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Ant Considers Moving Financial Services to Holding Company

By Wayne Ma
· · Source: Bloomberg

Ant Group, the Chinese financial technology company under attack by Chinese regulators, might move its financial business into a holding company that could be regulated like a bank, Bloomberg reported. This would allow Ant to continue operating financial services beyond its payments business, Bloomberg said. On Sunday, Chinese regulators ordered Ant to “return to payment origins” and rectify...

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By Alex Heath · April 16, 2021 6:20 PM PDT
Dion Foxworth, co-host of the “Stock Market Moves” show, uses the Clubhouse app. Photo:Bloomberg
Andreessen Horowitz is valuing the social media app Clubhouse at $4 billion in a round of financing with new investors DST Global and Tiger Global Management, according to a person familiar with the matter. The round triples Clubhouse’s valuation from January, in a deal Andreessen Horowitz also led, and comes as rivals Twitter and Spotify roll out their own audio chat features. It...
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