Because ants gold service chanting and other business exists up to a hundred times the financial leverage, if ants gold service successfully listed, this risk will eventually become a systematic risk, once the ants gold service problem, it will be super destructive to the financial market, to the whole financial market impact. Obviously, this kind of ultra-high interest operation is not accepted by the market, so it is a reasonable result that the listing of ant gold service has been called off. Affected by this, Alipay and other platforms have also adjusted the amount of online loans for young people, and shelved all Internet deposit products.

Ant listing was called off mainly because:

1. regulatory interviews, and it's own. The body is mainly a financial company, in relation to money, is always going to be regulated.

2. Late Ant Group's growth has begun to be detrimental to the stability of the market and the normal flow of money.

3. The interest rate for chanting and borrowing is too high compared to banks.

Ant Technology Group Co., Ltd. began in 2004 with the establishment of Alipay. in March 2013, Alipay's parent company announced that it would take its main body to prepare for the establishment of a small financial services group, the small microfinance became the predecessor of ant gold services. in July 2020, ant gold services officially changed its name to Ant Group.

The Ant Group, with the vision of "making credit equal to wealth", is committed to building an open ecosystem and helping financial institutions and partners accelerate their progress towards "Internet+" through the "Internet Enabler Program". +Through the "Internet Enabler Program", we help financial institutions and partners accelerate their progress towards "Internet Plus" and provide inclusive financial services to small and micro enterprises and individual consumers. Relying on mobile Internet, big data and cloud computing as the basis, it is an important practice of financial inclusion for China. It has sub-business segments such as Alipay, Balance Bao, Zhaocai Bao, Ant Jubao, Netcommerce Bank, Ant Chanting, Sesame Credit, etc. On November 3, 2020, the Shanghai Stock Exchange issued a decision to temporarily suspend the listing of Ant Group on the Science and Technology Board of the Shanghai Stock Exchange. On the same day, Ant Group announced the temporary suspension of listing on the Hong Kong Stock Exchange.

This is also the largest single private financing in the global Internet industry to date. Net rumor after this financing, ant gold service valuation of more than 60 billion U.S. dollars. The new strategic investors in this round of financing include CIC Overseas and Jianxin Trust (a subsidiary of China Construction Bank), respectively, and a number of insurance companies, including China Life, China Post Group (the parent company of the Postal Savings Bank), China Development Finance, and Chunghua Capital and other strategic investors in the A round have continued to invest.