News Snapshot:
MOSCOW, Dec. 21 — The co-founder of Chinese e-commerce giant Alibaba Group, Jack Ma, offered to hand over parts of his financial-technology giant Ant Group to the Chinese government in an attempt to save the company’s initial public offering (IPO) that was delayed by Chinese regulatory authorities, The Wall Street Journal reported, citing unnamed sources. In early November, the planned record-setting IPO of Ant Group, a financial service and FinTech company affiliated with Alibaba, was suspended by the Shanghai Stock Exchange. Ant Group was expected to raise up to US$34.4 billion through its IPO in both the Shanghai Stock Exchange...
