Ant Group’s highly anticipated IPO has been abruptly suspended following a meeting between the company’s billionaire co-founder Jack Ma and regulators in China. ( read original story …)
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Ant Group’s record $34.5 billion IPO suspended in Shanghai and Hong Kong a day after Jack Ma met with China regulators
A supervisory meeting and changes in regulatory technology environment have disqualified Ant Group from listing on the exchange. ( read original story …)
China’s Ant Group Postpones IPO Under Regulatory Pressure
China’s Ant Group on Tuesday suspended its record-breaking IPO in both Hong Kong and Shanghai as the fintech giant faces growing pressure from Chinese regulators over potential risks. The firm’s … ( read original story…
China postpones Ant’s colossal IPO after closed-door talk with Jack Ma
The Shanghai Stock Exchange announced postponing Ant Group’s colossal initial public offering, a day after regulators weighed a slew of new fintech rules and summoned Jack Ma and other top executives … ( read original…
China Halts Ant Group’s Blockbuster I.P.O.
The Shanghai Stock Exchange postponed the offering one day after regulators summoned Jack Ma and other executives of the financial technology giant. ( read original story …)
INSTANT VIEW-China halts Ant Group’s mega IPO
The Shanghai and Hong Kong stock exchanges on Tuesday suspended Ant Group’s IPO, which was initially set for Thursday, in a stunning setback for what was on track to be the world’s largest-ever share ……
China’s E-commerce Start-Up iDS BuyBuyBuy Raises $40 Million
It serves as an exclusive partner for an increasing amount of overseas niche beauty and healthcare brands to enter the Chinese market. ( read original story …)
China Suspends Jack Ma’s Ant Group Shanghai IPO After Warning
China has suspended the Shanghai leg of Ant Group Co.’s $35 billion offering, potentially derailing the world’s biggest initial public offering. ( read original story …)
China keeps 20 per cent sales target for home-grown electric cars by 2025, calling controversial industrial plan by another name
The Made in China 2025 plan charted China’s ambitions to lead the world in 10 key areas of technology by the middle of the next decade, from 5G telecommunications to artificial intelligence and … (…
Binance in trouble, blockchain security standard: Blockheads
A Forbes report accused Binance of attempting to deceive US regulators, and China got its first blockchain security standard. ( read original story …)
Hong Kong bans retail trading of digital currencies, requires crypto exchanges to be licensed in crackdown on fraud, money-laundering
Retail investors will no longer be allowed to trade on virtual-asset exchange platforms under proposed new rules which will also require all operators to be licensed by the watchdog, government … ( read original story…
Bitcoin slides 3% as Hong Kong seeks to end ‘honeymoon’ with crypto exchanges
The price of Bitcoin fell by 3% so far this week amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong. The price of Bitcoin ( BTC) has declined by more than 3%…
Beijing sends warning to Ant ahead of its monster IPO
Chinese regulators summoned Jack Ma and Ant’s top executives on the eve of the fintech giant’s listing, suggesting added regulatory scrutiny ahead. ( read original story …)
