China Is Probing Ant s Speedy Listing Process After Halting IPO msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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China is investigating how Ant Group founder Jack Ma got speedy approvals for the company s stock listing last year, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
The central-government investigation, which started early this year, focuses on regulators who greenlighted the initial public offering, local officials who advocated it and big state firms that stood to gain from it , according to the report.
Ma s relationships with these state stalwarts are also being examined as part of the investigation, the report said.
China has already imposed a sweeping restructuring on Ant Group, the
FinanceChina investigates Ant Groupâs IPO approval process - WSJ
Reuters
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A sign of Ant Group is seen during the World Internet Conference in Wuzhen, Zhejiang province, China, Nov. 23, 2020. REUTERS/Aly Song
China is investigating how Ant Group (688688.SS) founder Jack Ma got speedy approvals for the companyâs stock listing last year, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
The central-government investigation, which started early this year, focuses on âregulators who greenlighted the initial public offering, local officials who advocated it and big state firms that stood to gain from itâ, according to the report.
Trendyol Seeks Over $1 Billion to Become Largest Turkish Startup
Bloomberg 2 hrs ago Ercan Ersoy and Myriam Balezou
(Bloomberg) Turkish e-commerce firm Trendyol, which is backed by Chinese online giant Alibaba Group Holding Ltd., is seeking to raise more than $1 billion in a deal that could make it the country’s largest startup, people familiar with the matter said.
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Trendyol is aiming for a valuation of at least $15 billion in the new round, the people said, asking not to be identified because the information is private. The fundraising is aimed at investors in the U.K. and the U.S. as the company looks to expand its international footprint, the people said.