TopicJack Ma

Topic: Jack Ma

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

Tim Culpan - 28 December, 2020

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

Bloomberg News - 28 December, 2020

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

Lulu Yilun Chen - 25 December, 2020

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

Lulu Yilun Chen - 24 December, 2020

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

Tim Culpan - 5 November, 2020

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

Bloomberg News - 5 November, 2020

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

Enda Curran - 4 November, 2020

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

Lulu Yilun Chen - 3 November, 2020

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

Abhishek Vishnoi - 28 October, 2020

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

Bloomberg News - 24 October, 2020

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.

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