(Bloomberg) -- Days after China snuffed out the biggest initial public offering in history, Ant Group Co. gathered its investment bankers at a Hong Kong convention center overlooking Victoria Harbour. Most Read from BloombergForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries
Brokerages' race to the bottom in trading fees has been a breakthrough in helping to make investing less cumbersome to newcomers. While high commissions used to be a costly obstacle for new investors and discouraged some from investing altogether, that's now less of an issue. In fact, a recent study by discount broker Charles Schwab found that 15% of current U.S. investors bought their first shares just last year.
(Bloomberg) -- Ant Group Co. ramped up its capital base to 35 billion yuan ($5.4 billion), almost a year after Chinese regulators thwarted its record initial public offering and told it to overhaul its sprawling operation.Most Read from BloombergNYC's Waldorf Gets Plush Renovation, Becomes Icon of China's OverreachHow Singapore's $50 Billion Financial District Will Change After Covid-19Tycoon Behind a Crisis-Era Property Crash Now Sits on a $9 Billion Debt MountainHow France Turned the Humble Ro