On November 5th, 2020 Ant Group, China’s leading fintech company, was slated for an IPO expected to raise $30 billion. However, Ant Group was forced to cancel its IPO as financial regulators in the PRC had intimated to Ant Group that new regulations would make its business model untenable. Ant Group controls Alipay, the dominant … Continue reading "Like Crushing Ants: China’s Changing Relationship With Its Emerging Tech Giants"