Zen Soo

In this Friday, Oct. 23, 2020, photo, the figure of the Ant Group's mascot is displayed at the office in Hong Kong. The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records.

Why Ant Group Is About to Shatter IPO Records

Even before announcing its IPO plans, Ant Group was the world’s most valuable fintech company.

In this Aug. 30, 2020 file photo, Chinese Foreign Minister Wang Yi delivers a speech during a press conference at the Institute for International Relations in Paris. China on Tuesday, Sept. 8, 2020 unveiled its own initiative to address global data security issues, a countermove that comes a month after the U.S. announced its 'clean network' program aimed at discouraging other countries from using Chinese technology. Chinese foreign minister Wang Yi announced the initiative at a seminar on global digital governance.

China Launches Initiative for Global Data Security

Beijing said mounting cybersecurity risks threaten national security, public interests and personal rights.