The Chinese tech firm, which is one of the world’s most valuable startups, is reportedly aiming to go public later this year. (The Wall Street Journal)
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The Chinese tech firm, which is one of the world’s most valuable startups, is reportedly aiming to go public later this year. (The Wall Street Journal)
Talking point: Ant Group is skipping New York as tensions between Washington and Beijing rise. The firm’s executive chairman, Eric Jing, said the listing would help develop both the Hong Kong and Shanghai indices by bringing in global investors. “We are thrilled to have the opportunity to play a part in this development,” said Jing. The U.S. has threatened to delist Chinese firms from U.S. exchanges and sanction government officials over Beijing’s new national security laws for Hong Kong. Other firms would be navigating the tensions, as well. Ant’s shareholders include funds managed by BlackRock, the world’s largest asset manager. The Canada Pension Plan Investment Board, the Carlyle Group and Warburg Pincus participated in Ant’s 2018 raise of US$14 billion.
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