Asia

Ant Group’s Loans Highlight Risks in China’s Financial System

Ant Group, whose $37 billion initial public offering was suspended last month, has come under scrutiny from regulators in part because a significant portion of the funds for the company’s consumer loans come from small financial institutions such as city and rural commercial banks, the Wall Street Journal reported. The rapid growth of Ant’s consumer lending business likely fueled Chinese...

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Reality Check Apple AR/VR
A Curious Apple AR/VR Job Listing; Fortnite’s Engine Switch
The newly revampe main island environment in Fortnite. Credit: Epic Games
A new job listing for a role in Apple’s AR/VR division suggests that Apple wants to rethink or potentially streamline the way that apps are made for its future headworn devices. It could also suggest that Apple is exploring a move beyond the App Store model that has brought it both success and waves of criticism on mobile.The listing in question, which went live on Monday, is for an AR/VR...
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Photograph by Dave Zahrobsky. Art by Haejin Park.
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