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November 3, 2020 07:09 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_gpV0yIrLbw/
Pulled Ant Group IPO costs Alibaba nearly $60B in market cap
News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares. This afternoon, equity in sister-company Alibaba is off around 8% in the wake of the delayed offering and news that Ant had run into regulatory issues with the Chinese government. Ant was spun […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_gpV0yIrLbw/
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