Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn Eyes turned to Jack Ma, Alibaba founder and the largest stakeholder in Ant Group, after the Shanghai Stock Exchange announced it would postpone the group’s mega-IPO.Credit: Greg Beadle/World Economic Forum, Creative Commons NEW YORK — The Chinese fintech conglomerate Ant Group, known for its digital payments and other online financial services, has just been stopped in its tracks, after Chinese regulators suspended its simultaneous public listing, originally scheduled for November 5, on the Hong Kong and Shanghai Stock Exchanges. The suspension is possibly in response to a recent speech by Jack Ma, Ant’s controlling shareholder, who was critical of financial regulations that he believes show insufficient understanding and support for fintech innovation. The Ant IPO was to be the largest in history, surpassing that of Saudi Aramco ($25.6 billion when first listed last December), and Ant’s first cousin, Alibaba ($25 billion on its New York Stock Exchange debut in 2014). Based on Ant Group’s IPO prospectus, the company aims to raise $34.4 billion (for about 11 percent of its shares). With a total market valuation projected at $313.4 billion, Ant would be the third-largest Chinese-lSubscribe or register to read the rest. Registered users can access a limited amount of content for free.Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.