Jack Ma will give up control of Ant Group, the massive online financial services giant whose $35 billion initial public offering was killed in the last minute by the Chinese government. The Wall Street Journal reported that Ma, who effectively controls about half of Ant, will give up some of his voting rights, possibly transferring them to Chief Executive Eric Jing and other executives, giving...
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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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