Photo: The Economic Times
Billionaire Jack Ma Suspected Missing Amidst Chinese Scrutiny
Chinese billionaire and 'Alibaba' owner Jack Ma is speculated to have been abducted as his whereabouts are unknown since November 2020. Ma's disappearance came into light after he was replaced by another Alibaba executive as a judge in his show 'Africa's Business Heroes' for its final episode. Reportedly, the Chinese regime had started cracking-down on Ma's Alibaba and ANT group following his criticism of the country's financial regulation… read-more
Tags: Jack Ma, Alibaba, Ant Group, China
Courtesy: Business Today
Photo: Office Chai
Ant Group Halts IPO Process; Jack Ma Loses $3 Billion
Ahead of the world's biggest Initial Public Offering (IPO), Ant Group's listing at the Shanghai and Hong Kong markets was halted after the company's owner Jack Ma was called for a "supervisory interviews". Also, Ma lost $3 billion after Alibaba's shares at the New York trading slipped by 8.1%. The IPO, which attracted orders worth $3 trillion, would have propelled Jack Ma to become Asia's richest person.
Tags: Jack Ma, Ant Group, IPO, Regulatory Filings
Courtesy: Live Mint
Photo: The Wall Street Journal
Jack Ma's Ant Group IPO Attracts Orders Worth $3 Trillion From Investors
Alibaba's Jack Ma-backed Chinese fin-tech firm Ant Group's Initial Public Offering (IPO) has attracted orders worth $3 trillion by individual and institutional investors in Hongkong and Shanghai markets. Interestingly, the bids are equivalent to the UK's GDP and higher than India's GDP. Reportedly, the IPO is expected to bag $34.5 billion, breaking the previous record of Saudi Aramco ($29.4 billion). Reportedly, the company will begin trading… read-more
Tags: IPO, Ali Baba, Ant Group, Investments, HONGKONG, China
Courtesy: Business World
Photo: Newstrack
China's Ant Group Eyes World's Largest Share Market Debut
Alibaba's founder Jack Ma-backed Chinese fin-tech giant Ant Group is eyeing to make world's largest share market debut by selling stocks worth $34.4 billion. The company plans to sell only 11% of shares on Hong Kong and Shanghai stock markets on November 5. Reportedly, investors from Singapore and Abu Dhabi have already shown interest in purchasing shares. Ant Group owns digital payment app 'Ali Pay' and offers various financial services.
Tags: Jack Ma, Ant Group, Alibaba, Investment
Courtesy: BBC
