The e-commerce giant Alibaba and its subsidiary Ant are more than ever in the crosshairs of the Chinese authorities.
Online payment specialist Ant was ordered on Sunday to put together a plan to meet a long list of regulatory requirements and stop some illegal activity, said Pan Gongsheng, vice governor of the People's Bank of China.
A little less than two months ago, Beijing had canceled at the last minute, to everyone's amazement, the IPO of this Alibaba subsidiary.
The decision was taken days after Jack Ma, the charismatic and multi-billionaire boss of Alibaba, criticized the actions of financial regulators.
This IPO was announced as a record with a raising of 37 billion dollars (30 billion euros).
But, since his suspension, Jack Ma has been summoned by the authorities and he has not been seen in public.
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Beijing sends a brutal call to order to billionaire Jack Ma, founder of Alibaba
Last Thursday, Beijing also announced the opening of an investigation into Alibaba,
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