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3 mins read
China's stock markets are partying like it's 2008, overwhelming systems
The euphoria was thanks to Beijing's big-bang stimulus announcement, that showed urgency and concer…
Huileng Tan
2 mins read
Ant Group's $35 billion IPO could be back in play because it plans a JV with China-backed firms, report says
Chinese regulators had ordered Ant Group to restructure before allowing the fintech giant to comple…
Sophie Kiderlin
6 mins read
Not just small investors, even Alibaba-owned ANT Group and Softbank have lost money on Paytm
All the retail investors who lost money on Paytm’s public issue, it may bring you some solace that …
2 mins read
Fidelity cuts Ant Group's valuation in half to $144 billion after regulatory crackdown in China
Ant Group had been valued at nearly $300 billion by Fidelity ahead of its anticipated IPO, which wa…
Matthew Fox
2 mins read
Jack Ma's Alibaba climbs after the the billionaire gives up control of Ant Group
Shares of the Chinese e-commerce giant climbed for the sixth consecutive trading session, and have …
Phil Rosen
1 min read
Ant Group's IPO could be delayed more than 6 months amid regulatory pressure that may slash its valuation, report says
Lawyers involved in the listing of Ant's shares said the company would have to submit a new IPO pro…
Matthew Fox
2 mins read
Alibaba jumps as cloud business reports first-ever quarterly profit
Alibaba reported a $3 million profit from its cloud business for the December quarter on record-bre…
Will Daniel
2 mins read
Ant's record-breaking IPO attracts $3 trillion in retail-investor bids
Shares set to debut in Shanghai were oversubscribed 872 times, while the Hong Kong portion saw bids…
Ben Winck
1 min read
Jack Ma sees $3 billion erased from his net worth as Alibaba shares tank following Ant Group IPO delay
Even with today's drop in shares of Alibaba, Jack Ma is still worth about $54 billion, according to…
Matthew Fox
1 min read
Jack Ma is set become the world's 11th-richest person on Ant Group's IPO, leapfrogging heirs to L'Oreal and Walmart with his $71.1 billion fortune
Jack Ma's fortune rose by an estimated $27 billion following share pricing for Ant Group's November…
Grace Dean
2 mins read
Ant Group's record $34.5 billion IPO suspended in Shanghai and Hong Kong a day after Jack Ma met with Chinese regulators
Changes in the financial-technology regulatory environment disqualified Ant Group from meeting info…
Shalini Nagarajan
2 mins read
Alibaba jumps 5% after billionaire Jack Ma appeared in a 50-second videoclip after weeks of laying low
The billionaire, who is a former English teacher, seemed to embrace themes promoted by China's Comm…
Shalini Nagarajan
2 mins read
Jack Ma's Ant Group raises its funding target to $35 billion, likely making it the largest IPO ever
When Ant goes public, it will likely earn a massive valuation that puts it ahead of Saudi Aramco's …
Shalini Nagarajan
3 mins read
Jack Ma's $30 billion Ant IPO could push tech fundraising to highest level since dot-com bubble's peak
The debut stands to push global first-time stock offerings by tech companies above $57 billion. A r…
Ben Winck
2 mins read
Alibaba shares hit 6-month high after Jack Ma cedes control of Ant Group, amid a broad rally in Asian shares
Alibaba share rose 9% after news emerged that Ma was ceding control of Ant Group, following China's…
Huileng Tan
3 mins read
China's central bank wants Jack Ma's Ant Group to overhaul its business model
The People's Bank of China asserts that Ma's enterprise needs to 'understand the necessity of …
2 mins read
Jack Ma's Ant Group aims to raise $34.5 billion in largest IPO of all time
The company aims to evenly split its 1.67 billion-share debut across the Hong Kong and Shanghai exc…
Ben Winck
2 mins read
China's Xi Jinping personally halted Ant's record-breaking $37 billion IPO after boss Jack Ma snubbed government leaders, report says
A week before Ant was set to go public, Ma made incendiary comments that didn't go down well with t…
Shalini Nagarajan
2 mins read
Ant Group's record-shattering IPO is highly unlikely to get done in 2021, a new report says
The delay in Ant Group's IPO has led some analysts to slash its valuation estimate in half, accordi…
Matthew Fox
2 mins read
China suspends Jack Ma’s $34 billion Ant Group listing — Alibaba shares plunge, Ma loses over $3 billion
Alibaba shares plunged by almost 10% in Hong Kong after the news of Ant Group's IPO suspension w…