World’s biggest IPO suspended after PBoC intervenes

Mobile payments in China

The listing of China’s biggest financial technology firm has been suspended after Chinese authorities interviewed controller Jack Ma and other senior managers at the company.

The initial public offering of Ant Group – which operates major Chinese payment platform Alipay – would have been the biggest stock market debut to date, with analysts expecting it to raise $30 billion.

The suspension came a day after four Chinese regulators, including the People’s Bank of China (PBoC), interviewed the

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