- Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) affiliated fintech Ant Group's Hong Kong listing got postponed indefinitely as the bankers remained concerned over China's continued crackdown on the domestic tech sector, the Infomation reports.
- The weakness of publicly traded Chinese tech stocks, including Alibaba, has made it difficult for Ant and its stakeholders.
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- Ant's stakeholders include Silver Lake and BlackRock Inc (NYSE:BLK).
- Ant's holding pattern has triggered concerns over other potential listings by privately held Chinese tech firms, including TikTok owner ByteDance and commerce app Xiaohongshu.
- Chinese regulators revoked Ant Group's $37 billion IPO in late 2020 when it was worth over $300 billion.
- Price Action: BABA shares traded higher by 2.97% at $100.43 on the last check Wednesday.
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