BEIJING (AP) — The world’s biggest online finance company was racing toward a stock market debut when it was derailed by Beijing’s anxiety about risks in the fledgling industry, jarring global investors and deepening uncertainty about China’s financial markets. Regulators suspended Ant Group’s record-setting $34.5 billion stock offering two days […]
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Market debut of Chinese e-finance giant Ant Group postponed
Zen Soo and Joe Mcdonald, Associated Press Updated 2:17 pm PST, Tuesday, November 3, 2020 In this Friday, Oct. 23, 2020 photo, the figure of Ant Group’s mascot is displayed at the Ant Group office in Hong Kong. China’s Ant Group will try to raise nearly $35 billion in its initial […]