Having disappeared for several months after his IPO was forced into redundancy by China’s powerful central bank, Jack Ma has resurfaced. In his first calculated move since his fall from... read more
The post Ant hikes up transaction fees to rebuild post failed IPO appeared first on Payments Cards & Mobile.
China’s central banking regulator, the People’s Bank of China, is reported to be accelerating plans to bring Ant Group closely under its control as part of a “rectification” drive that... more
The post A regulator with no teeth? Ant Group forced to break up by PBoC appeared first on Payments Cards & Mobile.
According to news reports, Ant Group’s $37 billion IPO is to be forcibly withheld by The Shanghai Stock Exchange, after four Chinese regulators summoned Jack Ma and other Ant executives... more
The post Ant $37 billion IPO iced by shock withdrawal of Shanghai Stock Exchange appeared first on Payments Cards & Mobile.
Jack Ma’s Ant Group has set its sights on raising more than $34 billion in its initial public offering (IPO), putting the Chinese payments group on course to beat Saudi... more