- 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/