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China's surprise suspension of Ant Group's record $37 billion listing is likely to delay rather than destroy its chances of a stock market debut though the financial technology giant's valuation ...
China's Ant Group Chief Executive Officer Simon Hu has unexpectedly resigned amid a regulatory-driven overhaul of the financial technology giant's business, the first top management exit since a ...
The decision to halt Ant Group’s mega IPO has left investors big and small licking their wounds. Retail investors had bought into the listing in a big way, placing a record $3 trillion dollars ...
The decision to stop what would have been the world's largest ever IPO, came days after the fintech giant's billionaire founder Jack Ma launched a public attack on the country's financial ...
Ant Group's unexpected and abrupt delay in its blockbuster initial public offering (IPO) has cast a pall over the fate of five Chinese mutual funds that otherwise would find themselves sitting on ...
Alibaba Group Holding Ltd (NYSE: BABA)-owned Ant Group's initial public offering may have been scuttled by Beijing due to its "disinclination to allow entrepreneurs out of their lane," Duncan ...
The crux of Ant’s problem: the Chinese government sees it as a bank, because it does micro-lending, and wants to regulate it as a bank.
The suspension of Ant Group's debut is likely to cost a cadre of the world's largest investment banks nearly US$400 million in fees collectively, after Chinese regulators this week called a halt ...