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Jack Ma, Alibaba Group Holding Ltd

Ant Group says it will help employees monetize shares and commits to listing after canceled IPO

Ant Group says it will help employees monetize shares and commits to listing after canceled IPO

3/2/2021 1:42:00 PM

Ant Group says it will help employees monetize shares and commits to listing after canceled IPO

Eric Jing, executive chairman of Ant Group, said the company will find a 'short-term liquidity solution' for employees and committed to an IPO .

Key PointsAnt Group will find a "liquidity solution" for employees to monetize shares after its massive initial public offering (IPO) was pulled by regulators.Eric Jing, executive chairman of the Chinese financial technology company created by Alibaba founder Jack Ma, also committed to getting the company listed.

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Jing said the technology giant is looking into a "short-term liquidity solution" for employees to take effect in April.A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020.

Aly Song | ReutersGUANGZHOU, China — Ant Group will find a "liquidity solution" for employees to monetize shares after its massive initial public offering (IPO) was pulled by regulators, according to a top executive at the company.Eric Jing, executive chairman of the Chinese financial technology company created by headtopics.com

Alibabafounder Jack Ma, also committed to getting the company listed.An employee posted on Ant Group's internal message board asking about the future of the company and how to retain talent. In response, Jing said the technology giant is looking into a "short-term liquidity solution" for employees to take effect in April, without elaborating what that might mean, a person who saw the memo told CNBC.

Ant Group declined to comment when contacted by CNBC.The Wall Street Journal first reported the contents of the message. Read more: CNBC »

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