Alibaba Group founder Jack Ma, who has been under China government's scrutiny since the abrupt suspension of Ant's blockbuster $37 billion initial public offering (IPO) in Shanghai and Hong Kong has not been seen in public for more than two months, according to some media reports. Reports suggest that Jack Ma did not even shown up for the final episode of his own talent show, Africa's Business Heroes in November and an Alibaba executive had taken his place at the show.
Alibaba and rivals such as Tencent Holdings are facing increasing pressure from regulators after amassing hundreds of millions of users and gaining influence over almost every aspect of daily life in China.
Last month, China's antitrust authorities had launched a probe into Ma's e-commerce conglomerate Alibaba Group Holding and China's central bank had asked the group to shake up its lending and other consumer finance operations.
The Chinese regulators had earlier abruptly suspended Ant's blockbuster $37 billion initial public offering in Shanghai and Hong Kong. Ant Group IPO, which was touted as the world's biggest public offering and was scheduled to be simultaneously listed on Shanghai and Hong Kong bourses, on November 5, was halted in China less than 48 hours before going public.
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Alibaba and rivals such as Tencent Holdings are facing increasing pressure from regulators after amassing hundreds of millions of users and gaining influence over almost every aspect of daily life in China.
Last month, China's antitrust authorities had launched a probe into Ma's e-commerce conglomerate Alibaba Group Holding and China's central bank had asked the group to shake up its lending and other consumer finance operations.
The Chinese regulators had earlier abruptly suspended Ant's blockbuster $37 billion initial public offering in Shanghai and Hong Kong. Ant Group IPO, which was touted as the world's biggest public offering and was scheduled to be simultaneously listed on Shanghai and Hong Kong bourses, on November 5, was halted in China less than 48 hours before going public.
#JackMa #AliBaba #China #INDIA'S18
PRODUCED BY : INDIA'S18
EDITED BY : VINAY GAUTAM
India’s 18 | Latest News | India’s 18 के साथ देखिये देश-विदेश की सभी महत्वपूर्ण और बड़ी खबरें | Watch the latest Hindi news on India’s 18 Channel on YouTube.
#India’s18 #Indias18 #HindiNews
----------------------------------------------------------------------------------------------------------
India’s 18 | Hindi News | Latest News |
----------------------------------------------------------------------------------------------------------
India’s 18 News Channel:
India’s 18 भारत का सर्वश्रेष्ठ हिंदी न्यूज चैनल है । आज तक न्यूज चैनल राजनीति, मनोरंजन, बॉलीवुड, व्यापार और खेल में नवीनतम समाचारों को शामिल करता है। आज तक न्यूज चैनल की लाइव खबरें एवं ब्रेकिंग न्यूज के लिए बने रहें ।
India’s 18 is India's best Hindi News Channel. India’s 18 news channel covers the latest news in politics, entertainment, Bollywood, business and sports. Stay tuned for all the breaking news in Hindi!
Subscribe To Our Channel: https://www.youtube.com/indias18
Official website: https://indias18.com
Like us on Facebook: https://www.facebook.com/indias18
Follow us on Twitter: https://twitter.com/indias18network
Instagram: https://www.instagram.com/indias18
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