Tuesday, November 3, 2020

China halts Ant’s record IPO, throwing a financial empire into turmoil


With billions on the line and an initial public offering all but sealed, Chinese authorities abruptly have thrown into doubt the future of Ant Group and its celebrated founder, the billionaire Jack Ma. The move upends what had been one of China's biggest business success stories, as well as what was to be a pivotal step in the nation's fast-growing capital markets.

source https://www.seattletimes.com/business/china-halts-ants-record-ipo-throwing-a-financial-empire-into-turmoil/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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