Ant Group's $35 billion IPO could be back in play because it plans a JV with China-backed firms, report says


Source: businessinsider.in businessinsider.in

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An Ant Group logo is seen at the company's headquarters on October 28, 2020 in Hangzhou, Zhejiang Province of China. Chen Zhongqiu/VCG/Getty Images Ant Group is poised to create a credit score JV with Chinese state-backed partners, Reuters reported This move could enable the Alibaba-owned fintech giant to proceed with its blockbuster IPO, abandoned in November. Chinese regulators had turned up the pressure and ordered Ant Group to restructure before going public. Ant Group's $35 billion initial public offering could be back on the table, now that the fintech is poised to create a joint venture with a group of...