Ant Conducting ‘Self-Review’ After $35 Billion IPO Collapses
- Chairman Eric Jing says firm trying to meet regulatory demands
- Fintech giant is ‘finding out our shortcomings,’ Jing says
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Ant Group Co. Chairman Eric Jing has emerged contrite and apologetic from the collapse of the fintech giant’s $35 billion initial public offering.
The company is “looking into the mirror, finding out our shortcomings, and conducting a body check-up,” Jing said in a speech at the 4th China Internet Finance Forum on Tuesday. Ant is striving to “properly manage” issues related to the suspension of the IPO, he said.