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HONG KONG (Reuters) - Hong Kong stock exchange, which missed out on the chance to host Ant Group's record US$37 billion listing this month, believed the move to suspend the IPO was the right one and hoped the Chinese fintech giant would come back later, its CEO said on Wednesday.
SenseTime and Megvii, the most valuable Chinese AI unicorns worth US$7.5bil and US$4bil respectively, were added to the US Entity List in October last year. In 2019, surveillance was the biggest single end-use for AI in China, accounting for 53.8% of all AI-powered applications.
BEIJING: For once, the Chinese are concerned about the wealth of the country’s richest man more than the money in their own pockets.
SHANGHAI: Shanghai’s STAR Market is gradually becoming the first choice for Chinese tech firms’ initial public offerings (IPOs), thanks to its friendly listing requirements and efficient review process, experts said.
SHANGHAI (China Daily/ANN): Shanghai's STAR Market is gradually becoming the first choice for Chinese tech firms' initial public offerings, thanks to its friendly listing requirements and efficient review process, experts said on Tuesday (Nov 3).
SHANGHAI (Reuters): China's move to suspend Ant Group's US$37 billion listing is "necessary, reasonable and legal," given rising concerns over risks to financial stability, a top Chinese state-backed newspaper cited an expert as saying on Wednesday (Nov 4).
HONG KONG/NEW YORK: China suspended Ant Group's US$37 billion listing on Tuesday, thwarting the world's largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by billionaire Jack Ma.
HONG KONG: Retail investors bid for a record $3 trillion worth of shares in Ant Group Co Ltd's dual listing, in an unprecedented show of interest from mom-and-pop savers betting on demand for its financial technology services in China.
CHEN Wu frantically clicked the order button on his online brokerage account as the clock struck noon.