Bloomberg estimates that Jack Ma’s humbled online financial services platform, Ant Group, which has been forced to restructure after regulators killed its IPO last year, could be worth only $29 billion – far less than the $320 billion it had been estimated to be worth if it had gone public. That estimate is based on Ant Group, the financial affiliate of e-commerce giant Alibaba, being valued...
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The Weekend startups culture
The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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