Ant Group says its IPO has been suspended in both Shanghai and Hong Kong, after regulators summoned Jack Ma and other executives of the company

The Shanghai Stock Exchange postponed the offering one day after regulators summoned Jack Ma and other executives of the financial technology giant.

New York Times 2020-11-03

@chandrarsrikant Chandra R. Srikanth on x
Jack Ma's meeting with Chinese regulators came after he criticised China's state-owned banks at a financial summit in Shanghai at the end of October. https://www.ft.com/...
@chinaresearchgp @chinaresearchgp on x
The Shanghai stock exchange said in a statement that Mr Ma, Ant's founder, had been called in for “supervisory interviews” and said there had been “other major issues”, including changes in “the financial technology regulatory environment”. https://www.ft.com/...
@shamikaravi Prof Shamika Ravi on x
Suspended in HK too...the plot thickens.... https://twitter.com/...
@peterfrankopan Peter Frankopan on x
It's a big day for musical chairs in DC and Beijjng https://twitter.com/...
@ryan_chua @ryan_chua on x
This was after Chinese regulators warned Jack Ma and other company executives that the company faces increased scrutiny — China Suspends Jack Ma's Ant Group Shanghai IPO After Warning https://www.bloomberg.com/...
@sub8u Subrahmanyam Kvj on x
“Ant has faced scrutiny in Chinese state media in recent days after Ma criticized local and global regulators for stifling innovation and not paying sufficient heed to development and opportunities for the young.” https://www.bloomberg.com/...

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