Short Sellers Target Ping An’s Fintech Unit After Ant IPO Fiasco

(Bloomberg) — The headwinds that toppled Ant Group Co.’s initial public offering now threaten a $22 billion dream of China’s Ping An Insurance (Group) Co. — to pivot from a finance group to a tech giant and be valued like one.

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While Ping An’s Lufax Holding Ltd., which offers wealth management and retail lending services, was able to complete its U.S. IPO days before new Chinese rules torpedoed Ant’s $35 billion sale, the stock has given up early gains and is now a target for short sellers. Renewed threats by U.S. regulators to delist Chinese stocks also threaten Ping An’s plans to take more of its in-house startups public.

Ant’s IPO suspension “fundamentally changed near-term investment appetite” for Chinese fintech stocks, with Lufax as “the community’s No. 1 consensus short,” according to a Nov. 5 report from Procensus, which polled 84 global investors managing $15.3 trillion. Short interest

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Surprising Changes Ahead For B2B Sellers

B2B sales forces have seen major disruptions in 2020 due to the prevalence of their customers and prospects working from home. But many of these changes were already underway, says Mary Shea, principal analyst at Forrester, who just released the firm’s predictions for 2021. According to Shea, “I’m calling 2020 the year that B2B, sales, marketing and buying has changed forever. But these trends that are occurring as a result of COVID-19 hardships are trends that were already in play, The face-to-face sales meeting has been on a downward trajectory since 2017 when one in seven business buyers said they’d actually rather not meet in person with a sales rep.”

So what’s in store for B2B sellers in 2021? Forrester is predicting four major themes:

  1. AI and automation
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Amazon Charged With EU Antitrust Violation For Allegedly Using Sellers’ Data To Compete Against Them

Topline

The European Union has charged Amazon with violating antitrust law in the region, accusing the e-commerce giant of using the data it collects from third-party sellers on the platform to compete against them, bringing into focus Amazon’s contentious dual role both as a retailer and as a marketplace for other vendors.

Key Facts

The charges have been issued by the European Commission, the EU’s executive body which has been looking into Amazon’s handling of third-party sellers since 2018.

The Commission has alleged that Amazon “systematically uses non-public business data” to “avoid the normal risks of competition and leverage dominance for e-commerce in France and Germany,” Amazon’s two biggest European markets the Commission said.

The EU body has also

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