Chinese tycoon Jack Ma, others invest in $2.6b fintech with M&A plans

Chinese tycoon Jack Ma, others invest in $2.6b fintech with M&A plans

Photographer: Qilai Shen/Bloomberg

Activist investor Dan Loeb, Chinese tycoon Jack Ma and Silver Lake joined forces to bet on the business of luxury shoppers’ tax refunds, and on the future of travelers splurging when abroad.

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