Alibaba is one of China’s most successful companies. Its financial arm, Ant Financial, has generated a revolution in China. In a country where almost all traditional banking was in the hands of the State, it was practically impossible for small businesses or families to get credit. All this has changed with this fintech. However, just when Ant Financial was about to break an all-time record with its IPO, the Chinese regulators have put the brakes on it. There are several political and ideological reasons, but also economic ones.
