Business > Tech

Jack Ma reportedly dismissed global banking rules as being enforced by 'an old people's club' as his fintech giant Ant Group gears up for its IPO this month

1 month ago   |   By Business Insider

Summary List Placement
Jack Ma criticized policymakers behind international financial regulations, slamming the existing framework as an outdated rulebook in the 21st century land of smartphone apps and other tech.
The Chinese billionaire founder of Alibaba made the remarks at a conference in Shanghai over the weekend, as reported by The Times. "The Basel Accords are like an old people's club... we can't use yesterday's methods to regulate the future," Ma reportedly said, referring to the set of banking regulations used to oversee financial institutions across the globe.
He said the rules...
Read more ...

 

Jack Ma's Ant Group aims to raise $34.5 billion in largest IPO of all time

Jack Ma's Ant Group aims to raise $34.5 billion in largest IPO of all time

1 month ago   |   By Business Insider

Summary List Placement
Ant Group will raise $34.5 billion through a dual initial public offering in November, making it the biggest-ever IPO.
The financial services giant aims to evenly split its 1.67 billion-share debut across the Hong Kong and Shanghai exchanges.
Shares will be priced at 68.8 yuan each in Shanghai and at 80 Hong Kong dollars in Hong Kong. The collective sum trounces the previous $29 billion record set by Saudi Aramco's IPO last year.
Ant is set to begin trading in Hong Kong on November 5, according to regulatory filings.
Visit the Business Insider homepage for more...
Read more ...

 


Search by Tags

   Tech  


Trump said he will 'certainly' leave the White House if the Electoral...

Trump said he will 'certainly' leave the White House if the Electoral College elects Joe Biden

Summary List Placement President Donald Trump said he "certainly" would leave the White House if the Electoral College elects President-elect Joe Biden. When asked by a... Read more ...

We found the best Black Friday Apple deals live now on Thanksgiving: Save...

We found the best Black Friday Apple deals live now on Thanksgiving: Save big on Airpods, iPhones, iPads, and more in 2020

Summary List Placement The best Apple Black Friday deals include discounts on iPhones, AirPods, iPads, and Apple Watches. The $250 AirPods Pro are available for a low price of... Read more ...

AstraZeneca will likely re-test its COVID-19 vaccine, CEO says after...

AstraZeneca will likely re-test its COVID-19 vaccine, CEO says after admitting an error in the first trial that may have skewed results

Summary List Placement Experts' trust in the validity of AstraZeneca's reported COVID-19 data have eroded quickly in just a few days. The company reported Monday that its... Read more ...

Sidney Powell published 2 misspelt election lawsuits against Georgia and...

Sidney Powell published 2 misspelt election lawsuits against Georgia and Michigan, even after the Trump campaign publicly disowned her

Summary List Placement Attorney Sidney Powell has pressed ahead with lawsuits alleging "massive election fraud" in Georgia and Michigan even after President Donald Trump's... Read more ...

AstraZeneca admits the best results in its COVID-19 vaccine study came from...

AstraZeneca admits the best results in its COVID-19 vaccine study came from a dosing error, and experts are raising new questions about the shot

Summary List Placement AstraZeneca and the University of Oxford on Wednesday acknowledged a dosing error in their COVID-19 vaccine trial - and some health experts have said it... Read more ...

Most of England banned from household mixing for months under Boris...

Most of England banned from household mixing for months under Boris Johnson's new tiered coronavirus restrictions

Summary List Placement Most of England will be banned from meeting with other households, potentially until the spring, after Boris Johnson announced a toughened up 3-tier... Read more ...

The Best Black Friday streaming deals for Hulu, Sling TV, Peacock, Amazon...

The Best Black Friday streaming deals for Hulu, Sling TV, Peacock, Amazon Music, and more

Summary List Placement Black Friday 2020 is nearly here, and there are already a ton of tech deals live right now. In addition to all the great products on sale, select... Read more ...

US weekly jobless claims rise to 778,000, more than economist forecasts as...

US weekly jobless claims rise to 778,000, more than economist forecasts as labor-market recovery weakens

Summary List Placement The number of filings for US unemployment insurance rose last week, defying economist estimates that called for a decline. The latest data suggests the... Read more ...

The best Black Friday Instant Pot deals that are already live now - save up...

The best Black Friday Instant Pot deals that are already live now - save up to 50% on popular Duo, Nova, and Viva models

Summary List Placement Some of the best early Black Friday 2020 deals on Instant Pot multicookers are being offered across Amazon, Target, Walmart, and Kohl's. Here's an... Read more ...

Second stimulus checks: Economists urge new round of $1,200 payments to...

Second stimulus checks: Economists urge new round of $1,200 payments to Americans

WASHINGTON - As Americans prepare for Thanksgiving, a group of more than 125 economists is calling for a second round of $1,200 stimulus checks for Americans, saying in an open... Read more ...