17:I[66739,["/_next/static/chunks/0.3dg.jzl0xwf.js?dpl=dpl_8p6Q5JakrWnro1WkLdLhx7ayTbu2","/_next/static/chunks/0s3w63gp9~d8s.js?dpl=dpl_8p6Q5JakrWnro1WkLdLhx7ayTbu2","/_next/static/chunks/0kllbnt_hzshd.js?dpl=dpl_8p6Q5JakrWnro1WkLdLhx7ayTbu2","/_next/static/chunks/053zyoym-_i67.js?dpl=dpl_8p6Q5JakrWnro1WkLdLhx7ayTbu2","/_next/static/chunks/0u2ayibg4ahb..js?dpl=dpl_8p6Q5JakrWnro1WkLdLhx7ayTbu2","/_next/static/chunks/0i99rkyrer3ax.js?dpl=dpl_8p6Q5JakrWnro1WkLdLhx7ayTbu2"],"default"] 19:I[38632,["/_next/static/chunks/0qqtp3r0h7kah.js?dpl=dpl_8p6Q5JakrWnro1WkLdLhx7ayTbu2","/_next/static/chunks/0iukvycbd42rl.js?dpl=dpl_8p6Q5JakrWnro1WkLdLhx7ayTbu2"],"IconMark"] 18:T521,

Ant Group is the business magnate Jack Ma's fintech subsidiary, the company behind the ubiquitous 'Alipay' app, which has one billion users. Last week, it was due to begin trading on the Shanghai and Hong Kong stock exchanges. Set to raise US$37 billion, it would have been the biggest IPO ever. But at the eleventh hour, the Chinese government scuppered the plans with crippling new financial reforms. So why won't China allow this homegrown fintech champion to go global? Rumours abound that Ma stepped on the wrong toes. I speak to Duncan Clark, author of Alibaba: The House that Jack Ma Built, on this episode.

Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.

For more Spectator podcasts, go to spectator.co.uk/podcasts.

Hosted on Acast. See acast.com/privacy for more information.

How China's richest man flew too close to the sun

Chinese Whispers

How China's richest man flew too close to the sun