China's yearslong deleveraging campaign to weed out bad actors in its financial underbelly should be a lesson
Experts indicate that Jack Ma's open criticism of Chinese government's approach to financial regulation may have invited the ire of the all powerful Chinese state
The Shanghai Stock Exchange's surprise suspension of Ant Group's record-breaking initial public offering Tuesday night changed the landscape
Decision shows party takes precedence on business decisions
In this podcast, Business Standard's Samie Modak explains reasons behind the halt and the way forward for Jack Ma
The move upends what had been one of China's biggest business success stories
Shanghai, HK postpone listing two days before trading
Ant has faced censure in Chinese state media after Ma last month criticized local and global regulators for stifling innovation
China has been tightening rules and imposing capital demands on the sprawling financial operations of conglomerates such as Ant in an attempt to curb risks to its $49 trillion financial industry
Jack Ma, founder of China's e-commerce giant Alibaba, and his senior executives were summoned on Monday by Chinese regulators
People's Bank of China, China Securities Regulatory Commission as well as the country's banking and insurance regulator and forex regulator held the talks with Ant's controlling shareholder Ma
Alibaba claims it is able to cut order lead times by 75% with its solutions
Analysts say buyers struggling to secure allocations as fundraising expands to almost $37 billion
Ant is poised to raise about $17.2 billion on Shanghai's STAR Market and roughly the same in Hong Kong, shattering the record set by Saudi Arabian Oil Co
The co-founder of the e-commerce giant rarely speaks in public and is little known outside of China, but over the past two decades she's played a key role guiding Jack Ma's empire
Ant's meteoric rise was made possible in part by China's willingness to let it experiment
Ma's 8.8% stake is worth $27.4 billion based on the stock pricing in Hong Kong and Shanghai
Ant is set to raise as much as $19.8 billion in Hong Kong if it fully exercises an over-allotment option
Jack Ma, the billionaire founder of Ant and affiliate Alibaba Group Holding, said it was a "miracle" that such a large listing is taking place outside New York
The company's much-anticipated IPO is on track to surpass Saudi Aramco's $29 billion sale last year