News Snapshot:
Rise of the fintech industry in Hong Kong is not just a talk of the town, it’s an ongoing operation with rather high stakes and high speeds. This week, reports came with breaking news that Ant Group , the financial arm of Jack Ma’s e-com giant Alibaba, is eyeing what could become the biggest IPO in history: a dual listing in Hong Kong and Shanghai’s STAR Market, looking to raise as much as $35 billion. Interestingly, it is said that Ant Group won’t be seeking so-called cornerstone investors to increase credibility and confidence. Reuters reported on Friday that managers have...
