The app for Alipay, the mobile payments service operated by Ant Group, is seen on a smartphone in Beijing on Monday, July 20, 2020. Ng Han Guan/AP Ant Group, the giant Chinese fintech company, was ready to embark on a historic IPO when China intervened and shockingly ground the event […]
Ants
What is Alipay? Ant’s app is like most popular US apps all in one
Ant Group, the giant Chinese fintech company, was ready to embark on a historic IPO when China intervened and shockingly ground the event to a halt, a move that was reportedly issued directly by President Xi Jinping. The firm’s prized app, Alipay, is used by over 1 billion Chinese residents […]
China’s Central Bank Says Ant’s IPO Suspension Is to Safeguard Consumer, Investor Interests | Investing News
BEIJING (Reuters) – The decision to suspend Ant Group’s planned initial public offering in China was based on a comprehensive consideration about safeguarding the interests of financial consumers and investors, a senior central bank official said on Friday. China halted the $37 billion listing on Tuesday, thwarting the world’s largest […]
China’s central bank says Ant’s IPO suspension is to safeguard consumer, investor interests
Bloomberg Forget Biden Vs. Trump: The Incumbent Is Winning in Stock Market (Bloomberg) — A strange thing happened on the way to the biggest post-election surge in modern stock-market history. On Wednesday, while the S&P 500 was tacking on $600 billion of fresh value, most of its members fell.How the […]
Ant’s Mega IPO Sets Up Jack Ma to Escalate War With Tencent
(Bloomberg) — Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million active users that spent $17 trillion through its platform — is headed for potentially the world’s largest stock debut. Yet investors may do well to focus on the long-term threat to its core […]
Ant’s IPO Is Set to Make Group of Elite Insiders Very Rich
(Bloomberg) — It’s the hottest fintech in the world and it’s poised to go public in the coming months, unlocking vast riches for early investors and employees. Ant Group, the online payment provider backed by Alibaba Group Holding Ltd. filed the prospectus for its initial public offering Tuesday, unveiling some […]
Ant’s Mega IPO Is Set to Make Group of Elite Insiders Very Rich
(Bloomberg) — It’s the hottest fintech in the world and it’s poised to go public in the coming months, unlocking vast riches for early investors and employees. Ant Group, the online payment provider backed by Alibaba Group Holding Ltd. filed the prospectus for its initial public offering Tuesday, unveiling some […]