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Is Ant Group a Risk to China's Financial System?

Edit: I have a follow up video here:    • A Closer Look at Ant Group’s Micro-loans   November 2020, Chinese fintech giant Ant Group had been set for a titanic $34.5 billion IPO on the Shanghai and Hong Kong markets. The company would be worth something like $300 billion. Jack Ma, the biggest individual shareholder, would be $27 billion richer. The IPO would have been the largest in the world and it sparked a frenzy in China over its shares. But then Jack Ma gave a speech at the Bund Summit in Shanghai on October 2020. And then someone got pissed. Chinese regulators put the IPO on hold and then called Jack Ma and the rest of the senior Ant Group team to Beijing to do "supervisory interviews". In this video I want to talk about how Ant grew so fast, its relationship with China’s banking system and what it means for the company going forward. Links: - The Asianometry Patreon:   / asianometry   - The Asianometry Newsletter: https://asianometry.com