Shanghai gives go ahead for Ant Group IPO, backed by Alibaba


Source: disruptive.asia disruptive.asia

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September 21, 2020 News Centre News 0 Alipay logo is pictured on a building of the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China September 14, 2020. REUTERS/Aly Song HONG KONG (Reuters) – China’s Ant Group has received approval from the Shanghai Stock Exchange for a domestic initial public offering, the bourse said on Friday, bringing the financial technology firm closer to a dual-listing expected to be worth up to $30 billion. Backed by Chinese e-commerce giant Alibaba , Ant plans to...