China Blocked Jack Ma’s Ant IPO After Investigation Revealed Likely Beneficiaries

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A previously unreported Chinese government investigation found that Ant’s IPO prospectus obscured the complexity of the firm’s ownership. President Xi didn't like what it revealed.

, Jack Ma, for criticizing his signature campaign to strengthen financial oversight.

There was another key reason, according to more than a dozen Chinese officials and government advisers: growing unease in Beijing over Ant’s complex ownership structure—and the people who stood to gain most from what would have been the world’s largest IPO. In the weeks before the financial-technology giant was scheduled to go public, a previously unreported central-government investigation found that Ant’s IPO prospectus obscured the complexity of the firm’s ownership, according to the officials and government advisers, who had knowledge of the probe.

Those individuals, along with Mr. Ma and the company’s top managers, stood to pocket billions of dollars from a listing that would have valued the company at more than $300 billion.

 

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The underlying message...remember, this is not a free market. Americans continue to underestimate the CCP’s underlying power.

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When U.S. conservatives blamed China for the global COVID-19 pandemic, Beijing, Democratic Party, MSM went on the offensive, unleashing a massive disinformation campaign to shift blame to America & Trump, labeling anything not inline with CCP as conspiracy theory discrediting it.

Finally, after some Communist China friendly reporting in the West (like Xi’s pal Bloomberg) to whitewash the truths of Jack Ma’s ‘persecution’, we now have some reporting closer to the truths. 😉

Where is jack ma at rn tho Swear he hasn’t been active in a minute

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If Navalny were an opposition leader in China, you would have nothing to report, you would know nothing about his whereabout. Just look at Jack Ma.

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On the contrary, in order to fight against corruption and protect public property, China has carried out a thorough investigation of equity owners to expose possible hidden bad shareholders.

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