Description

Michael and Johnny look at Alibaba's first subsidiary, the finance giant Ant Group. We look at its company history, walk through its products, and the keys to its success. We also discuss the recent controversy around its pulled IPO amidst the Chinese government's growing concerns about its monopoly power. Finally, we determine whether it is a Rich Tech or Poor Tech company.

In the News of the Week, we cover Jeff Bezos and Elon Musk duking it out for the wealthiest person; and we take a look at all the great products showcased during CES 2021.

We live stream on Twitch Sundays at 9 AM PST!

Recorded Date: Sunday, January 17, 2021

Time Stamps

• 00:00:18: News of the Week
• 00:06:07: ANT Group History
• 00:11:53: Products and Success
• 00:17:48: Monopoly Controversy
• 00:28:42: Rich Tech or Poor Tech

Highlights

• Jeff Bezos and Elon Musk are duking it out for the world's wealthiest person
• CES 2021 happened remotely this year
• Ant Group has grown from its start as an escrow service to offering a broad range of financial services
• It has 6 product lines
• Was Jack Ma correct to highlight the short comings of the Basel Accords?
• Were the Chinese regulators right to pull Ant Group's IPO?
• Is Ant Group a Rich Tech or Poor Tech company?
• If it acts like a duck and it quakes like a duck, we should regulate it like a bank

Links

• Is the Richest Person In the World Elon Musk or Jeff Bezos?
• Best of CES 2021
• Ant Group Company Profile