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IPO

U.S.-listed China stocks tank after Ant IPO revival reports denied

Alibaba, JD.com and Pinduodo suffer big declines

The cancellation of Ant Group's IPO in 2020 was a symbolic event in Chinese regulators' clampdown on tech firms.    © Reuters
CISSY ZHOU and JACK STONE TRUITT, Nikkei staff writers | China

HONG KONG/NEW YORK -- U.S.-listed Chinese stocks tumbled Thursday after regulators in Beijing and Ant Group denied reports that Jack Ma's fintech company was dusting off shelved plans for an initial public offering.

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