Ant Group IPO to rocket Alibaba founder Jack Ma's wealth

Beijing (AFP) Oct 27, 2020

Chinese tech titan Jack Ma is set to become the world's 11th richest person after the financial arm of his e-commerce titan Alibaba raises billions in a mammoth public listing, according to the Bloomberg News. Ant Group said Monday it plans to raise $34 billion in a listing shared between Hong Kong and Shanghai - making it the biggest IPO in history. The e-payments behemoth, which runs