Ant Group's shock IPO suspension hammers Alibaba shares

Shanghai (AFP) Nov 4, 2020

China's shock, last-minute decision to suspend the record-breaking IPO of fintech giant Ant Group hammered shares of founder Jack Ma's e-commerce titan Alibaba on Wednesday and left investors reeling. Shanghai's stock exchange announced the suspension late on Tuesday, less than 48 hours before shares were to begin trading and one day after Ma was summoned by regulators amid growing official