Until about a week ago, China’s financial services giant Ant Group was on top of the world. It was on the cusp of the largest initial public offering in history, which would have raised US$34 billion. The IPO would also have made it a favourite in the race for a digital bank licence in Singapore.

Chinese regulators, however, brought Ant’s party crashing down last week, as they pulled pulled The New York Times China Halts Ant Group’s Blockbuster I.P.O. Read more the plug on the IPO.

AUTHOR

Benjamin Cher

Based in Singapore, Ben covers news and stories from the hub of Southeast Asia. He covers the intersection of technology and business, and how it affects Singapore and Southeast Asia. Ben was previously a reporter at The Edge Singapore.

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