A customer buys drugs through a facial-recognition system at a “future chemist” in Zhengzhou, capital of central China's Henan Province on May 24, 2018. Photo: XinhuaA customer buys drugs through a facial-recognition system at a “future chemist” in Zhengzhou, capital of central China's Henan Province on May 24, 2018. Photo: Xinhua
A customer buys drugs through a facial-recognition system at a “future chemist” in Zhengzhou, capital of central China's Henan Province on May 24, 2018. Photo: Xinhua

Jack Ma’s Ant Group, valued at over US$200 billion, to kick start concurrent IPOs in Shanghai and Hong Kong, bypassing New York

  • The IPO could peg Ant Group at more than US$200 billion, more valuable than state-owned China Construction Bank and just shy of Bank of America
  • China’s richest man Jack Ma effectively controls about 50 per cent of the voting interest in Ant Group, according to Alibaba’s annual report

Topic |   IPO
A customer buys drugs through a facial-recognition system at a “future chemist” in Zhengzhou, capital of central China's Henan Province on May 24, 2018. Photo: XinhuaA customer buys drugs through a facial-recognition system at a “future chemist” in Zhengzhou, capital of central China's Henan Province on May 24, 2018. Photo: Xinhua
A customer buys drugs through a facial-recognition system at a “future chemist” in Zhengzhou, capital of central China's Henan Province on May 24, 2018. Photo: Xinhua
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