Almost 3 years since his disappearance in 2020, Jack Ma, the Alibaba founder was seen in the unlikeliest of locations. On June 29th, the high-profile Chinese billionaire was seen in Pakistan! As soon as news of what’s being called a personal visit became public, social media users started speculating about the purpose of his visit. The Express Tribune reported that Ma arrived in Lahore on June 29 and stayed there for around a day. This is his first public appearance since his whereabouts suddenly became unknown to the rest of the world in 2020.
3 Jul 2023China’s new regulations will force the company to act more like a traditional lender and less like an asset-light provider of technology services to the financial industryThe more pertinent risk for Ant is a decline in its breakneck pace of growth and lofty valuation
6 min read5 Nov 2020China blocked the fintech giant’s $37 billion listing on Tuesday, thwarting its debut in Hong Kong and Shanghai scheduled for ThursdayRetail investors in the two markets used their savings and borrowed heavily from banks and brokerages for what many saw as a once-in-a-lifetime investment opportunity
3 min read4 Nov 2020The last-minute ambush by China’s regulators has been seen by analysts and investors as an attempt to cut Ant founder Jack Ma and his financial services empire downThe halt to the IPO has not only hurt Ant but also the bank leading the listing CICC, as it is likely to miss out on a hefty payday
4 min read4 Nov 2020The success of Ant in serving more than a billion Chinese people and then harvesting that value on the stock market raises the question—but what about India?
4 min read4 Nov 2020Investors were wary that regulators’ problem with the deal could spread beyond Ant to other Chinese technology stocksMore than $3 trillion just from retail investors had been placed in bids for Ant
2 min read4 Nov 2020Ant said that its listing had been suspended by Shanghai following a recent interview regulators held with its founder Jack Ma and top executivesAlibaba shares slumped 7% after Ant Group IPO suspended
1 min read3 Nov 2020The IPO has attracted interest from some of the world’s biggest money managers, and is sparking a frenzy among individual investors in ChinaFour Chinese regulators call in Ant founder and 2 other executives for questions ahead of Ant’s stock-market debut
2 min read2 Nov 2020In 2018, the financial-technology giant raised $10.3 billion in its first and only private sale of stock to institutions outside China
4 min read30 Oct 2020Ant is benefiting from the unusually buoyant mood among retail investors globallyAbout 5.16 million retail accounts placed a record 19.05 trillion yuan ($2.85 trillion) of orders for Ant shares
4 min read30 Oct 2020The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared