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Inside the Chaotic Unraveling of Jack Ma’s $35 Billion IPO

  • Ma’s meeting in Beijing marked the start of a wild 72 hours
  • Ant faces new reality of tighter regulation, restrained growth
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Jack Ma's Wealth Plunges by Nearly $3 Billion After Ant IPO Suspension
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The mid-level bureaucrats left China’s richest man waiting as they prepared for a meeting that would send shockwaves across the financial world.

It was Monday morning in Beijing, and Jack Ma had been summoned to a conference room at the China Securities Regulatory Commission just days before he was set to take Ant Group Co. public in the biggest stock-market debut of all time.