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Alibaba CEO: Unable to Assess Impact From Ant Group’s Challenges

By
Juro Osawa
· · Source: The Information

Alibaba Chief Executive Daniel Zhang said the company is unable to assess the impact from the challenges facing its financial technology affiliate Ant Group, whose $37 billion initial public offering in November was suspended by the Chinese government. “Ant Group’s business prospects and IPO plans are subject to substantial uncertainties,” Zhang said during Alibaba’s conference call with...

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