China's regulators summon Alibaba's Jack Ma ahead of USD 39.7 bn public offer of his Ant Group

Jack Ma, founder of China's e-commerce giant Alibaba, and his senior executives were summoned on Monday by Chinese regulators for talks, just days ahead of the world's biggest initial public offer of USD 39.7 billion shares of the group's subsidiary - the Ant Group.
Citing an official statement, China's state-run Global Times daily said on Monday that the officials from the People's Bank of China and other departments summoned Jack Ma Yun and other executives of Ant Group for talks over regulations. "Further details weren't immediately available, it said.
"Management group at Ant Group said the Fintech giant will continue to innovate, welcome supervision and serve the real economy after it was summoned by the top financial regulatory authority on Monday," it said.

#China #AntGroup #AlibabaGroup #JackMa #ChineseBusinessMagnate #AntGroupsCoFounder #HybizNews #News #ChinaNews #LatestNews #NewsUpdates #BreakingNews

HyBiz Tv is India’s most-watched Digital Business Channel with over One Million regular viewers. In the 10 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, promotional videos, interviews, ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country..
► Watch More Business Videos at India's Leading online business channel http://www.hybiz.tv
► like us on Facebook: http://www.facebook.com/hybiz
► Watch More Videos on http://www.youtube.com/hybiztv
► Subscribe to HYBIZTV Channel: goo.gl/EEXqfu
►Follow us on Twitter https://twitter.com/hybiztv