Alibaba hit by the regulator

By: Miguel A. Rodriguez

10:44, 05 November 2020

Ant's IPO fiasco set to clip its wings and dent its value.
  • China’s surprise suspension of Ant Group’s record $37 billion listing is likely to dent the financial technology giant’s valuation and growth prospects.
  • The price of Bitcoin seesawed amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong.
  • Wall Street’s main indexes surged as investors bet that an excruciatingly close race for the White House could end with gridlock in Congress.

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