Chinese state-owned firms are set to take a stake in Ant Group’s new credit-scoring joint venture, in an expected move that is part of Beijing’s crackdown on the country’s biggest financial technology company, Reuters reported. Ant, a fintech affiliate of Alibaba, and state-owned Zhejiang Tourism Investment Group will each own 35% of the joint venture, while other state-backed firms will also...
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Can Livestream Shopping Cure the Holiday Gifting Blues?
Hi, welcome to the Weekend.It might seem against the holiday spirit to say so, but does anyone really love gift-shopping these days? Even pre-pandemic, it was a stress-inducing affair, loaded with decision fatigue, toy-of-the-year FOMO and ghosts of bad presents past.Into this consumerist minefield has stumbled a strange new entrant: livestream shopping. In this week’s issue, writer Janet...
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