Ant Financial

With the regulatory clampdowns out of the way Ant can refocus on business growth and even pave way for reviving its IPO

Ma will still hold voting rights and economic interests in the company following the change.

“Working hard for rural revitalization and common prosperity is the responsibility for our generation of businessmen.” - Jack Ma

What's behind Beijing’s change of heart on Ant? And why did it punish a “national champ” that was about to do a world-beating IPO?

Interest could shift to Hong Kong in the week of Oct 19-23 leaving the local market in the doldrums

For DBS, digital activity volumes have increased from 30–60% overall, especially among older clients whose activity increased fourfold.

(Jan 2): Billionaire Jack Ma’s Ant Financial has applied for a digital banking licence in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.

(Sept 6): Regulators need to increase their scrutiny of non-bank firms that are moving into the financial business, according to the chief executive officer of DBS Group Holdings, Southeast Asia’s largest lender.

(June 28): Alibaba Group Holding Ltd. is scaling back its presence in Silicon Valley—a sign that the Trump administration’s crackdown on Chinese investment in US companies is casting a chill.

(Apr 11): Temasek Holdings has pretty high hopes for Ant Financial.