Ant Group, operator of Chinese payment behemoth Alipay, was set to have the largest IPO in history last November before Chinese regulators suddenly pulled the plug. In this episode, Martin Chorzempa from the Peterson Institute for International Economics, talks about the Chinese government’s response to the emergence of fintech, the evolution of Ant’s business model in recent years, what Ant’s scuttled IPO means for other fintech firms going forward, and the status of China’s proposed central bank digital currency.
Show notes
China, the United States, and central bank digital currencies: how important is it to be first?