All about Ant Group’s suspended IPO

Strong China retail sales buffer group against fintech affiliate’s IPO turmoil.

“Regulators could use the IPO pause to re-assess the impact Ant may bring to the ecosystem of the Star Market.”

“Ant’s valuation is sure to be affected greatly as the microloan business accounted for almost half of the company’s entire profits.”

Alibaba co-founder Jack Ma is in possession of 34% of Ant Group’s shares.

“Small is beautiful, small is powerful,” Ant Group says on its website.

Ant Group’s dual-listing in Shanghai and Hong Kong has been put on hold, pending further approval from regulators.

Fintech company brings credit to small businesses often shunned by banks.

Hong Kong leg also appears headed for clawback to retail buyers.