Chinese financial technology giant Ant Group is planning to turn itself into a financial holding company supervised by China’s central bank, the Wall Street Journal reported. Ant, the fintech affiliate of e-commerce giant Alibaba, has submitted to authorities an outline of its restructuring plan, the Journal said. The major revamp would be Ant’s response to growing pressure from China’s...
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The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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