CHINA VOICES | Official media: Ant is only the beginning

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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