“The Buzz” Show: Alibaba (NYSE: BABA) Stock Plummets Amid Ant Group IPO Halt

FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Alibaba Stock Plummets Amid Ant Group IPO Halt”

“The Buzz” Show: Alibaba Stock Plummets Amid Ant Group IPO Halt

Alibaba (NYSE: BABA) opened over 7% lower from its previous close after China put the brakes on Ant Group Co.’s initial public offering in Shanghai and Hong Kong.

The move comes one day after officials summoned Jack Ma and other Ant executives for an interview, potentially derailing the 37 billion dollar public offering of Ant Group, of which Albaba owns a 33 percent stake.

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba and that it will be a good company that lasts for 102 years.

Ant Group is the parent company of Alipay, China’s largest mobile payment platform, and the world’s leading financial technology open platform. Small and micro enterprises provide inclusive, green and sustainable services, and bring small and beautiful changes to the world.

For more "The Buzz" please visit: https://bit.ly/2Rlh4zH

About The Buzz: A Financial Buzz Show on daily news, covering the most up to date financial information. The Buzz intends to provide factual and relevant information for its audience. The Buzz is 100% original content, created by Financial Buzz Media. Located on Wall Street in the heart of New York City’s financial district, FinancialBuzz.com is a credible source for the world’s latest trending financial and economic news. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content.

© 2011 Financial Buzz. All rights reserved. No portion of this video or FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.

FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform.