China Halts Ant Group’s IPO, Throwing Ma Empire Into Turmoil

  • Shanghai exchange cites ‘major issues’ when suspending debut
  • Ma was called into a meeting with top regulators on Monday
Jack Ma's Wealth Plunges by Nearly $3 Billion After Ant IPO Suspension
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It was heralded as China’s answer to JPMorgan -- a homegrown financial giant on the cusp of the biggest stock-market debut the world has ever seen.