Antai professor Li Nan reviews the case of Ant Financial, which planned what would have been the world's largest-ever IPO in autumn 2020, a plan suddently halted by China's regulators.Applicants: 54
The suspension of Ant Group's IPO in autumn 2020 made global headlines. Why did the regulators take such action? How did Ant Group grow into a financial giant in China in a relatively short time? Was the Ant Group at that time a financial Ant or a tech Ant? Professor Li leads us through the four rounds of dispute between the company and China's regulators, discussing the real reasons behind the listing's failure. Along with the timeline of Ant´s development, and the structure of the company, Professor Li provides a wealth of supporting data to demonstrate the company's actual situation and substantial risk created by the business model.
This session introduces the timeline of the development of Alipay and its business, analyzes how they make profits and how regulators respond to the new form of development in finance sector in China.
This session discusses the nature of Ant Financial through analyzing its structure of business and the financial risks it brings, which lead to suspending of Ant Financial IPO by regulators.