Chinese President Xi Jinping shot Jack Ma’s IPO



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Chinese President Xi Jinping personally made the decision to suspend Ant Group’s initial public offering, which would have been the largest in the world, after majority shareholder Jack Ma infuriated government leaders, Chinese officials say aware of the matter.

The reprimand was the culmination of years of strained relations between China’s most famous entrepreneur and a government worried about his influence and the rapid growth of the digital payments giant he controlled.

Sir ….

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