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.