![The Alipay logo is pictured at the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba [SHINE]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2020/10/The-Alipay-logo-is-pictured-at-the-Shanghai-office-of-Alipay-owned-by-Ant-Group-which-is-an-affiliate-of-Chinese-e-commerce-giant-Alibaba-SHINE.jpg?resize=525%2C296&ssl=1){kind=logo}
Five newly launched Chinese funds targeting Ant Group’s upcoming mega stock listing raised 60 billion yuan (US$8.93 billion) cumulatively from more than 10 million retail investors, selling out within days, the funds’ distributor said. Continue reading “New funds raise US$9 billion for Ant IPO”
![Demonstrators, including members of the Massachusetts Asian-American Commission, protest on March 12 at the statehouse [AP]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2020/10/Demonstrators-including-members-of-the-Massachusetts-Asian-American-Commission-protest-on-March-12-at-the-statehouse-AP.jpg?resize=525%2C296&ssl=1)