Ant Group, an Alibaba subsidiary, announced plans for its long-awaited dual listing in Shanghai and Hong Kong on Monday. The company is known for running Alipay, one of China’s most popular mobile payment systems. But Ant Group has been expanding its reach in everything from wealth management to microcredit. And …
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Eric Jing, CEO of Ant Financial Bobby Yip | Reuters Chinese financial technology firm Ant Group has begun the process of a concurrent initial public offering in Shanghai and Hong Kong. Ant, a subsidiary of e-commerce giant Alibaba, said Monday it would list its shares on both the STAR of …
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MENLO PARK, California – Walt Disney Co. has “dramatically” cut its advertising budget on Facebook and Facebook-owned Instagram, according to a report published in the Wall Street Journal. It is the latest setback for the social network, which is facing a growing advertising boycott of its policies and actions on …
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OAKLAND, California – Twitter says the hack that compromised the accounts of some of its highest-profile users was targeted at 130 people. Hackers were able to reset the passwords for 45 of those accounts. The San Francisco-based company said in a blog post on Saturday that up to eight of …
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Twitter has disabled a campaign-style video retweeted by Donald Trump, citing a copyright complaint. The video, which included music by the Linkin Park group, disappeared from the president’s Twitter feed on Saturday night with the notification: “This media has been deactivated in response to a report by the copyright owner.” …
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