Alibaba Chief Executive Daniel Zhang said the company is unable to assess the impact from the challenges facing its financial technology affiliate Ant Group, whose $37 billion initial public offering in November was suspended by the Chinese government. “Ant Group’s business prospects and IPO plans are subject to substantial uncertainties,” Zhang said during Alibaba’s conference call with...
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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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