start to fall due to heavier selling.
After some time, optimism returns and the demand pushes prices up. This results in the right side of the rounding bottom forming.
Prices are rising. Optimism is high and prices seem to lack gravity. All of a sudden, prices seem to lose momentum.
Gradually, prices started to decline, forming the right side of the rounding top chart pattern. Pessimism has crept in.
Before you know it, prices plunge below the resistance zone (in gray), never turning back.
Spot It Right
To avoid getting caught in a fake rounding top and bottom chart pattern, youll need to know the characteristics of both patterns.
Volume is a critical component in identifying these chart patterns correctly. Read more...
Recently, the sterling suffered a sharp loss in the wake of the fact that the UK-EU trade talks are teetering on the brink of collapse. It comes because the UK is preparing to legislate to deal freely with Northern Ireland's freight under the expectation that a trade deal with the EU is beyond reach. Once it succeeds, products from Northern Ireland will have unfettered access to the UK's market without any customs declarations as the UK has the power to decide which goods are subject to EU tariffs, but the EU's subsidies involving Northern Irish firms may not be active.To get more news about WikiFX, you can visit wikifx official website.
However, the above term is a breach of last year's Brexit deal, in which it was agreed that Northern Ireland would remain aligned to EU customs rules to avoid a hard border on Ireland. This was an important concession of the UK at that time, and the largest difference between the two parties was thus resolved. But now, the EU is likely to take legal actions over the UK's breakdown of the deal since an angry backlash has been provoked by Johnson, the British Prime Minister, who simply overrode the achieved deal after anticipating a failed negotiation.
Over the past few months, the sterling has been gaining although there was no progress made in trade negotiations. The stalemate over the talks surprisingly sparked a rise in the sterling both because of the weak greenback and the expectation of financial markets on further negotiation. This time, however, the U.S. dollar has reclaimed its strength and the talks shall most probably break down.
Currently, financial markets are worried about not only the Brexit with no trade deal, but last year's Brexit deal would all be overridden. That is, not just a trade deal is beyond reach, but a clean break from Europe is even possible, which will lead to a sustained sell-off of the sterling. Although there is a chance for US stocks to bounce back and again hamper the DXY, traders seem extremely worried that the UK would eventually adopt such hard Brexit. Thus at this stage, the sterling is not only out of momentum in the rebound, but may even struggle in panic selling. Unless a UK-EU agreement is achieved dramatically, the sterling is almost certain to be thrust into a vulnerable position. Read more...
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Luật chơi bacara yêu cầu tất cả cá cược trên bất kỳ bàn tay cụ thể phải hoàn thành trước khi bàn tay bắt đầu.Trò chơi bắt đầu với hai lá bài được chia cho mỗi hai tay, được biết đến như là tay chơi và tay ngân hàng.
Mục tiêu của trò chơi ở bacara sống là dự đoán là tay nào sẽ nhận được tổng số gần chín nhất.Điều này được làm bằng cách đặt cược trên tay Ngân hàng, tay Người Chơi, hoặc đánh cược rằng vòng tròn sẽ kết thúc như cà vạt.
Tính toán tổng số tay nào, tất cả các chục và'8916;face\ 817; thẻ have a value of zero, a Ace has a value of one, and all left cards score at their face value
Tuy nhiên, nếu bất kỳ bàn tay nào có điểm cao hơn chín, điểm số đó được điều chỉnh bằng cách trừ 10 khỏi tổng số gốc.
Nội quy của ngôi nhà ở bất kỳ địa điểm nào sẽ quyết định có quyền rút thẻ thứ ba hay không.Và trong mọi trường hợp, sẽ luôn có đến tối đa ba lá bài sẵn sàng cho bất kỳ tay nào.
Những ai đặt đúng vào một tay chơi đã đủ tiêu chuẩn cho một tiền ra 1-1.Tuy nhiên, trong khi những người dự đoán chính xác về một bàn tay ngân hàng thắng cuộc cũng có thể nhận được tiền từ một đến một lần, theo luật chơi Baccarat họ phải trả cả một lượng tiền hoa hồng luôn.Điều này có tác dụng của việc giảm tỷ lệ chi trả trên tay này đến 19 tới 20. Read more...
