ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Interview

Ant Group director sees relaunch of IPO 'before too long'

Primavera's Fred Hu: crackdown will make China tech sector 'more competitive'

"The fundamentals of the company still remain intact," Fred Hu said of Ant Group.    © Reuters

HONG KONG -- It will "not be too long" before Ant Group is able to resume its suspended initial public offering, according a member of the Chinese financial technology group's board of directors.

The operator of the Alipay mobile payment service and Alibaba Group Holding sister company was poised to raise $35 billion in the world's largest-ever IPO last November before Chinese regulators intervened shortly before share trading was set to start in Hong Kong and Shanghai.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more