Ant Group Receives Green Light for What Could Be A Record-Breaking IPO

Jack Ma’s Ant Group has been given the green light to go public after recent regulatory hearings in Shanghai to assess the company’s potential risk to the Chinese online finance sector. This result is a positive relief for Ma after China announced that it would draft new regulations to curb the unhealthy growth of financial holding companies such as Ant that were said to pose systemic risks to the nation’s $12.7 trillion economy...