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Baccarat là một trò chơi bài so sánh được chơi giữa hai tay-- người chơi và chủ ngân hàng.Có ba kết quả cho mỗi trận đấu.Một trong đó người chơi có điểm cao nhất, một trong đó người chủ ngân hàng có điểm cao nhất, và thứ ba là điểm hòa.Điều làm cho trò chơi khác biệt là nguyên tắc của chữ\ 812; đầu tiên và sau đó cá. 817; một khi người chia bài, người chơi có thể chọn nhiều vị trí để chơi.Món ăn lớn nhất so với các bàn bacara được tìm thấy trong sòng bạc Macau.
Phiên bản của trò chơi Baccarat quyết định s ố ghế ngồi của các cầu thủ, nằm ở độ 9-14, cùng với vị trí của người phân phối cả 817.Không quan tâm đến số cầu thủ, chỉ có hai tay chơi bài: người chơi và chủ ngân hàng.Mỗi người chơi có liên kết cá cược riêng mà không có thẻ cá nhân.Mỗi người tham gia được đặt ba hộp cược trên số điện thoại trên đỉnh bàn cảm xúc.Liên quan tới ba kết quả có thể- cầu thủ, chủ ngân hàng, và cà vạt.
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Nó đề cập đến cụm từ miêu tả lợi thế của ngôi nhà với cầu thủ trong khi họ đang chơi Baccarat.Đặt cược vào người chơi có lợi thế nhà ở 1.36=, trong khi đó là 1.06=$trong trường hợp cá nhà băng.Nói chung, đánh cược trên cà vạt được xem là một trong những động tác tệ nhất của một cầu thủ khi nó tăng mép nhà lên thành một đánh một phần mười bốn.Tỉ lệ thắng tay của cầu thủ 817;s là 44.61=, ngân hàng 817;s hand thă thắng là 45.83=, và tỷ lệ cược cho trò chơi là cà vạt chỉ là 954.54=. Read more...
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PCB Thermal Shock Test (TST) aims to verify potential problems owing to sudden exposure to temperature differences and possible issues resulting from frequent temperature alterations, including bodily damage, discoloration, resistance variation, etc.To get more news about Halogen Free PCB, you can visit pcbmake official website.
The main difference between TST and the traditional TCT is that the temperature alteration is gradual in TCT, which aims to manifest structural problems of the product by way of CTE mismatching. In TST, the transit time between different temperature troughs is only 10 seconds, this short interval is insufficient for manifesting CTE mismatch, the test therefore aims to induce material failure of the sample as a result of sudden temperature changes (thermal shocks).
There are two types of TSTs, those with liquid chamber and those with gas chamber; both types comprise double chambers (a cold chamber and a hot one). As a sample is moving from one chamber to another, the reside time includes the transit time, the tested sample must achieve the required temperature (changes) within two minutes. Based on test conditions suggested in IPC-TM-650 method 2.6.7, FR4 materials use condition D and FR5 materials use condition E; total number of cycles depends on IPC specified suggestions with a minimum of 100 cycles.
PCBs used for TST can be of the daisy chain design or of the actual products. The daisy chain design enables decrease of the sample number and provides more thorough observation of the product, which are more helpful in qualifying new suppliers. Read more...
Halogen-free PCB Reliability Test and Failure Analysis
The Printed Circuit Board (PCB or PWB) is the base of electronic products. A PCB integrates and connects various electronic components to form a product assembly.To get more news about Halogen Free PCB, you can visit pcbmake official website.
