CNN CNN Special Report December 4, 2021 02:38:00
China obsolete. and the parent group of ali pay had grown into a financial giant. >> jack ma was a great asset for china but from the communist party's perspective a huge threat. >> only days before the group was anticipated to launch on the shanghai and hong kong stock exchanges. >> china putting the brakes on the world's biggest ipo. >> this is a stunning turn of events. >> suddenly everything came to a screeching halt. >> what happened? >> based on all reporting, president xi jinping himself personally intervened to stop the ipo from going forward. >> with global investors still reeling, ja...