Saturday, December 30, 2023

People's Bank of China lists Ant Group's Alipay as having no controller, as Ant finished removing controlling stakeholders almost a year after Jack Ma's promise (Bloomberg)

Bloomberg:
People's Bank of China lists Ant Group's Alipay as having no controller, as Ant finished removing controlling stakeholders almost a year after Jack Ma's promise  —  The bank now lists Ant's Alipay as a firm without an actual controller.  —  Ma, co-founder of Alibaba Group Holding Ltd. …



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Baidu VP Qu Jing posted several videos on Douyin demeaning staff, intended to promote Baidu, that reignited criticism of Chinese tech companies' work culture (Financial Times)

Financial Times : Baidu VP Qu Jing posted several videos on Douyin demeaning staff, intended to promote Baidu, that reignited criticism o...