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Beijing gives initial nod to revive Ant IPO after crackdown cools: Report

June 10, 2022
Source: wionews.com wionews.com
News Snapshot:
China's central leadership has given billionaire Jack Ma's Ant Group a tentative green light to revive its initial public offering (IPO), two sources with knowledge of the matter said, in the clearest sign yet Beijing is easing its crackdown on the tech sector. Ant, an affiliate of Chinese e-commerce behemoth Alibaba Group Holding Ltd, aims to file a preliminary prospectus for the share offering in Shanghai and Hong Kong as early as next month, the sources said, declining to be named due to the sensitivity of the matter. The fintech giant will need to wait for guidance from the China...
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Tags: Alibaba | Ant Group | bank | Beijing | China | Chinese | Covid-19 | cybersecurity | e-commerce | Economy | education | finance | fintech | Hong Kong | ipo | Jack Ma | Liu He | London | online payment | online shopping | private equity | Shanghai | social media | State Council | stock market

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