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China's Central Bank and Watchdogs Meet with Jack Ma and Ant Group Execs following Regulation Criticism

Ant Group founder Jack Ma and the firm’s top executives met with People’s Bank of China (PBoC) and three financial regulators on Monday as China published new draft rules for online micro-lending. The meeting with China’s central bank comes after Jack Ma—currently China’s second richest man and its wealthiest tech boss—spoke at the 2020 Bund … Continue reading China's Central Bank and Watchdogs Meet with Jack Ma and Ant Group Execs following Regulation Criticism

Jack Ma Pays Price: 2.1 Trillion Yuan Ant IPO for 21 Minutes Speech

According to the WSJ, China’s President Xi Jinping personally stopped Ant group’s record-breaking IPO allegedly angry with Jack Ma’s speech at a Shanghai Summit, where China’s second richest man openly criticized Beijing’s innovation stifling financial regulation. On Oct. 24, at the “Second Bund Financial Summit” organized by CF40, Jack Ma, in the title of co-chair of … Continue reading Jack Ma Pays Price: 2.1 Trillion Yuan Ant IPO for 21 Minutes Speech

Binance CEO Changpeng Zhao Named as the Richest Ethnic Chinese Person: Caijing Reports

Changpeng Zhao, the Chief Executive Officer of Binance cryptocurrency exchange, known on Twitter as ‘CZ’, has been tagged the richest ethnic Chinese person alive. This bold claim was made by local media outlet Caijing on Weibo. Despite the fact that the mainstream mainland media outfits refuse to report on these claims, various Chinese media have gained numerous … Continue reading Binance CEO Changpeng Zhao Named as the Richest Ethnic Chinese Person: Caijing Reports

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