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Ant Group to Offer Employees Zero Interest Loans

By
Shai Oster
· · Source: Bloomberg

Ant Group, the powerful Chinese online financial conglomerate whose IPO was blocked last year, is offering zero interest loans to employees to boost their morale, Bloomberg reported. The offer to borrow money off of employees’ stock options comes after regulators spiked what was going to raise a record $35 billion for billionaire Alibaba founder Jack Ma’s company. Bloomberg said the loans...

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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
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Stripe CEO Patrick Collison. Photo by Bloomberg.
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