After China’s crackdown on his sprawling finance and e-commerce empire, billionaire Alibaba founder Jack Ma sought to win back the government’s favor. One way was to write a letter to China’s President Xi Jinping pledging to devote his life to rural education. It’s unclear when Ma wrote the letter or what was Xi’s reaction to it, according to Reuters. Xi has made reducing income inequality one...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service—announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including...
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