Reuters reveals Beijing gives initial nod to revive Ant IPO after crackdown cools

Reuters exclusively revealed that China’s central leadership has given billionaire Jack Ma’s Ant Group a tentative green light to revive its initial public offering, in the clearest sign yet that Beijing is easing its crackdown on the tech sector. Ant, an affiliate of the Chinese e-commerce behemoth Alibaba Group, aims to file a preliminary prospectus for the share offering in Shanghai and Hong Kong as early as next month.