How and why the Chinese hijacked Jack Ma's $37 billion IPO of Alibaba's Ant Group

At the 11th hour, the Chinese blocked Ant Group's $37bn IPO, owned by Jack Ma's Alibaba. Strangely, Ma himself was missing and his name was censored on Weibo, the Chinese blogging platform. Watch the mysterious story behind why all this happened and what happens next.

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Sources

Panda Daily
Jack Ma Urges Chinese Financial Market Reform Before Ant Group’s Huge IPO; Jiyayi Sun; October 26, 2020

Economic Times
Alibaba's Jack Ma makes first public appearance since October in an online conference: State media; Lulu Yilun Chen and Coco Liu; Jan 20, 2021
China Orders Ant Group to Revamp Its Business; Dec 29, 2020
China’s Fintech Giants Scramble to Rethink IPOs and Raise Cash; Nov 27, 2020

The New York Times
China Is Dismantling the Empire of a Vanished Tycoon; Alexandra Stevenson; July 18, 2020
China Halts Ant Group’s Blockbuster I.P.O.; Raymond Zhong and Cao Li; Nov 3, 2020
Why China Turned Against Jack Ma; Li Yuan; Jan 20, 2021
Alibaba's Jack Ma Makes First Appearance After China Criticism; Tiffany May; Jan 20, 2021

Wall Street Journal
What Happened to China's Superstar Entrepreneur Jack Ma? | WSJ

Bloomberg Quicktake
Jack Ma’s Empire in Crisis After China Halts Ant Group IPO

Live Mint
The case for the digital dollar isn’t as straightforward as it appears; Barry Eichengreen; Mar 17, 2021
Why China suddenly decided to place Alibaba under its scanner; Angela Huyue Zhang; Mar 3, 2021
HOW JACK MA BLEW ANT’S $35-BILLION IPO; Rahul Jacob; Nov 19, 2020
Jack Ma’s blunt words appear to have cost him $35 billion; Shuli Ren; Nov 04, 2020

International Business Times
Is Jack Ma Missing? A Timeline Of Chinese Billionaire's Last Known Whereabouts; Dawn Geske; Jan 04, 2021

Times of India
China targets Jack Ma’s Alibaba, Ant empire in monopoly probe; Dec 25, 2020

The Economist
Xi Jinping is trying to remake the Chinese economy; Aug 15, 2020

The Print
Ant Group — A $280 billion unicorn that just had its legs broken; Tim Culpan; Dec 28, 2020.
China tells Jack Ma’s Ant Group to return to its roots as a provider of payments services; Dec 28, 2020.

CBIRC
Announcement of the China Banking and Insurance Regulatory Commission and the People’s Bank of China on the "Interim Measures for the Administration of Online Small Loans (Draft for Comment); Nov 02, 2020

TIME
Where Is Alibaba Founder Jack Ma? What the Saga of One of the World's Richest Men Reveals About China Under Xi Jinping; Charlie Campbell; Jan 04, 2021

Forbes
Disappearing Billionaires: Jack Ma And Other Chinese Moguls Who Have Mysteriously Dropped Off The Radar; Jennifer Wang; Jan 07, 2021

Bloomberg
Ant conducting ‘self-review’ after $35 bn IPO fiasco; Dec 16, 2020
Jack Ma’s blunt words appear to have cost him $35 billion; Shuli Ren; Nov 5, 2020
Jack Ma under regulators’ lens on eve of Ant listing; Niov 3, 2020

Reuters
Ant to become financial financial holding firm under enforced revamp; Apr 13, 2021
China fines Alibaba record $2.8bn for violating anti-monopoly norms; Apr 11, 2021
Ant’s IPO fiasco dents value; Scott Murdoch & Kane Wu; Nov 5, 2020

[saurav]

It may sound harsh but this is ryt step what china has done to alibaba why should all the money to go to one individual. In India most of the wealth is confined to very few rich billionaire but major population dont have even get basic necessities of life though media project Chinese govt oppressive but look at the brighter side they have created skill job and world class infrastructure but here in india our leaders are busy trading netas just for the power chairs and now when country need vaccines, greater plans and strategy for elimating covid intellectual and visionaries netas are busy in elections wars and now when there will be public anger against govt all the medias and govt agencies will divert the topic toward china and Pakistan to save there ash. People grow up and dont be in trap let give the voice for the injustice done for the place regions where u belong india will change only when all its public will start speaking against the negligence of govt of the netas for the netas and only for the businessman.

[keshav]

If I was in China and hit the like button of this video, I maybe booked for curruption even though I'm broke 😂

[sudarshangm]

Long story short... the moral of this is.. "kuch bhi karne ka par xijingping ka ego hurt nahi karne ka.."..😌

[Loony]

Xing Ping destroys every billionaire who steps into his way

[anasyahaya]

The legend is back !! Much respect from Nigeria

[mo-s-]

"He is too powerful to be left alive"

[satvikagarwal]

well i think we are ahead of them in this aspect because they rely on the wallet system for digital payments but we have a well built bank account to bank account pay system.

[pritimoychakma]

I am one of few visitors from very remote North East India, I very much appreciate the work of Bisbo how it well research and explain the fact through animation

[JosephStalin-iofp]

Well explained !
You seem to be quite neutral .

Hats off bisbo♥️

[Clashtoons]

You don't only explain you animate that too. Appreciate that.

[gurpreetty]

Jack ma ko chak-ma 😂😛


Very well explained team bisbo 💛
Keep doing well! 🌟🌟

[triptisharma]

I really appreciate Bisbo for making animation to understand the story . It becomes easy to understand the news especially for school students

[zzzaaalll]

It just started in india . Lot of apps are giving loans without collateral for high interests and people are being trapped 😓

[gokulg]

WOW! ISTG I have been binge-watching Bisbo, and I must say, u guys are OP. The animation and narration are up to the mark. What editing software do u guys use??

[emekaofordile]

U are one of my best subscriptions on YouTube. Always 100% engaging & informative.

[manash]

The only channel who's notification is set to all. Thank you for sharing your work. God bless you legend .

[manash]

Thank you YouTube for suggesting me this channel. Gotta appreciate your work. Very unique and refreshing. Hats off man🙌

[spoidy_]

Liked before watching ❤️❤️❤️
Gobisbo🔥🔥🔥🔥

[combatforce]

Great video Bisbo! Please make a detailed video on the Chattisgarh Maoist attack

[Palatineoffacts]

the rbi ignored me when i reached about comments on india's CBDC plans but then they went out and submitted that crypto ban+CBDC permission bill from the gov. Really cant make sense of this anymore, if modi has enough control to ban notes without telling the rbi governor then why is rbi trying to gain more footing?