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Ecommerce

Ant Founder Jack Ma Faces Backlash From Regulators [Video]

Jack Ma is getting a lesson about who is in charge.

Chinese regulators on Tuesday suspended the $34 billion initial public offering of Ant Group, the online-finance operation carved out of e-commerce giant Alibaba Group, just two days ahead of what was planned to be the world’s largest-ever initial public offering.

The extraordinary regulatory…

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