News Snapshot:
Chinese investors are pouring into newly – launched mutual funds targeting Ant Group’s upcoming initial public offering, underscoring strong demand for technology shares at a time when Chinese tech firms are facing increasing U.S. scrutiny. Alibaba Group’s fintech arm Ant Group aims to raise about $35 billion in a dual listing in Hong Kong and Shanghai’s STAR Market, expected in October, in what could become the world’s largest IPO . Two of the five new funds launched on Friday to give Chinese retail investors access to strategic stakes in Ant ‘s IPO had already reached their fundraising target and stopped...
