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Month: October 2020

Posted on 14/10/2020

China shares drop on property sector woes, Xi speech aids tech stocks

Property sector leads losses on Evergrande’s slimmed share-sale * Tencent hits record high on Xi’s speech. BEIJING, Oct 14 (Reuters) - ... ( read original story ...)

Posted on 14/10/2020

The World’s Largest Potential IPO Is Under Threat

Billionaire Jack Ma’s Ant Group is said to be seeking a valuation of about $250 billion as it plans a dual listing in Hong Kong and Shanghai, which could raise at least $35 billion. The ... ( read original story ...)

Posted on 14/10/2020

Breakingviews – Ant’s IPO delay flags a recurring headache

Technology firms, particularly finance-focused ones in China, are used to operating at the cutting edge of regulation. But overconfidence is always a risk, as Chinese fintech champion Ant ... ( read original story ...)

Posted on 14/10/2020

Ant Group’s IPO reportedly faces delays as Chinese regulator conducts a probe

Alibaba’s affiliate Ant Group is seeking to raise US$35 billion in a dual listing in Hong Kong and Shanghai as early as this month ... s Listing Committee on September 24 and then launch the IPO after ... ( read original story ...)

Posted on 14/10/2020

Value of China’s stock market hits all-time high above $10tn

The total value of China’s stock market has climbed to a record high of more than $10tn, as the country’s accelerating economic recovery propelled it past the previous peak hit during an equities ... ( read original story ...)

Posted on 14/10/2020

Ant’s Pending IPO Hit By Controversy Over Share Sale On Alipay

Ant Group, a China-based payments platform, is facing regulatory delays in its highly-anticipated IPO amid growing unease over its handling of its share sale. ( read original story ...)

Posted on 14/10/2020

Chinese regulatory probe delays approval for Ant’s $35bn IPO

China’s securities regulator is probing a potential conflict of interest in fintech giant Ant Group’s planned $35bn stock listing, delaying approval for what could be the world’s largest IPO, three ... ( read original story ...)

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