China Blocked Ant Group’s IPO Over Beneficiarie | Epoch News | China Insider, The Epoch Times, on February 20, 2021 at 8:00 pm

The Wall Street Journal reported on Feb. 17 that the initial public offering (IPO) of Jack Ma’s Ant Group Co. was blocked by authorities for a previously undisclosed reason: Beijing was unsettled by the company’s complex ownership structure and the people who stood to benefit from the mega-IPO.

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