Alibaba’s shares tumble by 9.6 percent post Ant Group’s IPO suspension
The Chinese state media warned about potential financial instability due to Ant Group’s rapid upward surge which might have acted as a precursor for this shocking move.
Alibaba
Stay updated with the latest news and articles about Alibaba.
Latest Articles
Ant Group’s founder and executives summoned ahead of IPO
The company has come under surveillance and tighter regulation following its massive upward growth in the financial sector, and widening of the range of financial technology services it offers.
Jack Ma’s Ant Group to file for dual IPO expecting to raise $30 Million
Jack Ma's Ant Group is set to file for dual listings in Hong Kong and Shanghai, targeting about $225 million valuation, in one of the biggest public offerings.
Alibaba’s Jack Ma sells stock worth $9.6 Billion to reduce stake in company
Alibaba's Jack Ma sells stock worth $9.6 Billion. Co-founder of Alibaba's Group Holding Ltd Jack Ma, has reduced his stake in the business. From 6.4% to 4.8% over the past year.
Showing 23 of 23 articles