Chinese regulators on Sunday ordered the financial-technology giant Ant Group to fix what they described as a litany of business failings, escalating a pressure campaign that has been building since […]
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Back to news homeWhy China Turned Against Alibaba’s Jack Ma
Mr. Xi made no secret about what his ideal capitalist should be like. Ten days after the Ant I.P.O. debacle, he toured a museum exhibition devoted to Zhang Jian, an […]
China Opens Antitrust Investigation Into Alibaba
“This is an important step in strengthening antimonopoly oversight in the internet sphere,” said the article, which was published on the paper’s website Thursday morning. “This will be beneficial to […]
Why China Halted Ant’s I.P.O., Dealing Jack Ma a Blow
This was supposed to be the week that one of China’s biggest tech companies threw the most lucrative coming-out party in history, sending a swaggering message about the country’s economic […]
Ant Group’s I.P.O. Is Halted by Shanghai Stock Exchange
Ant Group challenged China’s state-dominated banking system by bringing easy-to-use payments, borrowing and investing to hundreds of millions of smartphones across the country. On Tuesday, Chinese officialdom reminded the company […]
Ant Challenged Beijing and Prospered. Now It Toes the Line.
As Jack Ma of Alibaba helped turn China into the world’s biggest e-commerce market over the past two decades, he was also vowing to pull off a more audacious transformation. […]
Ant Group Set to Raise $34 Billion in World’s Biggest I.P.O.
Ant Group, the Chinese financial technology titan, is set to raise around $34 billion when its shares begin trading in Hong Kong and Shanghai in the coming weeks, which would […]