China’s banking authorities approved Jack Ma’s Ant Group’s application to set up a consumer finance company, a major milestone in the restructuring of the massive online financial group after regulators suddenly pulled the plug on its IPO late last year. Ant will control half of the new entity, with six other partners owning the rest. One of the key reasons for the halt of the IPO was worry...
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‘We Just Have to Keep Winning’: A Sonos Executive With a Colorful History Goes to War Against Google
A few months into his job as chief legal officer of Sonos, Eddie Lazarus was ready to wage war. When Lazarus joined the audio hardware company in late 2018, it was facing growing competition from tech giants like Amazon and Google. Both companies were selling cheap speakers capable of multiroom audio playback, a feature Sonos had pioneered on its devices more than a decade earlier. Sonos...
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