Chinese Regulators Freeze World’s Biggest Share Offering

Capt. John
  • Analysts say Ma’s criticism of authorities likely reason for Ant Group’s IPO being halted.
  • For years, Jack Ma represented the rise of the self-made tech entrepreneur in China, with Chinese media referring to the years of heady growth for the sector as the ‘era of Ma Yun’.
  • A path paved by the success of his e-commerce giant Alibaba and its online finance spin-off, Ant Group.
  • After the suspension, shares in Alibaba, which owns part of Ant, fell more than 8%, shaving $3bn (£2.3bn) off Ma’s net...

https://mfame.guru/chinese-regulators-freeze-worlds-biggest-share-offering/

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