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MARKET DEBUT OF CHINESE E-FINANCE GIANT ANT GROUP POSTPONED

The planned stock market debut of the world’s biggest online finance company, Ant Group, was suspended in Shanghai and Hong Kong, disrupting a record-setting $34.5 billion initial public offering that highlighted China’s recovery from the coronavirus pandemic.

The Shanghai stock exchange cited regulatory changes in Ant’s industry and a possible failure to meet disclosure requirements but gave no details. Ant said later it would suspend its Hong Kong debut

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