Stock market

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)
Economy

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

By Chen Jing 13 Nov 2020
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)
Economy

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

By Allaudeen Hameed , By Ruth Tan , By Zhang Weina 06 Nov 2020
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?
A deliveryman walks past a closed Luckin Coffee store at Sanlitun, Beijing, China on 7 February 2020. (Jason Lee/File Photo/Reuters)
Economy

Misbehaving US-listed Chinese enterprises and their gambler attitudes

By Zhang Rui 06 May 2020
Chinese companies listed on US stock exchanges such as Luckin Coffee and iQiyi have been embroiled in accounting scandals of late, causing investors to eye Chinese concept stocks with doubt. What can Chinese companies with hopes of gaining access to foreign investment do to improve their bad reputations by association?