He said the rules aren't suited to specifically apply to development and innovation in China and exclude opportunities for developing countries and young consumers, according to theJack Ma is the billionaire founder of the Chinese holding company Alibaba, whose marketplaces dominate the country's retail sphere and to which some have referred as "The Amazon of China.
Ant Group is the world's most highly valued fintech company and is currently prepping for an IPO this month, with a estimated valuation reported around $200 billion. The firm is filing for a dual listing in Hong Kong and Shanghai and just received the go-ahead from Chinese regulators to register for its offering in the latter city.
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