Ant Group, which operates the AliPay electronic payment service for Alibaba Group’s Taobao Marketplace, Tmall and AliExpress e-commerce platforms, is the world’s biggest fintech company. Based in the

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The world's largest IPO has been suspended
China’s regulators have foiled the largest stock sale in global finance as they called a halt on the November 5 debut of Ant Group’s IPO on the Shanghai and Hong Kong exchanges, less than 48 hours before the highly anticipated start of trading. Some 1.55 million small investors in Hong Kong had pumped $167.7 billion into the initial public offering in a bid to get a slice of the shares. They will get refunds, which include brokerage commission and stock exchange trading fee, within this week, according to Ant’s stock exchange filing. A meeting earlier this week between Ant Group’s senior executives and China’s top financial regulators led to “significant change” to Ant’s business environment