Ant Group is one of the biggest private companies in the world. And it was about to go public in a dazzling, record-setting debut. Until it couldn’t. And then suddenly things went very wrong very fast.
There have been a lot of news that the Ant IPO would be delayed for over a year, which goes to say a whole lot about the level of reforms that the government thinks the company needs.
The key regulation has to do with Ant’s super-profitable micro-lending platform. The way it is set up right now, it mints money. China is about to chop it down to size.
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A Closer Look at Ant Group’s Micro-loans
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A Closer Look at Ant Group’s Micro-loans
ant financial l?a d?o
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