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China’s Ant Group Mulling Creation Of New Consumer Loan Unit

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Ant was co-founded by billionaire Jack Ma, who also co-founded eCommerce giant Alibaba. While it is still unclear to what degree the Chinese government will try to control Ant’s booming loan business, the company will likely have to meet higher capital requirements, even with a restructuring of its consumer loan business.

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Uber’s Rough Ride Of A Week

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At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. billion in funding. drivers’ license numbers.