Alibaba Falls After Ant Group’s IPO Is Suspended

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Ant’s listing in Shanghai was halted amid changes in the regulatory environment, according to a statement, which didn’t provide further details. Its Hong Kong IPO has also been suspended.

Alibaba owns about a third of the payments company, which was expected to begin trading on both exchanges on Nov. 5.

(Updates share move, adds Hong Kong suspension)

©2020 Bloomberg L.P.

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