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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‘We Just Have to Keep Winning’: A Sonos Executive With a Colorful History Goes to War Against Google

A few months into his job as chief legal officer of Sonos, Eddie Lazarus was ready to wage war. When Lazarus joined the audio hardware company in late 2018, it was facing growing competition from tech giants like Amazon and Google. Both companies were selling cheap speakers capable of multiroom audio playback, a feature Sonos had pioneered on its devices more than a decade earlier. Sonos...
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