
China’s Regulators Summon Jack Ma Over $37B Ant IPO
Jack Ma, founder of China’s fintech giant Ant Group, and two other executives were summoned on Monday by China’s top financial regulators for talks.
11/3/20203 min read
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Jack Ma, founder of China’s fintech giant Ant Group, and two other executives were summoned on Monday by China’s top financial regulators for talks.
Chinese TechFin company Ant Group topped the Hurun Global Unicorn Index of 2020 with a valuation of 1 trillion yuan ($150 billion), according to Hurun Research Institute’s ranking of the world’s unicorns.
ANEXT Bank, a wholly-owned subsidiary of Alibaba-owned financial services provider Ant Group, on Monday officially opened in Singapore.
On December 8th, Jack Ma attended the 20th anniversary event of Ant Group and gave a speech.