China's Ant Group says no plan for IPO, focusing on business optimisation

China's Ant Group says no plan for IPO, focusing on business optimisation

FILE PHOTO: A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS/Yilei Sun/File Photo

China’s fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters.

Ant Group has been focusing on its business rectification and optimisation, and does not have a plan for an IPO,” the company spokesperson said.

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