Editorials Nov 12, 2020
The $37 billion initial public offering would have been the world’s largest and conferred a value of $316 billion on the Chinese financial giant.
Business / Corporate Nov 4, 2020
China is planning a bigger Ant crackdown with bank funding curbs
China abruptly halted Ant’s IPO after summoning Ma to a meeting earlier in the week to outline an array of concerns and new regulations.
Business / Corporate Nov 4, 2020
China halts Ant Group’s IPO, throwing Jack Ma's empire into turmoil
It was heralded as China’s answer to JPMorgan — a homegrown financial giant on the cusp of the biggest stock-market debut the world has ever seen. Instead, with billions on the line and an initial public offering all but sealed, Chinese authorities have abruptly thrown ...
Business / Corporate Oct 27, 2020
Jack Ma’s Ant set to raise $35 billion in biggest-ever IPO
by Lulu Yilun Chen
The move will mean the fintech giant will have a market value of about $315 billion, about the same as JPMorgan Chase & Co.
Business Oct 15, 2020
South Korea's Big Hit market debut tempered by reliance on K-pop group BTS
Big Hit Entertainment, the management label of South Korean superstar K-pop group BTS, hit the stock market with a 9.6 trillion won ($8.38 billion) valuation on Thursday before worries over its narrow revenue stream pulled shares below the debut price. Big Hit, which relies heavily ...
Business / Corporate Oct 2, 2020
Secrecy and speed: Inside Ant Group’s unusual IPO process
by Kane Wu, Julie Zhu and Scott Murdoch
The fintech giant is following a highly unusual process that draws on some of the tactics its former parent and affiliate Alibaba Group has previously used.
Business / Corporate Sep 28, 2020
Kioxia delays listing on Tokyo bourse amid U.S.-China tensions
The firm formerly known as Toshiba Memory Holdings Co. said it will delay what would have been Japan's largest initial public offering on the Tokyo Stock Exchange this year.
Business / Corporate Sep 3, 2020
Ant’s huge IPO sets up Jack Ma to escalate war with Tencent
by Zheping Huang and Lulu Yilun Chen
Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million active users that spent $17 trillion through its platform — is headed for potentially the world’s largest stock debut. Yet investors may do well to focus on the long-term ...
Business / Financial Markets Aug 31, 2020
Jack Ma’s Ant fuels tech IPO frenzy not seen since dot-com bubble
Jack Ma’s Chinese financial titan aims to raise at least $30 billion in Hong Kong and Shanghai in October.
Business Aug 26, 2020
Ant Group cites U.S. risks in filing for dual Hong Kong-Shanghai IPO
The Chinese e-commerce and fintech giant cited possible U.S. export controls and trade sanctions as key expansion risks.