Tuesday, December 28, 2021

Ant Group will close Xianghubao, a crowdfunding service for medical bills, on January 28, as China cracks down on fintech businesses (Bloomberg)

Bloomberg:
Ant Group will close Xianghubao, a crowdfunding service for medical bills, on January 28, as China cracks down on fintech businesses  —  - Program to be shuttered Jan. 28 and cost sharing has stopped  — Move follows similar closures by peers earlier in the year



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...