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Ant’s Suspended IPO and Jack Ma’s ‘Clash’ With the Authorities

◎ A delayed IPO for Ant allows the CCP to lower its financial and political risks. Updated on Dec. 1, 2021. Ant Group’s record $34 billion initial public offerings in Shanghai and Hong Kong were recently suspended after PRC regulators stepped in early this week. The suspension fueled speculation that Jack Ma, Ant’s owner, had ...

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◎ A delayed IPO for Ant allows the CCP to lower its financial and political risks. Updated on Dec. 1, 2021. Ant Group’s record $34 billion initial public offerings in Shanghai and Hong Kong were recently suspended after PRC regulators stepped in early this week. The suspension fueled speculation that Jack Ma, Ant’s owner, had …

Read moreAnt’s Suspended IPO and Jack Ma’s ‘Clash’ With the Authorities

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