China Underground > All the latest news about China > One Reason China Blocked Ant’s IPO: Xi Jinping’s Unease About Who Stood to Gain

One Reason China Blocked Ant’s IPO: Xi Jinping’s Unease About Who Stood to Gain

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Well-connected Chinese power players, including some with links to political families that represent a potential challenge to President Xi and his inner circle, were behind layers of opaque investment …

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