Jack Ma to give up control of fintech giant Ant Group: WSJ

China’s billionaire tech boss Jack Ma plans to cede control of Ant Group, the fintech powerhouse closely affiliated with Alibaba, the e-commerce giant he founded, The Wall Street Journal reported on Thursday.

If materialized, the move will mark another important turn in Ant’s ongoing restructuring and power reshuffling since China called off its $35 billion initial public offering nearly two years ago.

Ant Group cannot be immediately reached for comment.

More to come…

Daily Crunch: China presents ‘rectification’ plan for Ant Group

Credit belongs to : www.techcrunch.com

Daily Crunch: WhatsApp’s new discussion groups offer end-to-end encryption and support up to 1,024 users

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: WhatsApp’s new discussion groups offer end-to-end encryption and support up to 1,024 users by Christine Hall originally published on TechCrunch

Rocket Lab will attempt to catch an Electron rocket booster with a helicopter again

Rocket Lab is gearing up for a second attempt to catch a rocket booster mid-air using a helicopter, a technique the company is hoping to perfect after a partially successful recovery earlier this year. The mission, playfully dubbed “Catch Me If You Can,” is scheduled to take place no earlier than November 4 from the […]

Rocket Lab will attempt to catch an Electron rocket booster with a helicopter again by Aria Alamalhodaei originally published on TechCrunch

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Jack Ma to give up control of fintech giant Ant Group: WSJ

Daily Crunch: WhatsApp’s new discussion groups offer end-to-end encryption and support up to 1,024 users

Rocket Lab will attempt to catch an Electron rocket booster with a helicopter again

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