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Published 2 months ago

Dwindling Crypto Funds At Alibaba's Ant Group Jolts Tech Giant To Ditch A&T Capital - Alibaba Gr Holding (NYSE:BABA)

Summary by Benzinga
Ant Group, a Jack Ma-founded affiliate company of Chinese tech giant Alibaba (NASDAQ: BABA), is withdrawing its investment from crypto-focused A&T Capital. A&T Capital was formed in 2021 with the majority of backing, roughly $100 million, from Ant Group. The company’s focus was to invest in budding crypto startups, like it did in digital-asset lender Matrixport and Ethereum software developer ConsenSys. With the latest resignation of founding pa…
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Dwindling Crypto Funds At Alibaba's Ant Group Jolts Tech Giant To Ditch A&T Capital - Alibaba Gr Holding (NYSE:BABA)

Ant Group, a Jack Ma-founded affiliate company of Chinese tech giant Alibaba (NASDAQ: BABA), is withdrawing its investment from crypto-focused A&T Capital. A&T Capital was formed in 2021 with the majority of backing, roughly $100 million, from Ant Group. The company’s focus was to invest in budding crypto startups, like it did in digital-asset lender Matrixport and Ethereum software developer ConsenSys. With the latest resignation of founding pa…

2 months ago·New York, United States
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