Ant Listing in HK, Shanghai: Part of Chinese IPO Bandwagon?

China’s Ant Group says it seeks to dual list in Shanghai and Hong Kong. Alibaba’s fintech arm is seeking a valuation of more than 200 billion U.S. dollars. Ant Group is the parent company of China’s most popular mobile payment platform AliPay. The world’s highest-valued fintech company, bigger than WeChat Pay and Apple Pay today, it offers a variety of online financial services for consumers, including payments, banking, brokerages, and wealth management. So, what’s behind its decision to list in Shanghai and Hong Kong rather than New York?

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About This Source - CGTN

This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.

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