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China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for
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Billionaire Jack Ma sets a new record with his giant ant - in 2014 his Alibaba IPO had already broken all records. Today, this new mega-IPO responds perfectly to the wishes of Beijing, which wants to see the national flagships of the technology sector listed on national stock exchanges (Shanghai and Hong Kong), in a period of heightened rivalry with the United States. United. Ant Group is the parent company of Alipay, an essential payment system in China, which claims 700 million monthly users for an annual transaction volume equivalent to 14,000 billion euros.
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The coronavirus has claimed some of SoftBank’s “unicorns” as casualties — and its billionaire CEO used a fantasy-driven slide presentation to illustrate the problem. The Japanese investment giant reported an $18 billion loss for its Vision Fund Monday after its buzzy “unicorn” tech startups like Uber and WeWork fell into what CEO Masayoshi Son called …
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Billionaire Alibaba founder Jack Ma on on Monday resigned from SoftBank’s board in what is the latest departure by a high-profile ally of CEO Masayoshi Son. SoftBank didn’t give a reason for Ma’s resignation, but it came the same day that SoftBank’s giant Vision Fund reported a staggering $18 billion annual operating loss — the …
China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for
