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…
FINANCE
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 ……
China Envisions a New Hong Kong, Firmly Under Its Control
The government hopes to turn Hainan Island into a financial and shopping destination. Matching the former British colony won’t be easy. ( read original story …)
The Mobile Finance Report 2020: Get the key insights you need to propel your fintech business
Get the key insights you need to propel your fintech business Team YS The banking and finance sector across the world is witnessing disruption by mobile app and fintech companies. Right from … ( read…
Ahead of giant IPO, China’s Ant faces key question: What is it?
Chinese regulators met executives including billionaire Jack Ma, reportedly said it would be treated as financial firm. ( read original story …)
