News Snapshot:
A revival of the IPO could also mark a sort of rehabilitation for Jack Ma. Hong Kong: China’s central leadership has given billionaire Jack Ma’s Ant Group a tentative green light to relaunch its initial public offering (IPO), two sources with knowledge of the matter said, in the clearest sign that Beijing is easing its crackdown. against the technology sector. Ant, a subsidiary of Chinese e-commerce giant Alibaba Group Holding Ltd, aims to file a preliminary prospectus for the stock offering in Shanghai and Hong Kong as early as next month, the sources said, declining to be named due the...
