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Jack Ma Pays Price: 2.1 Trillion Yuan Ant IPO for 21 Minutes Speech

According to the WSJ, China’s President Xi Jinping personally stopped Ant group’s record-breaking IPO allegedly angry with Jack Ma’s speech at a Shanghai Summit, where China’s second richest man openly criticized Beijing’s innovation stifling financial regulation. On Oct. 24, at the “Second Bund Financial Summit” organized by CF40, Jack Ma, in the title of co-chair of … Continue reading Jack Ma Pays Price: 2.1 Trillion Yuan Ant IPO for 21 Minutes Speech

Can Jack Ma's ANT Group meet China's Regulators Requirements?

Chinese fintech giant Ant Group was expected to go public on Nov. 5, until founder Jack Ma provoked regulators in Beijing, prompting China’s President Xi Jinping to personally pull the plug on the record-breaking $37 billion initial public offering (IPO). After the Ant Group IPO was suspended, founder and China’s second-richest man Ma disappeared from … Continue reading Can Jack Ma's ANT Group meet China's Regulators Requirements?

Bit Origin Limited Signs LOI to Acquire 30.62% Equity Interests in Horizon Mining Ltd

Bit Origin Limited, an emerging cryptocurrency mining firm based in the US, has announced recently that it has signed a Letter of Intent (“LOI”) to acquire 30.62% equity interest in Horizon Mining Ltd- an operator of a crypto mining site located in Macon, Georgia. Bit Origin seeks to make the acquisition to further facilitate its … Continue reading Bit Origin Limited Signs LOI to Acquire 30.62% Equity Interests in Horizon Mining Ltd