Regulatory crackdown


Ant rejig cools investor appetite for revived IPO

Ant rejig cools investor appetite for revived IPO

(ATF) China's regulatory revamp of Jack Ma's Ant Group is set to transform the fintech giant into a financial holding company – yet it appears to have cooled investor appetite for a revived listing at home.Ant Group was previously set to be the biggest IPO ever last November, tipped to …

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Alibaba media holdings are latest pressure point for Jack Ma

Alibaba media holdings are latest pressure point for Jack Ma

(ATF) Alibaba faces pressure from the Chinese government to reduce its exposure to media assets that range from a big stake in online platform Weibo to Hong Kong’s long-established South China Morning Post, according to reports from the Wall Street Journal and Bloomberg on Monday March 15.Media holdings are not …

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Ant IPO could get back on track if it follows the law: PBoC chief

Ant IPO could get back on track if it follows the law: PBoC chief

(ATF) Jack Ma’s Ant Group will be able to resume its planned IPO once it fixes its problems according to the law, China's central bank chief has said.In the meantime, sources said Ant is planning – in the face of severe regulatory pressure – to refashion itself as a financial …

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Sunway aborts live-streaming sales move amid regulatory clampdown

Sunway aborts live-streaming sales move amid regulatory clampdown

(ATF) The shares of Sunway have continued falling after the Shanghai-listed special cable-maker said it will not be acquiring a majority stake in Chinese TikTok star Luo Yonghao’s live-streaming e-commerce start-up after a change in the country's regulatory environment.Sunway, based in Leshan in Sichuan province, decided to drop its previously …

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Tencent's market value plunges $89 bn from anti-monopoly move

 Tencent's market value plunges $89 bn from anti-monopoly move

(ATF) China’s new rulings on internet platforms has landed with the impact of an e-commerce Black Friday event. While internet platforms smashed online retail sales records from ‘Double 11’, the share prices of top online retailers in China plummeted. Tencent was especially mauled.The newly released Anti-monopoly Guidelines on Platform Economy …

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