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…
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China Is Planning a Bigger Ant Crackdown With Bank Funding Curbs
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 …)
After halting Ant’s big IPO, China reportedly wants to go further
Days before the world’s biggest-ever IPO, Beijing ordered a halt to financial technology giant Ant Group’s share sale. ( read original story …)
China Says U.S. Sends Out Wrong Signals to Taiwan on Potential Drone Sale Deal
China’s foreign ministry said on Wednesday the United States has sent out wrong and grave signals to the so-called Taiwan military forces on the potential drone sale deal. China will take legitimate … ( read…
Explainer: What’s next for Ant after China suspends $37 billion listing?
China’s suspension of Ant Group’s $37 billion listing just days ahead of its stock market debut has thrown the company and its investors into a tailspin and it faces a scramble to try and satisfy…
Jack Ma: Ebullient Billionaire And Totem Of China’s Rise
Jack Ma, the ebullient and unconventional billionaire founder of tech giant Alibaba, now finds himself battling the ignominy of having the world’s biggest-ever IPO halted days before its launch by … ( read original story…
Rebound in China boosts BMW to third-quarter profit
German premium carmaker BMW ( BMW.DE) said on Wednesday that pre-tax profit soared by almost 10% to €2.46bn (£2.2bn, $2.87bn) in the third quarter of the year, compared to the same period in 2019. (…
China’s Fosun Kicks Off Biggest Pharma IPO in India
Gland Pharma Ltd. and its shareholders are looking to raise as much as 64.5 billion rupees ($871 million) in what would be India’s biggest initial public offering by a pharmaceutical firm. ( read original story…
China’s Fosun to end BioNTech’s COVID-19 vaccine trial, seek approval for another
BioNTech’s Chinese partner Shanghai Fosun Pharmaceutical Group does not plan to run further clinical trials of the German firm’s coronavirus vaccine candidate that has completed early-stage trials in … ( read original story …)
China Stock That Sounds Like ‘Trump Wins Big’ Surges in Shenzhen
A Chinese stock whose local language name sounds like “Trump wins big” soared in Shenzhen, repeating its performance in 2016 when he unexpectedly became U.S. President. ( 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 …)
China’s halt of Ant IPO ‘necessary’: state media
Posted . China’s shock move to suspend Ant Group’s record $37 billion listing was described as necessary and reasonab … ( read original story …)
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