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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The La La Land Life of Venture Capitalist Brianne Kimmel
Hi, welcome to your Weekend! It’s peak out-of-office message season in Silicon Valley, and not just because of the Fourth of July weekend. Tech layoffs are popping off everywhere. Venture dealflow has slowed to a crawl. The economic headwinds are fierce and giving certain people super bad feelings. Plus, after two-plus years of pandemic-driven insanity, the people of tech may...
TikTok CEO Responds to U.S. Senators’ Questions About User Data Security
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Amazon Secures UK Broadcast Rights for Lucrative European Soccer Games
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