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Beijing gives initial consent to revive Ant IPO after crackdown cools

June 10, 2022
Source: bollyinside.com bollyinside.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 regarding this situation said, in the most clear sign yet Beijing is facilitating its crackdown on the tech area. Ant, an affiliate of Chinese e-commerce behemoth Alibaba Group Holding Ltd 9988.HK, expects 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. In a publicly released statement, Ant said there was no...
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China Tech Buzz Topics: Alibaba | Ant Group | Beijing | China | Chinese | Covid-19 | cybersecurity | e-commerce | Economy | education | finance | fintech | Hong Kong | ipo | Liu He | London | online payment | online shopping | Shanghai | social media | State Council | stock market | technology | Tencent | WeChat

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