Allianz Fires Fund Managers After Multibillion-Dollar Blowup

Bloomberg

Ant-Backed Fintech Startup Buys E-Wallet Firm in Push Toward IPO

(Bloomberg) — M-DAQ, a fintech startup backed by Jack Ma’s Ant Group Co., agreed to buy e-wallet operator Wallex to expand its reach in Southeast Asia and pave the way for a possible public listing.Most Read from BloombergPutin Orders Forces to Go Into Separatist Areas: Ukraine UpdateKremlin Cautious on Prospect of Biden-Putin Summit Amid TensionsStocks Retreat, Ruble Weakens on Ukraine Tension: Markets WrapPonzi Schemer Bernie Madoff’s Sister, Husband Found DeadTrump Holds Onto Piles of Cash,