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.
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
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.