Jack Ma's Ant Group was the next big thing. Now it may become just a boring bank
CNN
Jack Ma's Ant Group quickly became one of China's most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day.
Now it appears to be turning into the kind of highly regulated Chinese bank that it hoped to supplant. Months after the company's blockbuster initial public offering was shelved at the last minute — a move that appears to have been sparked by Ma's criticism of Chinese regulators — several media outlets have reported that Ant has agreed with authorities to become a financial holding company.
Known for her blistering pace and powerful shots, the soccer player is having a Barbie made in her likeness as the toymaker names her as role model of the year.
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Next winter Burberry wants you out on the town, whatever the weather.
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