Fintech giant Ant Group’s troubles began in November 2020, when Chinese regulators suspended its $34 billion IPO two days before a dual listing in Shanghai and Hong Kong. Beijing made it clear that the Alibaba-owned company would not be able to list in its current form.

China’s central bank then announced in December 2020 that it had summoned Ant for a meeting with financial regulators led by the People’s Bank of China (PBOC), and by February, the fintech platform had reportedly reached a deal to restructure.

But what are observers saying in Chinese?

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Julia Lu

Julia is an intern at TechNode. After graduating from Harvard University, she worked in the entertainment industry with Chinese writers and directors. Since then, she has researched the international impact...