Ant Group just filed to go public through an IPO, which means investors will be able to invest in the massive app Alipay very soon! Alipay is a former spinout from Alibaba, and is the number one mobile payments app and a top mega-app in China.
Justin looks through their IPO filings and shares how they have an insanely dominant business model and will see massive growth in the Chinese consumer markets. Finally, Justin analyzes the proposed IPO company valuation compared to Alibaba ($BABA) and Tencent ($TCEHY), and explains if he's going to be buying the stock when they go public.
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Podcast: "A Couple Cents"