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. 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 run afoul of the CCP.  …

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