The roots of contemporary law enforcement campaigns can be traced back to the revolutionary period of the Chinese Communist Party, which often needed to rely on mass movements.
Zhong Shanshan, chairman of Chinese bottled-water company Nongfu Spring, beat Warren Buffett, Larry Page and Steve Ballmer to become the sixth wealthiest person on earth.
Morphing back into a clearly defined financial services player and away from the fuzzy fintech giant operations won’t be too tough for Ant. The hard part is capital commitment.
Jack Ma hasn’t been seen in public since Chinese regulators torpedoed Ant’s $35 billion IPO, then tightened fintech regulations and launched an antitrust probe into Alibaba Group.
Similarities between Yukos debacle in Russia & China's crackdown on Alibaba are striking — 2 political systems led by strongmen with penchant for cutting hubristic entrepreneurs to size.
China did several things right during a turbulent year. However, underestimating the K-shaped rebound and muzzling billionaire critics weren't among them.
The operations that Ant is looking to fold into the holding company include wealth management services, consumer lending, insurance, payments and MYbank, an online lender.
In episode 649 of Cut the Clutter, Shekhar Gupta discussed the cancellation of Jack Ma's Ant Group IPO and the deification of Chinese president Xi Jinping.
Once hailed as the standard-bearers of China’s economic and technological ascendancy, Alibaba and its compatriots now face increasing pressure from regulators.
From holding joint military exercises to exporting wheat as Russia and Ukraine stop supplies, New Delhi and Cairo are redrawing their relationship as geopolitical tensions rise.
What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.