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Ant Group's $35 billion IPO could be back in play with Chinese state-backed firms reportedly set to take stakes in the tech giant

September 2, 2021
Source: businessinsider.com businessinsider.com
News Snapshot:
An Ant Group logo is seen at the company's headquarters on October 28, 2020 in Hangzhou, Zhejiang Province of China. Chen Zhongqiu/VCG/Getty Images Ant Group is poised to create a credit score JV with Chinese state-backed partners, Reuters reported This move could enable the Alibaba-owned fintech giant to proceed with its blockbuster IPO, abandoned in November. Chinese regulators had turned up the pressure and ordered Ant Group to restructure before going public. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . Ant Group's $35 billion initial public offering could be back on the table, now...
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Tags: Alibaba | Alipay | Ant Group | Beijing | big data | China | Chinese | finance | fintech | Hangzhou | Hong Kong | Internet | investment | ipo | Jack Ma | joint venture | JV | New York | online payment | online shopping | Shanghai | stocks | technology | tourism | Zhejiang

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