In Halting Ant’s I.P.O., China Sends a Warning to Business
Investors in what would have been the world’s largest share sale are getting refunds, as Beijing shows entrepreneurs the importance of listening to the Communist Party.
The Chinese government asserted its power over private business in stopping Ant Group’s initial public offering this week.
[https://www.nytimes.com/2020/11/06/technology/china-ant-group-ipo.amp.html#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s](https://www.nytimes.com/2020/11/06/technology/china-ant-group-ipo.amp.html#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s)