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February 20, 2021
China Blocked Ant Group’s IPO Over Beneficiarie
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The Epoch Times
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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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