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?

The episode is likely to reinforce the notion that the party calls all the shots when it comes to major business decisions.

This IPO, raising US$37 billion, is the world's largest

Billionaire Jack Ma’s Ant Group is poised to pull off what could be the biggest initial public offering ever by simultaneously listing in Hong Kong and Shanghai, gunning for a valuation of US$225 billion (S$305.52 billion).

The share sales could raise about $30 billion in total if markets are favourable, said one of the people, requesting not to be named because the matter is private.

(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.

SINGAPORE (Sept 2): Elon Musk and Jack Ma matched wits publicly for the first time. And boy, they did not disappoint. An onstage debate between China’s richest man and the Tesla boss left a largely Chinese audience both awestruck and dumbfounded as the

(July 29): Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades.

SINGAPORE (June 3): For the past 15 years, Li Yajun, also known affectionately as Nana to people around her, has given up the creature comforts of her home in Taiwan to spend nearly all her time in the remote villages in Nepal, working with and for the ru

SINGAPORE (Apr 22): “I’m a kiasu Singaporean. Being first in line for this is a privilege that will never happen again.” — Justin Zheng, who was the first in line to eat at US burger chain Shake Shack in Jewel Changi Airport on its April 17 openin