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Benzinga

Anusuya Lahiri

Here's Why Jack Ma Led Alibaba Affiliate's IPO Got Postponed Indefinitely

BABA (Organization) Ant Alibaba Jack Ma Ant Group NYSE Alibaba Group Holding Ltd BlackRock Inc BLK ByteDance

Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) affiliated fintech Ant Group's Hong Kong listing got postponed indefinitely as the bankers remained concerned over China's continued crackdown on the domestic tech sector, the Infomation reports.
The weakness of publicly traded Chinese tech stocks, including Alibaba, has made it difficult for Ant and its stakeholders.
Related Content: Here's Why DiDi Shares Are Trading Lower Today
Ant's stakeholders include Silver Lake and BlackRock Inc (NYSE:BLK).
Ant's holding pattern has triggered concerns over other potential listings by privately held Chinese tech firms, including TikTok owner ByteDance and commerce app Xiaohongshu.
Chinese regulators revoked Ant Group's $37 billion IPO in late 2020 when it was worth over $300 billion.
Price Action: BABA shares traded higher by 2.97% at $100.43 on the last check Wednesday.

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Top stories on inkl right now

Ireland Eye Unlikely Six Nations Title Against Uncertain Italy

Ireland Eye Unlikely Six Nations Title Against Uncertain Italy

Ireland have a glimmer of hope that they can retain their Six Nations crown on Saturday when they take on Italy in Rome, looking to bounce back from a painful defeat to title favourites France.

International Business Times

Pentagon considering military options for Panama Canal access: Report

Pentagon considering military options for Panama Canal access: Report

Officials say US military’s Southern Command exploring multiple options, from working with Panama to military action.

Taiwan’s president labels China a ‘foreign hostile force’ and ramps up security measures citing ‘infiltration’

Taiwan’s president labels China a ‘foreign hostile force’ and ramps up security measures citing ‘infiltration’

Lai Ching-te’s speech – which included a proposal to set up military courts – prompted an angry reaction from Beijing, which called him a ‘creator of crisis’

The Guardian - AU

Once-routine immigration check-ins become high-stakes calculation as some are detained

Once-routine immigration check-ins become high-stakes calculation as some are detained

Immigrants who are cooperating with officials while they apply to stay in the U.S. are now fearful of detention during routine appointments with Immigration and Customs Enforcement

The Independent UK

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North Carolina Republican heckled by angry constituent as another town hall erupts

North Carolina Republican heckled by angry constituent as another town hall erupts

‘You have nothing to say but lies,’ the angry constituent shouted at Representative Chuck Edwards

The Independent UK

Trump administration briefing: Judge reinstates some fired workers, more tariff threats on EU

Trump administration briefing: Judge reinstates some fired workers, more tariff threats on EU

Judge says it is a ‘lie’ that employees at federal agencies had performance issues; Trump mulls EU alcohol tariff – key US politics stories from Thursday at a glance

The Guardian - US

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Top stories on inkl right now

Ireland Eye Unlikely Six Nations Title Against Uncertain Italy

Ireland Eye Unlikely Six Nations Title Against Uncertain Italy

Ireland have a glimmer of hope that they can retain their Six Nations crown on Saturday when they take on Italy in Rome, looking to bounce back from a painful defeat to title favourites France.

International Business Times

Pentagon considering military options for Panama Canal access: Report

Pentagon considering military options for Panama Canal access: Report

Officials say US military’s Southern Command exploring multiple options, from working with Panama to military action.

Taiwan’s president labels China a ‘foreign hostile force’ and ramps up security measures citing ‘infiltration’

Taiwan’s president labels China a ‘foreign hostile force’ and ramps up security measures citing ‘infiltration’

Lai Ching-te’s speech – which included a proposal to set up military courts – prompted an angry reaction from Beijing, which called him a ‘creator of crisis’

The Guardian - AU

Once-routine immigration check-ins become high-stakes calculation as some are detained

Once-routine immigration check-ins become high-stakes calculation as some are detained

Immigrants who are cooperating with officials while they apply to stay in the U.S. are now fearful of detention during routine appointments with Immigration and Customs Enforcement

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

North Carolina Republican heckled by angry constituent as another town hall erupts

North Carolina Republican heckled by angry constituent as another town hall erupts

‘You have nothing to say but lies,’ the angry constituent shouted at Representative Chuck Edwards

The Independent UK

Trump administration briefing: Judge reinstates some fired workers, more tariff threats on EU

Trump administration briefing: Judge reinstates some fired workers, more tariff threats on EU

Judge says it is a ‘lie’ that employees at federal agencies had performance issues; Trump mulls EU alcohol tariff – key US politics stories from Thursday at a glance

The Guardian - US

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Brooke Shields' 'outdated' living room color was a staple in the '80s – but her polished and textured spin on the shade proves it will never go out of style

Brooke Shields' living room features a gray sofa and a gray, painted bookshelf, which design experts say gives the space a calm, chic feel

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Is generative AI ready for streaming? Probably not, as the internet reacts to “horrible” upscaling of classic sitcoms

Two Eighties sitcoms seem to haven been upscaled with AI for streaming – and fans aren't happy

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Donatella Versace defied expectations to become a fashion icon of her own

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