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Jack Ma's Ant Group turning from windfall to nightmare for its global investors


Jack Ma s Ant Group turning from windfall to nightmare for its global investors
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Jack Ma s Ant Group turning from windfall to nightmare for its global investors
Bloomberg / Updated: Dec 27, 2020, 20:48 IST
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Chinese billionaire Jack Ma
Two months ago, global investors were on the cusp of embracing a windfall from what would have been the world’s largest initial public offering. Now, returns on the hundreds of millions of dollars invested with Ant Group are in jeopardy.
China ordered Ant to reexamine its fintech businesses spanning from wealth management to consumer credit lending and insurance and return to its roots as a payments service. ....

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