Alibaba’s Ant Group to list global arm in H. Kong

Ant Group, a subsidiary of Alibaba Group, is reportedly planning to list its international arm, Ant International, on the Hong Kong stock exchange, according to sources cited by Chinese media.

According to sources, Ant was in talks with regulators regarding a possible listing, as reported by Caixin. The article did not specify whether the discussions were with Chinese regulators or regulators from other countries.

Chinese authorities halted Ant’s $37 billion IPO in Shanghai and Hong Kong in 2020 and took action against Ma’s business empire following his critical speech in Shanghai in October of that year, where he accused financial regulators of hindering innovation.

Attribution: Reuters
Subediting: M. S. Salama