Warning of New Risk to Investors as Alibaba Affiliate Prepares to Go Public

Tiffany Meier
By Tiffany Meier
September 20, 2020China in Focus

A Washington-based advocacy group is warning against a possible new risk to investors, as a financial affiliate of Chinese e-commerce giant Alibaba prepares to go public in Hong Kong. Ant Financial Services Group, formerly known as Alipay, hopes to raise $30 billion from the dual listing. However, the company’s ties to the Chinese communist regime could make it a target for U.S. sanctions.

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