News Snapshot:
October 19, 2020 FILE PHOTO: Alipay logo is pictured at the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba, in Shanghai HONG KONG (Reuters) – China’s Ant Group Co Ltd [IPO-ANTG.HK] has won approval from the Hong Kong stock exchange for the offshore leg of its IPO, two sources said, clearing the last key regulatory hurdle to launch its dual-listing expected to be worth about $35 billion. Backed by Chinese e-commerce giant Alibaba Group Holding Ltd, Ant passed the hearing with the bourse’s Listing Committee on Monday, sources said, speaking on...
