Sunday, August 23, 2020

Jack Ma's Ant Group, which owns Alipay, had profits of around $3.5B in the six months to March, ahead of planned concurrent IPOs in HK and Shanghai (Stella Yifan Xie/Wall Street Journal)

Stella Yifan Xie / Wall Street Journal:
Jack Ma's Ant Group, which owns Alipay, had profits of around $3.5B in the six months to March, ahead of planned concurrent IPOs in HK and Shanghai  —  Results show how lucrative the Chinese financial-technology giant's business has been as it gears up for blockbuster offering



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A look at the secretive process Meta used to get an advantageous deal for its Hyperion data center in Louisiana, including tax breaks and lack of public input (New York Times)

New York Times : A look at the secretive process Meta used to get an advantageous deal for its Hyperion data center in Louisiana, includi...