Ant Monetary was set to have the largest IPO in historical past on the Shanghai and Hong Kong inventory market. However then a Jack Ma speech criticized the Chinese language Communist Celebration and its monetary regulators. After which instantly Ant Monetary had its IPO scrapped. Ant Monetary and its extremely well-liked Alipay has modified the best way Chinese language folks work together with cash by way of microfinance and cash administration. And that is made them some highly effective enemies. Jack Ma’s Alibaba Group additionally took a dive within the inventory market.
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mike pompeo quantitative finance