Ant Group and at least a dozen banks are scaling back their cooperation in consumer loans as Chinese regulators continue to tighten their control of online lending, Bloomberg reported. Some banks are planning to reduce their joint consumer loans with Ant, while at least one bank has already stopped working with Ant altogether, according to Bloomberg. Credit and loan services, which accounted...
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Exclusive Media/Telecom Facebook
New Facebook Storm Nears as CNN, Fox Business and Other Outlets Team Up on Whistleblower Docs
It’s not often that major news organizations coordinate to sift through a large trove of leaked company documents and agree not to publish stories about them until a certain date. But in the world of news related to Facebook, these are extraordinary times. Something similar happened in 2016 when the International Consortium of Investigative Journalists published financial leaks in an...
Google Employee: Ad Business is Like Goldman Sachs Owning New York Stock Exchange
Shoppers Can Now Buy Bitcoin at Walmart
Chinese Firms CATL, BYD Balk at Building Battery Plant in U.S. For Apple Car
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