News Snapshot:
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou October 29, 2020. — Reuters pic BEIJING, Nov 13 — China’s President Xi Jinping personally decided to pull the plug on Ant Group’s US$37-billion (RM153 billion) initial public offering, the Wall Street Journal reported yesterday, citing Chinese officials with the knowledge of the matter. The decision to stop what would have been the world’s largest ever IPO, came days after the fintech giant’s billionaire founder Jack Ma launched a public attack on the country’s financial watchdogs and banks. President Xi ordered...
