Policy Asia

China’s State Firms to Invest in Ant Group’s Credit-Scoring Venture

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?
Images of live-shopping app NTWRK. Illustration by Mike Sullivan. Photo courtesy of NTWRK.
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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