How the Chinese government acquired an 8 percent stake in Ant Group.
When Ant Group, the Chinese fintech giant, goes public later this year, it’s expected to raise $30 billion to become the largest initial public offering in history. That means its stakeholders stand to make a whole lot of money.
One of those stakeholders, indirectly at least, is the Chinese government.
The state owns about eight percent of the Ant Group, spread across several government firms and a fund operated by the central government, according to WireScreen, the data arm of Th
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A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
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Bob Fu's relationship with China has gone through phases. First, he thought money would solve his problems there; then he joined protesters at Tiananmen Square, thinking the politics could change. In the end, he determined, only God could save China, and he's been fighting for religious freedom in China ever since he resettled in Texas. With his nonprofit, ChinaAid, prospering like never before, he says the U.S. is finally catching on.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.