Dec 20, 2020
In episode 337, Rui Ma from TechBuzz China podcast joined us in
a conversation to break down what just happened to Ant Group's IPO
and why it was halted at the eleven hour by the Chinese government.
At the start of the conversation, Rui Ma shared the back story and
explained how Ant Financial have built their business from the
escrow and payments app to now a vast financial business with
lending and investment services included. Last but not least, Rui
Ma dived deep into the regulatory landscape and offered the
different scenarios to when Ant Group might be able to IPO in the
Here are the interesting show notes and links to the
Ma, Creator & Host of Tech Buzz China podcast by Pandaily produced by SupChina
our last conversation in April 2020, what have you been up
Group and why China slams the brakes on their IPO
- Before we start talking about the IPO, let’s
understand the company a little bit more. Can you talk about how
Ant Group was initially started as Alipay by Jack Ma and then
became Ant Financial? I believe there was a huge controversy about
the founding of Alipay as well right?
is the current ownership of Ant Group like and who are the key
you talk about the many branches of business that they offer and
how these businesses are structured? For example, the lending &
- Alipay is just one of the different products
which sits within Ant Group. There are other products, for example,
Zhima Credit, Huabei, Jiebei, MYBank, Ant Insurance, etc. Can you
talk about how these products are organized by the different
businesses within Ant Financial?
Financial changed their name to Ant Group in June 2020 wanting to
stress that they’re not just a finance company but a tech company.
Why do you think they wanted to shift away from this kind of
branding and do you believe in this rhetoric?
has Ant Financial worked within the regulatory landscape in the
financial services sector in China?
- But as we all know, one day
after the US Elections on Nov 4, the Chinese government halted the
IPO. What happened and what is the current status of Ant
- If the Ant IPO did take place,
what would have been the prospects of growth for the
- What are the implications of
Ant Financial’s botched IPO towards the Alibaba
you think that they will be going public in the next half a year or
you recommend something that has inspired you recently?
The show is hosted and produced by Carol Yin (@CarolYujiaYin) and
originally created by Bernard Leong (@bernardleong, Linkedin). Sound
credits for the intro music: Taro Iwashiro, "The Beginning" from
Red Cliff Soundtrack.