News Snapshot:
Mr. Simple Finance Leave a comment Spread the love Ant Group’s $34 billion IPO was halted by Chinese President, Xi Jinping, according to a report by the Wall Street Journal, a week after the mega IPO was unexpectedly stopped by Chinese regulatory authorities. WSJ said a speech given by Jack Ma days before the IPO infuriated the Chinese ruling party as Mr. Ma cited Mr. Xi’s words in what top government officials saw as an effort to burnish his own image and tarnish that of regulators. Jack Ma’s attack on the Chinese financial services industry was read to President Xi...
