The world’s biggest online finance company was racing toward a stock market debut when it was derailed by Beijing’s anxiety about risks in the fledgling industry, jarring global investors and … ( read original story…
FINANCE
China halts Ant Group’s $37bn listing
China called a halt to the $37bn (£28.5bn) listing of Ant Group on Tuesday (3 November), after billionaire founder Jack Ma was called to a meeting with financial regulators. The Ant Group IPO this ……
China Is Planning a Bigger Ant Crackdown With Bank Funding Curbs
The shock suspension of Ant Group Co.’s $35 billion initial public offering is just the beginning of a renewed campaign by China to rein in the fintech empire controlled by Jack Ma. ( read original…
China Plans Deeper Ant Crackdown With Bank Funding Curbs
The shock suspension of Ant Group Co.’s $35 billion initial public offering is just the beginning of a renewed campaign by China to rein in the fintech empire controlled by Jack Ma. ( read original…
China’s dramatic suspension of Ant listing to hurt business outlook, valuation
China’s shock suspension of Ant Group’s record $37 billion listing in a last-minute regulatory ambush looks set to hit the financial technology giant’s growth prospects and cut … ( read original story …)
Ant Group: China’s fintech flyer grounded by regulators
Set for a record-busting $34 billion IPO in Hong Kong and Shanghai, Ant Group has had its wings summarily clipped by Chinese regulators. ( read original story …)
Beijing, not Washington, is the biggest challenge for Chinese fintech giants like Ant
Ant Group’s blockbuster IPO was poised to be a major milestone for a homegrown champion. But officials in Beijing have had other ideas. The Shanghai Stock Exchange announced late on Tuesday (Nov. 3) … (…
Jack Ma setback reminds investors that Beijing is still boss
When Jack Ma last week chose to speak truth to power about the failings of China’s financial system, he was aiming very high — perhaps too high. The founder of ecommerce business Alibaba, already ……
Market debut of Chinese e-finance giant Ant postponed
The planned stock market debut of the world’s biggest online finance company, Ant Financial was suspended in Shanghai and Hong Kong, disrupting a record-setting $34.5 billion … ( read original story …)
Alibaba Drops After China Suspends IPO of Finance Affiliate Ant
Alibaba Group Holding Ltd.’s U.S.-traded shares tumbled as much as 9.7% Tuesday after Ant Group Co., the finance affiliate also founded by Jack Ma, said its listings in both Shanghai and Hong Kong … (…
Market debut of Chinese e-finance giant Ant Group postponed
The planned stock market debut of the world’s biggest online finance company, Ant Group, was suspended in Shanghai and Hong Kong on Tuesday, disrupting a record-setting $34.5 billion initial public … ( read original story…
China’s Ant Group Faces Regulatory Scrutiny Ahead Of Trading Debut
“China’s financial system is in the phase of strengthening regulation and controlling risks,” says Zhu Ning, a professor of finance at Shanghai Jiao Tong University. “Ant Group’s business may not be … ( read original…
China shares end higher, boosted by financial, material stocks
Chinese shares ended higher on Tuesday, led by gains in material and financial stocks, as investors bet more on a swift economic recovery from the pandemic and upbeat sales outlook for new energy cars ……
