HONG KONG: Ant Group’s US$35bil initial public offering (IPO) is unlikely to suffer from any US restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential investors and analysts said.
Trump administration officials are considering curbs on Ant, an affiliate of Chinese e-commerce firm Alibaba, and Tencent over concerns their payment platforms threaten national security, Bloomberg News reported.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!