Alibaba Group Holding Limited's stock is trading slightly up amid reports of the unlikelihood of the Ant Group's IPO in the short term. Ant Group recently won approval to buy back up to 7.6% of its equity interest from investors, valuing Alibaba's fintech affiliate at $78.54 billion. In July, China ended its regulatory overhaul on the Alibaba fintech affiliate with a record penalty of $984 million. Ant Group paid the fine for violating consumer protection and corporate governance laws. Jack Ma's holding companies invested $1.5 million in a newly established marine technology firm.