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Ant Financial－which owns a digital wallet service, a wealth management fund, and a micro loan platform,－is losing ground in the world's biggest digital-payments market and is therefore unlikely to conduct an IPO in 2017, reported news agency Bloomberg, citing sources with knowledge of the matter.

Anta group's interim results for the six months ending June 30 saw its revenue increase 19.2 percent year-on-year to .1 billion. Profit was up 28.5 percent to 7.4 million.

Apart from the United Kingdom's decision to leave the EU at the end of January and its trade volume no longer being part of the bloc's total amount with China between January and March, China's surging imports of integrated circuits from the ASEAN was another contributor for the phenomenon, said Li Kuiwen, director-general of the GAC's statistics and analysis department.

Another 23 regions' growth rate in real estate development investment outperformed the national level from January to May this year.