PCB has a history of several decades. In the recent trend of miniature and light-weight electronic products added with promotion of lead-free processes, the assembling temperature of either reflow soldering or wave soldering gets higher, therefore the potential influence resulting from the additional thermal stress against the tranditional PCB becomes worse, hence product defects attributed to PCBs also worsen when compared to that before the transfer to lead-free processes. Although material suppliers developed high Tg substrate or improved hardening agents to overcome the thermal stress issue, other problems occurred, e.g., reduced Bond Pad Strength, poor hole-drilling quality, and Conductive Anode Filament (CAF) effect. Therefore PCB Reliability Test once more becomes highly focused.
Apart from the issue of lead-free application, international non-government organizations (NGO) actively promote Halogen Free processes. Meeting requirements of lead-free processes and Halogen limitations, We have developed a reliability test addressing properties of PCB materials to assist customers in obtaining certificate of preliminary product reliability tests or product sampling analyses.
Temperature Cycling Test (TCT) of PCB is the most popular and most important approach. TCT is normally accompanied with a dynamic resistance measurement system, e.g., a Datalogger or and event detector. The main purpose of TCT is to make use of the “CTE (Coefficient of Thermal Expansion) Mismatch” effect between ingredients with different thermal expansion coefficients. Quality risks in the product can be identified through the long-period high-/low-temperature cycling that leads to through-hole cracking and/or product delamination problems. This approach is highly beneficial to multi-layer products and HDI products; it can also identify and improve the strength, plating quality and process stability of the Lamination Bond. Temperature Cycling test can be performed together with non-dynamic tests where a set number of cycles is selected for measuring resistance values.
PCBs used for the temperature cycling test can be of the daisy chain design or of the actual products. The daisy chain design enables decrease of the sample number and provides more thorough observation of the product, which are more helpful in qualifying new suppliers. Read more...
IPC-2581C, Generic Requirement for Printed Board Assembly Product Manufacturing Description Data and Transfer Methodology is the eagerly anticipated update of IPC’s widely adopted global standard for PCB design through manufacturing data flow. Revision C introduces groundbreaking new features, automation supporting Industry 4.0, and bidirectional DFX intelligence capability that eliminates the time-consuming back and forth between design house and manufacturers before production can begin.To get more news about Cavity PCB, you can visit pcbmake official website.
As technology in the industry progresses, including the latest additive processes with embedded components within the PCB, the IPC-2581 committee of experts has introduced support for the latest technologies, representing every aspect of modern PCB design. Updates include overhauled support for rigid-flex, embedded components, cavities, coins, attenuation parameters, connector ports, pin polarities, edge plating, countersink/counterbore, square drill, and intended net-shorts.
Ensuring that all related data is in digital form, IPC-2581 represents the method of choice for automation between design and manufacturing, significantly surpassing proprietary and legacy formats.
As a specific highlight, revision C includes the bi-directional DFX data exchange through which feedback between design and manufacturing is conveyed and tracked before manufacturing begins.
“DFM checking and resolution can be a frustrating and time-consuming process that poses little overall benefit for our customers” said Greg Link, FAE manager for WUS Printed Circuits. “IPC-2581 revision C addresses the need for a collaborative, executable exchange for DFM issues eliminating spreadsheets, PowerPoints, and emails, accelerating new product introduction for our customers."
“As the industry continues to move toward digital data exchange, the timing is right for the technology behind IPC-2581C to bring the opportunity for critical savings and efficiencies in engineering workload. The update benefits both design and manufacturing, supporting agility and responsiveness within the holistic electronics manufacturing process,” stated Matt Kelly, IPC chief technologist.
“IPC-2581C is also a major component of the digital twin architecture and strategy, setting the standard for interoperability between different digital twin solutions, bringing maximum value from data,” Kelly added. “IPC-2581 revision C is much more than an incremental update, providing the industry’s only fully digitalized and automated data exchange. It is ready to be a critical part of any PCB fabrication and assembly manufacturing smart factory strategy. Read more...
