Ant Group IPO Suspended After Co-Founder Jack Ma Summoned for Talks With Regulators

Just several days before Ant Group Co was to begin trading in Hong Kong and Shanghai markets, Chinese regulators summoned the fintech’s co-founder Jack Ma, and several members of the company’s management team for a rare, closed-door questioning. The company’s highly anticipated and record-breaking $34.5 billion IPO has been suspended in the meantime. According to … Continue reading Ant Group IPO Suspended After Co-Founder Jack Ma Summoned for Talks With Regulators