Reuters exclusively revealed that China’s central leadership has given billionaire Jack Ma’s Ant Group a tentative green light to revive its initial public offering, in the clearest sign yet that Beijing is easing its crackdown on the tech sector. Ant, an affiliate of the Chinese e-commerce behemoth Alibaba Group, aims to file a preliminary prospectus for the share offering in Shanghai and Hong Kong as early as next month.
The post Reuters reveals Beijing gives initial nod to revive Ant IPO after crackdown cools appeared first on Reuters News Agency.
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