Business
Chinese President Xi personally halted $37bn Ant IPO: Report – Al Jazeera English
Ant’s IPO was halted after its co-founder made a speech at odds with the Chinese government’s handling of the economy.
Chinas President Xi Jinping personally decided to pull the plug on Ant Groups $37bn initial public offering, the Wall Street Journal reported on Thursday, citing Chinese officials with the knowledge of the matter.
The decision to stop what would have been the worlds largest-ever IPO came days after the financial-tech giants billionaire founder Jack Ma launched a public attack on the countrys financial watchdogs and banks.
President Xi ordered Chinese regulators to investigate and effectively shut…
-
Noosa News23 hours agoReubhan Ralph identified as man behind terrifying childcare centre incident in Peregian Springs on the Sunshine Coast
-
General21 hours agoPolice say new leads being pursued after baby’s body found in Alexander Heights stormwater drain
-
Noosa News24 hours agoSchoolgirls hit by fishtailing car in terrifying crash in Bellbird Park, Ipswich
-
Noosa News21 hours agoPolice charge second man over alleged assault in Gold Coast car seller on Facebook’s Marketplace