• Ant Group
• 16 Feb, 2021

One previously unreported reason Jack Ma's Ant Group lost its IPO was because of the complex ownership structure of the company, The Wall Street Journal (WSJ) writes. The previously reported reasons the highly coveted IPO didn't go forward were that president Xi Jinping was furious with Ma for making remarks criticizing government regulation last October, and that the government overall was concerned with how Ant was growing as a company.
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