Ant Group of companies which is solely owned by the exceptional Chinese performer Jack Ma was about to push his financial arm into the market. Unfortunately, had been pulled off from the primary market due to the size and growth. China is a communist nation that wants everyone to grow together and equality to prevail. Having sustainable growth on the other side, China restricts the company's potentiality which made the absurd U-turn.
Another major reason would be, Jack Ma had criticized China's central bank as a "Pawn Shop" for not incorporating Big Data for a smoother lending process. This point wasn't absorbed as a correction and was conveyed in the raw state of mocking the central.
This chaotic state would have left the employees and investors in a muddling situation. Most of the employers would have been excited for ESOPs because share prices of secondary markets were expensive for a monthly wagger This dip in morale would impact productivity, job satisfaction or may lead to shifting companies.
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