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China warns Jack Ma, Ant Group on rapid expansion citing regulatory risks

Ant has faced censure in Chinese state media after Ma last month criticized local and global regulators for stifling innovation

Topics
Jack Ma | China | Alibaba

Bloomberg News 



Jack Ma
Billionaire Jack Ma, chairman of Alibaba Group Holding Ltd., looks on during news conference in Hong Kong, China. Bloomberg

warned and senior Ant Group Co. executives that the fintech giant will face new curbs on its expansion, highlighting growing regulatory risk for the world’s largest initial public offering just days before its trading debut.

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First Published: Tue, November 03 2020. 08:32 IST

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