News Snapshot:
China regulator denies Ant Group restarting IPO The prospect of Alibaba’s listing of its financial arm Ant Group moving forward after an 18-month delay was dampened by the securities regulator denying it is looking at resuming the IPO. In a brief statement, the China Securities Regulatory Commission noted it has “not conducted evaluation and research work in this regard, but we support eligible platform companies to list at home and abroad”. Ant Group, parent company of mobile and online payment platform Alipay, also issued a statement insisting it had no plans to initiate an IPO, adding under the guidance of...
