Ant Group has reached an agreement to restructure itself as a financial holding company, which would subject Jack Ma’s fintech giant to similar capital requirements and other restrictions that govern banks, Bloomberg reported. Under the arrangement with Chinese regulators, all of Ant’s businesses, including food delivery, would be folded into the holding company, the report said. The...
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Dorsey Makes His Case to Wall Street: The Information’s Tech Briefing

It’s a good thing Jack Dorsey isn’t running for public office. Promising big changes when you’ve been in the job for more than five years tends to prompt skeptical questions. But in this case, investors seem to be willing to give Dorsey the benefit of the doubt. In what was a bit of a bloodbath on Wall Street today, Twitter was one of the few stocks going up after its big...
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