{"id":108257,"date":"2021-01-13T08:47:06","date_gmt":"2021-01-13T08:47:06","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108257"},"modified":"2021-01-13T08:47:06","modified_gmt":"2021-01-13T08:47:06","slug":"pe-firm-privavera-chairman-says-remain-optimistic-about-chinas-ant-group","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/pe-firm-privavera-chairman-says-remain-optimistic-about-chinas-ant-group\/","title":{"rendered":"PE firm Privavera chairman says remain optimistic about China&#x27;s Ant Group"},"content":{"rendered":"<figcaption>FILE PHOTO: Fred Hu, Chairman of Primavera Capital Group, poses for a photo ahead of a Reuters interview in Beijing, China, January 10, 2017.  REUTERS\/Jason Lee<\/figcaption><p>HONG KONG (Reuters) &#8211; Private equity firm Primavera Group, which counts China\u2019s Ant Group as one of its portfolio companies, remains optimistic about the financial technology giant, its chairman Fred Hu said on Wednesday, despite the ongoing regulatory crackdown.<\/p>\n<p>Hu\u2019s comments come as Chinese regulators are investigating e-commerce giant Alibaba and its affiliate Ant after abruptly cancelling its initial public offering (IPO) in November last year.<\/p>\n<p>Alibaba founder Jack Ma, who also controls Ant, has not been seen in public since Ant\u2019s IPO debacle.<\/p>\n<p>Hu said he believed Ma was \u201csafe and sound\u201d.<\/p>\n<p>For more coverage from the Reuters Next conference please click here or here<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-china-pe\/pe-firm-privavera-chairman-says-remain-optimistic-about-chinas-ant-group-idUSKBN29I0RF\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: Fred Hu, Chairman of Primavera<\/p>\n","protected":false},"author":3,"featured_media":108256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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