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 accepting new investments, their...
