News Snapshot:
November 13, 2020 admin Trading Ideas Comments Off on China President Xi Jinping Personally Ordered Halt Of Jack Ma's Ant IPO: WSJ China’s President Xi Jinping personally made the decision to halt Alibaba Group Holdings (NYSE: BABA)-backed Ant Group’s initial public offering, touted to be the world’s largest IPO, a Wall Street Journal report claims.What Happened: Ant Group could have raised $37 billion in its dual listing in China and Hong Kong, valuing the financial services company at more than $280 billion, but Chinese regulators suspended the listing, citing tighter regulations to protect the financial interests of consumers and investors.The...
