Tuesday, 28 June, 2022
TopicJack Ma

Topic: Jack Ma

Ant Group — A $280 billion unicorn that just had its legs broken

Less than two months after the dramatic cancellation of its blockbuster IPO, Ant executives are left in charge of a company whose own narrative is now unclear.

China tells Jack Ma’s Ant Group to return to its roots as provider of payments services

The central bank summoned Ant executives over the weekend and told them to 'rectify' the company’s lending, insurance and wealth management services, the People’s Bank of China said.

Alibaba’s US-listed shares tumble most ever on China’s anti-monopoly probe

The stock fell 13% in its biggest one-day drop on record. The decline took Alibaba to its lowest level since July, and the stock is now down 30% from an October peak.

China targets Jack Ma’s Alibaba Group with anti-monopoly probe

The campaign against Alibaba and its peers got into high gear in November, after Jack Ma famously attacked Chinese regulators in a public address for lagging the times.

Ant will rise from IPO ashes, but Alibaba’s Jack Ma needs to exit

Jack Ma & team won’t get away with being digital cowboys given that too much power over China's financial levers intrudes on govt territory.

Inside the chaotic unraveling of Jack Ma’s $35 billion Ant Group IPO

The Shanghai Stock Exchange cited significant change in regulatory environment for halting Ant IPO. But China watchers have an alternative theory for why Xi’s govt acted the way it did.

Suspension of Jack Ma’s Ant Group’s IPO shows Xi Jinping’s in charge

Timing of move to suspend Ant Group IPO, touted to be world's biggest stock market debut, showed that for Xi, political stability take precedence over ceding control of economy.

China suspends Jack Ma’s $35 billion Ant Group IPO

The move comes after China’s regulators warned that Jack Ma’s firm faces increased scrutiny and will be subject to the same restrictions on capital and leverage as banks.

What could go wrong for Jack Ma’s record breaking Ant IPO

Ant Group stopped taking orders from big investors a day earlier than planned due to great demand. But a smash-hit IPO doesn’t always translate into a long-term winner for investors.

Ant Group has set the price for world’s largest IPO, says founder Jack Ma

Ma's Chinese fintech giant is one of the most hotly anticipated IPOs in years, on course to make history by surpassing Saudi Aramco’s record $29 billion share sale in 2019.

On Camera

YourTurn

J.P.Singh, joint secretary (Pakistan, Afghanistan and Iran Division), MEA, meets Taliban's interim foreign minister Amir Khan Mottaki | Photo credit: Twitter/@QaharBalkhi

Hard-nosed, practical—why India has revived relations with Kabul, and why Taliban is welcoming

By protecting the Indian embassy in Kabul for the last ten months, the Taliban is sending a message to its neighbours and the rest of the world.
An employee works at Mahindra & Mahindra Ltd. facility in Chakan, Maharashtra | Bloomberg file photo

Bigger cars, smaller chips — Why Mahindra is worried about increased wait time

A major focus for Mahindra will be defending its market share in the large-format SUV segment from Tata Motors and Hyundai Motor.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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