ant group News

China’s Central Bank Says Ant IPO Could Resume Once Problems Resolved

Ant Group Co. could resume its plans for an initial public offering once problems are resolved, China’s central bank chief said, offering some relief to global investors seeking signs on what the future holds for the world’s largest fintech giant. …

China Says Its Fintech Antitrust Moves Not Targeted at Private Banks, Insurers

China’s recent antitrust measures are not aimed at its private sector and do not seek to hinder the development of such firms, a senior banking and insurance regulator said on Friday, as the country looks to expand scrutiny of the …

Ant Group Weighs Forming Holding Company, Regulated Like Traditional Financial Firms

Ant Group Co Ltd is considering folding most of its online financial businesses, including consumer lending, into a holding company that would be regulated like traditional financial firms, two people with direct knowledge of the matter said. The regulators, mainly …

China Pushes for Restructuring of Ant Group in Latest Blow to Founder Ma

BEIJING – China’s central bank disclosed on Sunday it had asked the country’s payments giant Ant Group Co Ltd. to shake up its lending and other consumer finance operations, the latest blow to its billionaire founder and controlling shareholder Jack …

Ant Group’s Massive, Suspended IPO May Not Be Revived Until 2022

The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to regulatory officials familiar with the matter. Ant …

Ping An’s Goal to Pivot from Finance Group to Tech Giant Is Now Threatened

The headwinds that toppled Ant Group Co.’s initial public offering now threaten a $22 billion dream of China’s Ping An Insurance (Group) Co. — to pivot from a finance group to a tech giant and be valued like one. While …

China’s Shock Suspension of Ant Group’s Listing Set to Hit Business Valuation, Growth

China’s surprise suspension of Ant Group’s record $37 billion listing is likely to delay rather than destroy its chances of a stock market debut though the financial technology giant’s valuation and growth prospects are set to take a hit. The …

Update: China Suspends Ant Group’s $37 Billion IPO

HONG KONG/NEW YORK — China suspended Ant Group’s $37 billion listing on Tuesday, thwarting the world’s largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by billionaire Jack Ma. The …

Analysts, Investors React to China’s Suspension of Ant Group’s Mega IPO

China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for answers. Following are instant reactions from investors and …

Retail Investors Placed Bids for Record $3 Trillion of Shares in Ant Group’s IPO

Retail investors placed bids for a record $3 trillion of shares in Ant Group Co. Ltd.’s dual listing in an unprecedented show of interest by mom-and-pop savers betting on demand for its financial services in China. The total value of …