Alibaba shares drop 8% after Jack Ma's Ant Group and regulator squash talk of revived IPO - CNBC

The planned IPO of Ant Group, which is controlled by billionaire Alibaba founder Jack Ma, was pulled in November 2020 after regulators flagged concerns.

Alibaba shares dropped 8% on Thursday after financial affiliate Ant Group said it currently has no plans to revive an IPO, and a key regulator said it had not conducted an evaluation on a potential l… [+1214 chars]

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