Global Egg Processing Equipment Market Size, Status and Forecast 2020-2026 includes point by point data which enlarge the understanding, scope, and application of this report. The market report divided by producers, regions, applications, and types provides information based on portfolio, applications, cost, producing processes. The report covers the current global Egg Processing Equipment market trends, future advancement extension, and industry growth analysis. The report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive landscape, sales analysis, recent developments, and opportunities analysis.To get more news about egg breaking machine, you can visit dinneregg official website.
The report further describes the highest and slowest growing market segment in order to provide valuable insight into each key market element. Merger and acquisition activities are expected to change the market environment for this sector. The attributes and implementation are categorized depending on the subjective and quantitative technique to give a straightforward picture of the present and future estimation during 2020 to 2025 time-frame. The report efficiently displays the status of the global Egg Processing Equipment market on the local and worldwide stage with diagrams, figures, and facts.
Based on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including: Liquid egg products, Dried egg products, Frozen egg products,
Further, the report offers a comprehensive assessment of all opportunities and risks in the global Egg Processing Equipment market. The report finalizes overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies in the market. The report also emphasizes on the business-centric characteristics covering the industry concentration rate and the competitive ranking.
Geographically, the global Egg Processing Equipment market is segmented into North America (United States, Canada, Mexico), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Philippines, Vietnam), Europe (Germany, France, UK, Italy, Russia, Rest of Europe), Central & South America (Brazil, Rest of South America), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa). This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2020 to 2025. Read more...
Egg breakers with a capacity of 7 000 to 180 000 eggs/hour
Our egg breakers (separation of yolk and white, or not) enable you to carry out breaking under the best possible conditions in terms of hygiene and productivity while avoiding product loss as much as possible through optimal shell drainage.The smallest capacity is 7,000 eggs/hour (whole egg production only). Our range of white/yolk separating breakers vary from 9,000 to 180,000 eggs/hour thanks to advanced cup separation technology combined with a high performing scanner.To get more news about egg breaking machine, you can visit dinneregg official website.
The breakers can be connected directly to the farm packer or powered by unstacking machine loaders adapted to different capacities. The equipment, manufactured in stainless steel, is robust, completely washable and can be disinfected.
Ovoconcept creates complete "turnkey" lines. Our internal engineering research department studies each case in close collaboration with the client, and determines the best options according to the volumes and products the client wishes to process.
We can offer you capacities from 250 to 6,000 kg/hour in whole eggs or in white/yolk separation. Read more...
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Introducing the Power Scrub Egg Washer, an affordable egg washing machine with the ability to wash up to 3500 eggs per hour.* Designed in 2017 and manufactured in America by an experienced pastured poultry egg producer, the Power Scrub chicken egg washer is built using a variable speed drive, and is able to wash heavily soiled chicken eggs without losing efficiency. After passing over the optional LED candler, soiled eggs are fed into the egg cleaning machine, and the clean eggs can be either run around to the front of the machine for packing, or sent right onto your current table.
Unlike homemade egg washers or inferior portable egg washer machines, our egg scrubber is designed to be low-maintenance, durable and safe. It uses stainless steel sealed bearings that will not rust or corrode, and never needs replacement oil or grease. Made from food grade stainless steel and HDPE plastic, our egg cleaner is both safe and easy to clean.
Once you compare the features of the Power Scrub to other small scale egg washers for sale, you’ll understand why it’s the fast, efficient way to put a shine on your eggs. Now that’s something to cackle about! Read more...
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Since at least the days of Tolkien, fantasy-rich tales like Lord of the Rings have relied on cohesive systems of lore, history and universe-building to attract audiences.
But often that's easier said than done. In 2020, as megabrands like Marvel and Star Wars stretch themselves thin across movies, TV, video games, books and comics, someone needs to be responsible for making sure things retain a modicum of consistency.Starting life in 1994, but reaching critical mass with 2004's World of Warcraft, Blizzard Entertainment's Warcraft universe is one of the best examples of a long-running, multimedia narrative. Five core video games, five tabletop card games, over 30 novels, 10 comics, six manga and a film adaptation have all been released in the space of the last 26 years.
