CHINA’S Ant Group said on Saturday (Jan 7) that its founder Jack Ma will no longer control the Chinese fintech giant after the firm’s shareholders agreed to implement a series of shareholding adjustments that will see him give up most of his voting rights.
ANT Group’s founder Jack Ma will no longer control the Chinese fintech giant after the firm’s shareholders agreed to implement a series of adjustments that will see him give up most of his voting rights, the group said on Saturday (Jan 7).
SAM Bankman-Fried is trying to persuade a US court that he should be able to access Robinhood shares worth around US$450 million to help pay for his legal fees.
NORWAY’S US$1.3 trillion sovereign wealth fund has recommended that the country should consider investing in unlisted equities in the longer term to boost returns.
CRYPTOCURRENCY conglomerate Digital Currency Group (DCG) has closed its wealth-management division, known as HQ, in the latest sign of trouble amid a deep and prolonged slump in the crypto industry.
SINGAPORE’S main crypto lobby group has pushed back on the central bank’s proposals to bar crypto firms from lending out retail customers’ digital tokens, saying such a measure is “overly restrictive.”
CHINESE banks are among a handful of lenders finalizing a deal to buy around 600 million euros (US$631 million) of the debt backing the merger of Orange and Masmovil Ibercom SA’s Spanish divisions, one of Europe’s largest leveraged finance deals.
STANDARD Chartered’s Bill Winters wanted to mark the start of 2023 “with a little kindness”, he said on LinkedIn, but instead finds himself in the middle of a fresh debate about the emerging-market lender’s future.
THREE Arrows Capital co-founders Su Zhu and Kyle Davies have received formal demands for information related to the downfall of their crypto hedge fund in an unorthodox forum: Twitter.
