Ant Group's Listing Unlikely in Short Term, Says State Media

According to sources close to regulation, a listing of Ant Group, the blockchain technology branch backed by Jack Ma, is unlikely in the near future. This news comes after Ant Group announced a share buyback that valued the company at $78.54 billion, significantly lower than the previously touted $315 billion. The state media reported on Saturday that the company's IPO remains suspended.

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