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.
Asia Pacific | FOCUS Nov 5, 2020
Derailing of Jack Ma’s Ant IPO shows Xi Jinping is in charge
by Enda Curran, Sofia Horta E Costa and Lulu Yilun Chen
For global investors, the episode is likely to reinforce the notion that the Communist Party calls all the shots when it comes to major business decisions.
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 / 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 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.
Business / Corporate Jul 3, 2020
Jack Ma’s rival saw his wealth surge by $25 billion. Then he quit
by Venus Feng, Berber Jin, Blake Schmidt and Zheping Huang
Colin Huang, who has overseen the firm as its American depositary receipts have more than quadrupled in less than two years, has stepped down as chief executive officer.
Business / Corporate May 19, 2020
SoftBank’s first Vision Fund may be its last after ¥1.9 trillion loss
by Pavel Alpeyev
Masayoshi Son conceded he is unlikely to be able to draw outside investors for another Vision Fund.
Business / Corporate May 18, 2020
SoftBank Group posts record net loss of ¥961 billion for fiscal 2019
The figure is a sharp drop from the net profit of ¥1.41 trillion the conglomerate logged in fiscal 2018.