Caixin OnlineFinance & EconomicsTop Stories Finance Closer Look: Regulator Takes Hard Look at Jack Ma-Hundsun Deal
04.22.2014 18:10

Closer Look: Regulator Takes Hard Look at Jack Ma-Hundsun Deal

CSRC is already finding that securities firms and fund companies are worried about a transaction involving leading financial software provider
By staff reporters Fan Junli and Liu Caiping

(Beijing) – The securities regulator has been consulting large securities firms and fund companies regarding the proposed acquisition of a leading financial software provider by Jack Ma, the founder and chairman of e-commerce giant Alibaba Group, sources with knowledge of the matter said.

Zhejiang Rongxin Network Technology Co. Ltd., in which Ma holds 99.1 percent of the shares, proposed buying all of Hangzhou Hundsun Technologies Group Co. Ltd. (Hundsun Group).

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