Jack Ma’s Ant Group has received the initial nod from the Chinese Leadership for the revival of its initial public offering (IPO). Ant is an affiliate of the e-commerce giant of China, Alibaba Group Holding. It is aiming to file a preliminary prospectus mainly for the share offering in Hong Kong and Shanghai by July.

Beijing gives initial nod to revive Ant IPO after crackdown cools Ant aims to file preliminary prospectus as soon as July-sources ChinaPulse.com China News, Data, Media Intelligence and Insights comes via ChinaTechNews.com.