What could be better for your first article than to start with a top financial topic. China suspends the biggest IPO in the world !!!

The $ 37 billion IPO of Ant Group, the financial group of the Alibaba company, was scheduled to take place on November 5th. The day before its IPO, the Shanghai Stock Exchange stopped the process. Why?

On November 3, Jack Ma, founder and manager of Alibaba as well as 2 managers from Ant Group were received by the Chinese stock exchange authority to verify the soundness of the financial elements. These elements are not strong enough.

This is only the economic version of this judgment because what stopped presented on the stock market is a comment by Jack Ma who attacked the Chinese financial system by believing that it was outdated.

The Chinese government shows once again that it is the strongest.

Result: Alibaba plunged more than 8% the next day at the Dow Jones