Ma Yun

This file photo taken on 17 September 2018 shows Alibaba Group executive chairman Jack Ma preparing to deliver a speech during the main forum of the World Artificial Intelligence Conference 2018 (WAIC 2018) in Shanghai. (STR/AFP)

China's tightening fintech regulations may benefit Ma Yun's Ant in the long term

The writing was on the wall, but what changes has fintech company Ant Group’s recent IPO suspension sped along for the online microfinance industry? Zaobao correspondent Chen Jing takes a closer look.
A booth of digital finance products is seen at a fair during the INCLUSION fintech conference in Shanghai, China, 24 September 2020. (Cheng Leng/Reuters)

With Ant Group's record $34.5 billion IPO suspended, what happens next?

Jack Ma’s fintech company Ant Group had it all planned out. It would bypass American stock exchanges and proceed with a dual listing on the Hong Kong Stock Exchange and Shanghai’s STAR market, which would have raised an estimated US$34.5 billion, the biggest IPO in history. Now that the IPO has been suspended, what happens next?
Fully Automated Luxury Communism (FALC) by Aaron Bastani explores the future of human work.

A fully automated luxury communism for China’s future?

Every month, anthropologist Bram Barclay discusses a book or concept and how it relates to contemporary China.