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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 ...
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 ...
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 ...
HONG KONG (Reuters) -Ant Group on Saturday announced a surprise share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020, in 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 ...
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 ...
Ant Group (Chinese: 蚂蚁集团; pinyin: Mǎyǐ jítuán), formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group.The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million merchants, with total payment volume (TPV) reaching CN¥118 trillion in June 2020.
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.