Ant Group is an affiliate of the Chinese Alibaba Group, founded by Jack Ma, which owns China's largest digital payment platform Alipay. In November 2020, Ant Financial was scheduled for an IPO (when a private company sells shares on a stock exchange for public trading) and was expected to be valued at $313 billion by IPO pricing. After comments by Jack Ma criticizing Chinese antitrust laws, financial regulatory regime, and state-owned banks, the CCP blocked the IPO of Ant Group.