Digital financial services giant Ant Group is on the cusp of pulling off the world’s biggest initial public offering and could be worth over US$500 billion (S$681 billion) in the near future, riding on the digitisation of financial services in the world’s second-largest economy. Hangzhou-headquartered Ant’s coming out parade illustrates China’s lead in digital finance. Its super-slick mobile payment app, Alipay, has over 1 billion users, making it the world’s most popular app outside social-media networks. Ant’s payments network is just the gateway, funnelling small businesses and consumers into a broad financial ecosystem spanning lending, investment and insurance services. The world’s most valuable privately owned company is also developing services to make daily life easier. Consumers can click on the Alipay app for services ranging from food deliveries to garbage collection. The system’s cogs are oiled by a trove of data gathered in China, the world’s most populous … [Read more...] about What is Jack Ma’s Ant Group and how does it make money?
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Rubber industry needs to develop production chain Rubber latex of Quang Tri Rubber Co Ltd. Viet Nam's rubber industry needs to develop its production chain to meet the increasing demands of export markets. Viet Nam's rubber industry needs to develop its production chain to meet the increasing demands of export markets, especially fastidious markets such as Europe and the US, according to experts. To Xuan Phuc, an expert of Forest Trends said Viet Nam's export of processed rubber has been increasing to many countries. However, Viet Nam's export rubber products must meet many requirements on the export market, including legal issues. At present, Viet Nam has exported latex and refined rubber products to 175 countries and this figure is continuing to expand. Viet Nam's largest export market for rubber products was the United States, reaching about US$1 billion in 2020, with a market share of 33.2 per cent, followed by Japan, China, South Korea and Germany. … [Read more...] about VIETNAM BUSINESS NEWS MAY 5
Patrisse Cullors, the co-founder and executive director of Black Lives Matter’s national arm, has funneled business to a company led by a man she identified as the father of her only child, a Daily Caller News Foundation review of business records, interviews and social media posts found. The company, Trap Heals, was formed just days before partnering with Black Lives Matter Global Network Foundation and later became the charity’s “lead developer of the art & cultural efforts,” according to business records, interviews and an archived version of Trap Heals’ website. Two other activist groups Cullors led paid Trap Heals a collective $238,000 to produce an election night livestream and for consulting services, campaign finance records show. In numerous public mentions of their work, Cullors and Turner did not disclose that they had a child together. But in at least one instance , Turner said Cullors was directly involved in Trap Heals’ partnership with BLM Global Network. … [Read more...] about BLM Co-Founder Patrisse Cullors Has Funneled Business To Company Run By Father Of Her Only Child, Records Show