We spoke to Steve Danuser, lead narrative designer for World of Warcraft, to find out how one gigantic multiplatform universe can cohesively function across so many different forms of media. "A big part of my job is to focus on the game and make sure that our team is telling great stories within the world, but another big part of it is also interfacing with all the other departments at Blizzard," Danuser said.
More often than not, it comes down to three C's: consistency, context and credible growth. As the story grows, it needs to do so for constructive reasons -- not just for the sake of it.World of Warcraft lies at the heart of the Warcraft universe's continued success. The massively multiplayer online role-playing game has consistently attracted millions of players over its 16-year history.
Danuser's role is to create the story at the heart of this massive universe, from coming up with plotlines and dialogue through to corralling a huge team of writers, designers and other creatives.
To keep the narrative in line with supplementary novels, comics, manga and more, the most critical element is the capacity for intense communication. Establishing the cadence of these supplementary media forms is paramount in evaluating how they fit into the story.When it comes to books, for example, we have long-term strategy meetings where I tell them what's going on in the game and then we talk about ideas for books that can arise out of that," Danuser said.
But this relies heavily on the development of a central narrative, capable of spanning pages upon pages of content, planned months -- sometimes years -- in advance. It's something Tom van Laer, a professor of narratology at the University of Sydney, Australia, refers to as a "signature story."
"A signature story has a couple of features," explains van Laer. "It's perceived as authentic, while at the same time is incredibly involving. There's a lot going on. They tend to be quite epic -- big searches for cradles of knowledge, for example." Read more...
World of Warcraft’s Shadowlands expansion asks players to choose between one of four Covenants, each with its own unique theme, storylines, and rewards to be earned. Rather than deal with the FOMO associated with picking only one of the four, I’ve chosen to play four characters at once, dammit.To get more news about buy wow classic gold, you can visit lootwowgold official website.
This is not how I normally play through a World of Warcraft expansion. I pick a single character to focus on, a choice made in the weeks leading up to an expansion’s release. For recent expansions I’ve been alternating between playing Alliance and Horde, going through as one faction first, then swapping to a character of the opposing faction to experience the other side of the story.
Shadowlands is different. For one, there’s only one side of the story this time around. Where the previous expansion, Battle for Azeroth, presented very different campaigns for the warring factions, Shadowlands unites all of Azeroth in a fight to preserve the balance between life and death. Both sides get the same quests in the same zones. My characters aren’t fighting for Alliance or Horde, they’re fighting for life itself.
Okay, what they’re really fighting for is all the themed goodies that come their way as part of the Night Fae, Kyrians, Necrolords, or Venthyr. Up for grabs are unique mounts, pets, armor, weapons, and more. Check out what I can earn as a member of the Night Fae Covenant. Look at that lovely neon pastel mount. The lil pet! They’ve got backpacks with bugs on them, which is so good. As an added bonus, folks who choose the Night Fae get the ability to transform into a glowing blue critter.
The Night Fae were my first choice, for obvious reasons, but it was not an easy decision by any means. Each Covenant has its own charm. The Necrolords can create their own undead constructs. Venthyr can host fancy dinner parties and roleplay as vampires. The angelic Kyrian get to go door-to-door dressed in their Sunday finest, handing out literature about their totally legit afterlife cult. As I wandered the shadowlands as my Night Fae rogue, completing world quests to earn faction toward faerie rewards, I couldn’t stop thinking about the vampire, necromancer, and cultist rewards. Read more...
Financial Times Asia-Pacific Business Schools 2020
The Financial Times (FT) first launched the Asia-Pacific Top Business Schools Ranking in 2017. Recently, the ranking was released again on Dec. 3, 2018, in which Antai College of Economics and Management (ACEM), Shanghai Jiao Tong University, ranked first for two consecutive years, followed by Ceibs and National University of Singapore Business School.To get more news about business universities in china for international students, you can visit acem.sjtu.edu.cn official website.
