Jack Ma Offers Beijing Part of Ant Group to Appease Regulators and Rescue Its IPO


Source: bitcoinethereumnews.com bitcoinethereumnews.com

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Bitcoin Ethereum News Ant Group had anticipated raising up to $35 billion in a dual listing in Hong Kong and Shanghai stock exchanges. In a bid to rescue and salvage the world’s largest IPO, Jack Ma is reported to have offered Beijing part of Ant Group to appease the contentious relationship. “You can take any of the platforms Ant has, as long as the country needs it,” Mr. Ma proposed to the Chinese regulators. Meanwhile, the Chinese regulators have not responded to the offer but people close and familiar with the matter indicates the odds of nationalizing at least parts...