Why did Ant Group’s stock skyrocket? (Ant Group stock price chart)
Why did Ant Group\’s stock skyrocket? Editor\’s note: This article is from the ba
Why did Ant Group’s stock skyrocket? Editor’s note: This article is from the baihua blockchain (ID: hellobtc) and was written by the master of five fireballs. It is authorized to be reproduced by Odaily Star Daily.
Since 2013, Ant Group has been paying attention to the development of the Internet and technology, and started researching innovative applications in areas such as artificial intelligence and big data in early 2014. At the end of 2017, it announced the establishment of China’s first mobile payment company, called “Mamachain”. According to reports, the company named “Xiaomake Technology”, which is the first financial service platform to provide online financial services in China. Shortly thereafter, other businesses such as “Xiaomake Technology” and “Ant Financial” have been formally acquired and listed. “Xiaomake Technology”, a company controlled by Tencent, claims to be a global financial service provider focusing on the field of digital currency. On July 28, 2017, it launched a WeChat mini program app called Alipay. As of the end of January 2019, Alibaba has achieved a daily trading volume of over 1 billion users. Why did Ant Group’s stock skyrocket? According to public information, the bear market in 2019 has caused many people to have some misunderstandings about the stock market, such as many people think it is a scam or a bubble or some concept, there may not necessarily be such a big risk. But in fact, this situation has already changed a lot. For example, since December last year, we have been looking for investment targets but have not found suitable investment varieties. Therefore, we believe that investing in a stock now needs to be more cautious because the stock can easily plummet to nothing. So we recommend that investors should not blindly follow the trend to buy those seemingly simple asset categories; if we only look at their price trends to judge whether they will plummet, which factors are we considering to make our investment choices win strategies? Today, let’s talk about these reasons. What is Ant Blockchain? First of all, we need to understand that Ant, as a team of open enterprise infrastructure construction, is currently mainly developing smart hardware products and services for small and medium-sized enterprises, including products designed for consumers, software production and sales, and data processing capabilities, etc. So besides the performance improvement of the core product, there are many other advantages that need to be met. At the same time, in order to improve efficiency, we will also establish a sound data sharing mechanism, thereby reducing operating costs, reducing resource waste, and increasing collaboration difficulty, etc. Based on these characteristics, Ant Blockchain adopts a new distributed consensus network architecture to achieve a secure and trusted basic protocol layer. Through this system, it can help solve the problem of information silos, so that various institutions can directly interact with each other. And with the continuous development of technology, blockchain will gradually move towards various levels, so that each participating entity can have its own accounts and ledgers, and build a trust system together. In the future, the entire ecosystem will become more diverse and rich.
In addition, blockchain is also accelerating the breakthrough of technological bottlenecks in traditional business areas, using new technologies to empower the real economy, promote social and economic development, and also reshape the management of enterprises. Taking supply chain management as an example,
Ant Group Stock Price Chart
The Shanghai Composite Index reported 2826.43 points, the Shenzhen Component Index reported 1078.74 points, the Growth Enterprise Market reported 1094.45 points, and the Ant Group (002063.SZ) reported 114.65 points. Last Friday, Ant Group released its 2019 annual performance report; Caijing.com published the operating results and profitability assessment of Ant Technology in the first half of the year. The annual report shows that the company achieved operating income of 3.16 billion yuan and a net profit of 277 million yuan. By the end of 2018, the company’s unaudited net loss for the quarter was 1.88 billion.
According to public information, Alibaba provides payment services for Alipay. Dozens of companies including Ant Financial and Huawei have already cooperated strategically with Alibaba and obtained development empowerment for digital currency businesses. (Sina Finance)
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