The Asia-Pacific Business Schools Ranking was made by comprehensively considering the quality and breadth of business schools’ programs and based on the performance of the four core programs (MBA, EMBA, MIM, EE Open & Custom) of business schools from academic programs to professional programs in 2018. Each of the four core programs accounted for 25% of the total, and in each individual ranking, independent programs received 100% of the ranking score, and joint programs of two business schools received 50% of the score for each school. The ranking method scientifically strengthened the core independent program indicator in the competitiveness of various business schools, and objectively evaluated the international level of basic academic education and professional education provided by business schools.
ACEM is the only Asia-Pacific business school among all FT’s individual rankings. In 2018, the four core programs of ACEM continue to rank among the top 40 in the world and the top 10 in the Asia-Pacific region:l The Global MBA ranking announced in January 2018:ACEM’s MBA program ranked 34th in the world and 8th in the Asia-Pacific region, being first in “employment” and “salary increase” in the worldl The Executive Education (EE) ranking announced in May 2018:ACEM’s EE program ranked 17th in the world, with custom program and open program being 2nd and 1st respectively in the Asia-Pacific regionl The Masters in Management (MIM) ranking announced in September 2018: ACEM’s MIM program ranked 18th in the world and 1st in the Asia-Pacific region, being among the world’s top 50 for ten consecutive years, and being first in “employment” and “salary increase” in the world Read more...
Jack Ma's Ant IPO Tests China's Tolerance of Entrepreneurship
As the second largest economy in the world, China garners a lot of attention. That attention has been heightened due to one of the superstars of China's growth story, Jack Ma, seemingly finding himself the target of China's ruling party. Ma has been largely absent after pulling what was expected to be a massive initial public offering (IPO) of his large fintech company Ant. We'll look at what led to the halting of the IPO and what it might signal for entrepreneurship in China.To get more ant group ipo news, you can visit shine news official website.
China has made a habit of confounding many of the predictions made about it beyond the main one of growth. Prognosticators and pundits have long made calls on how opening the economy would move China along the road to more of a democratic model. While China has opened up in many, many ways in the past few decades, President Xi Jinping has removed his own term limits and looks to be consolidating more power in the ruling party. So in some ways China is moving further away from democratic reform even as it continues down the road of opening its economy.1
The version of the market economy that China has embraced is similarly uneven. Owning a small to medium-sized business in China is encouraged, and entrepreneurship was a major driver of growth in the economy. Due to the scale of China's economy, many medium-sized businesses are in fact quite large in terms of global ranking. However, large sections of the domestic economy still have state-owned enterprises (SOEs) at the top, which work in concert with regulators.
Somehow, China still continues to push ahead through what appears to be a maze of contradictions to outside observers. Case in point: we are looking at the seeming censure of Jack Ma, one of China's most successful tech entrepreneurs, but this saga is playing out at the same time as China is poised to give unprecedented access to its financial sector to Wall Street investment banks.2
Jack Ma is China's richest person, and he created that wealth through Alibaba Holding Group Limited (BABA) and its payment/financial service twin Ant Group that grew out of Alipay – a system designed to support the core e-commerce business. The two companies taken together have an enormous presence in China and have enjoyed surprisingly little regulatory pushback up until now.
There were skirmishes between Ma's companies and the Chinese regulators, but the intensity has been heating up in the past few years. Alibaba now finds itself under an antitrust investigation, Ant is in the targets of regulators at the People's Bank of China (the central bank), and new draft antimonopoly rules seem squarely aimed at Ma's empire, as they deal specifically with consumer data and differential pricing. The question is why this is all happening now.
The answer seems to be that Ma upset the wrong people. A speech given by Ma in Shanghai in October where he was very critical of regulators has been reported as the trigger for President Xi personally intervening to halt the IPO and force Ant Group to shrink down to a pure payments service.3
Whereas Alibaba sticks largely to e-commerce, Ant's fintech presence ultimately encroaches on an area where SOEs still rule – banking and financial services. So even as China opens up part of its financial sector to foreign financial firms, it is moving to rein in homegrown competition to state-owned commercial banks. Read more...