Tuesday, November 22, 2022

Sources: the People's Bank of China plans to fine Jack Ma's Ant Group more than $1B as soon as Q2 2023, potentially ending the company's two-year overhaul (Julie Zhu/Reuters)

Julie Zhu / Reuters:
Sources: the People's Bank of China plans to fine Jack Ma's Ant Group more than $1B as soon as Q2 2023, potentially ending the company's two-year overhaul  —  Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma's Ant Group, said six sources with direct knowledge of the matter …



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French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with participation from Blackstone, DST, and others (Yazhou Sun/Bloomberg)

Yazhou Sun / Bloomberg : French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with...