Jack Ma tio fixed: Ant Group IPO halted by Tiong cock stock exchange

[TerrexLee]

It was heralded as China’s answer to JPMorgan -- a homegrown financial giant on the cusp of the biggest stock-market debut the world has ever seen.

Instead, with billions on the line and an initial public offering all but sealed, Chinese authorities have abruptly thrown into doubt the future of Ant Group Co. and its celebrated founder, the billionaire Jack Ma.

Only days before the financial-technology juggernaut was to go public in Shanghai and Hong Kong -- a coup for China’s financial markets that once would have been unimaginable -- the $35 billion IPO was halted on Tuesday after Ma was summoned by regulators. In an extraordinary turn of events, authorities announced that they had belatedly discovered an array of shortcomings that, by some accounts, might require the sprawling Ant to be overhauled.

More at https://tinyurI.com/y3u7ggww

 

[laksaboy]

More of these famous Tiong 'entrepreneurs' will be in big trouble soon.

 

[Pinkieslut]

Yayapapaya better fixed him!

 

[syed putra]

Will the chicoms crucify him like Jesus, or execute him using anti aircraft artillery like what Kim did yo his uncle. And feed the remnants to hungry dogs.

 

[blackmondy]

He slapped Winnie Xi's face for criticizing Tiong Cock of not having any proper financial system.

 

[Chase]

ANT Financial has some disclosure issues. Eg. you don't know how much bad debts that they are sitting on.

1-2 weeks ago, Ma fugged Wang Qishan openly in China, I am not sure if this is the main catalyst that halted the IPO.

 

[Chase]

Ma is too haolian.
Still remember that he mocked those poor people for being lazy? Everyone has different baggage in life.

 

[Chase]

 

[syed putra]

Ma is too haolian.
Still remember that he mocked those poor people for being lazy? Everyone has different baggage in life.

Jack ma maybe arrogant. But he was 2nd fiddle to elon musk during a interview.

 

[syed putra]

ANT Financial has some disclosure issues. Eg. you don't know how much bad debts that they are sitting on.

1-2 weeks ago, Ma fugged Wang Qishan openly in China, I am not sure if this is the main catalyst that halted the IPO.

It seems ANT gives micro credit on a massive scale and approval within minutes using AI which depresses the loan sharks and traditional banking. In a way, it's good what ANT is doing. But loan failures maybe higher.
Having said that, GRAMEEN bank in Bangladesh only gives micro credit and it has been around for decades helping impoverish communities access to capital.
The founder was given a Nobel peace prize for his effort.

 

[blackmondy]

This video explains it best.
BTW, this HK-based finance guru has just shifted his base to Sinkie-land recently.