jackma
China’s biggest search engine’s head of public relations has said sorry for promoting a work-till-you-drop culture. In a series of videos posted on Douyin, the Chinese version of TikTok, Qu Jing from Baidu said she had no responsibility for employees’ well-being as she was “not your mother”. She also threatened revenge against underlings who complained about her management, adding: “I can make it impossible for you to find a job in this industry with just a short essay.” But Qu Jing has now admitted her now-deleted remarks had attracted “very pertinent” criticism. She added on WeChat: “I deepl...
BANG Showbiz English
Alibaba Group Holding Ltd (NYSE:BABA) co-founder Jack Ma is poised to give up control of Ant Group, a fintech firm that’s an affiliate of Alibaba. The move comes after Chinese regulators cracked down on Ant Group, thwarting its attempt at an initial public offering worth $37 billion in 2020 and forcing it into restructuring. Jack Ma To Cede Control Over Ant GroupCiting unnamed sources familiar with the matter, The Wall Street Journal was the first to report Ma’s plan to give up control over Ant Group as part of its move away from Alibaba. The billionaire tech boss owns only 10% of Ant. Q2 2022...
ValueWalk
RV Capital commentary for the second quarter ended July 30, 2021. Q2 2021 hedge fund letters, conferences and more Dear Co-Investors, The NAV of the Business Owner Fund was €994.14 as of 30 June 2021. The NAV increased 14.0% since the start of the year and 901.9% since inception on 30 September 2008. The compound annual growth rate since inception is 19.8%. Part 1: HumilityIt continually takes my breath away how differently things can turn out compared to what might reasonably be expected at the time. It is what makes investing endlessly fascinating but also incredibly hard. I was reminded of ...
ValueWalk
*CNBC Transcript: Alibaba Co\-Founder, Executive Vice Chairman & Brooklyn Nets owner Joe Tsai speaks with [CNBC](https://www.valuewalk.com/john-demers-and-michael-orlando-on-cybersecurity-risks/)’s “Squawk Box” today and discusses that Jack Ma is fine and is lying low\.* Q1 2021 hedge fund letters, conferences and more WHEN: Today, Tuesday, June 15, 2021 WHERE: CNBC’s “Squawk Box” – Live from Barclays Center in Brooklyn, NY Alibaba co-founder Joe Tsai: Jack Ma is fine and ‘lying low right now’All references must be sourced to CNBC. ANDREW ROSS SORKIN: Thanks Becky and I’m going get straight to...
ValueWalk
Chinese regulators are trying to be "more forward-looking" in the tech sector. That is according to Rui Ma, a China tech analyst and co-host of the podcast 'Tech Buzz China', who made the observation after Alibaba - Jack Ma's e-commerce giant - was fined as much as $2.8 billion by Chinese regulators. The industry expert told the BBC: "If you read the laws, Chinese regulators are trying to be more forward-looking and think ahead, in an attempt to regulate an industry that is moving so fast. "They are including the use of algorithms, not just market share. They are trying to understand the platf...
BANG Showbiz English
Jack Ma's Ant Group has been forced to restructure by authorities in China. The billionaire businessman is set to restructure the company so that the financial technology firm acts more like a bank going forwards. The move by the Chinese authorities forms part of a wider plan by the government to reign in the country's fast-growing tech companies. As part of the restructure, the Ant Group - China's biggest payments provider - will face stricter regulatory oversight. Ant has also agreed to create a personal credit reporting company, thereby preventing the abuse of data. Ma - the co-founder of b...
BANG Showbiz English
Alibaba founder Jack Ma has made his first public appearance since the Chinese government’s crackdown on the company started almost three months ago. In a live-streamed video, he spoke to rural teachers during an event he hosts annually. Another video of the event showed him touring a primary school in Hangzhou, his hometown. Q4 2020 hedge fund letters, conferences and more Alibaba founder Jack Ma makes public appearanceJack Ma has stayed out of sight since Beijing started cracking down on Alibaba and Ant Group. He hasn't been seen in public since Chinese regulators halted Ant Group's initial ...
ValueWalk
Whitney Tilson’s email to investors discussing Jack Ma suspected to be missing; 2020 in 12 stunning charts; Enrique Abeyta‘s bullish outlook; great news quiz of 2020. Q3 2020 hedge fund letters, conferences and more Jack Ma Suspected To Be Missing1) Wow, what a reminder about the type of government we're dealing with in China... Jack Ma Suspected to Be Missing - CNBC TV18. Excerpt: Mystery has deepened about the whereabouts of Chinese billionaire Jack Ma following reports that the Alibaba founder has not made any public appearance in the last two months... The entire episode is further intrigu...
ValueWalk
Whitney Tilson’s email to investors discussing gun sales likely to remain high; China‘s President Xi Jinping personally halted Jack Ma’s Ant Group IPO.Q3 2020 hedge fund letters, conferences and moreGun Sales Likely To Remain High1) Though we thankfully haven't seen any meaningful election-related unrest, as many feared we might, one sector likely to benefit from the Joe Biden win that Enrique, Berna, and I predicted in our September 23 webinar is gun makers like Smith & Wesson Brands (SWBI).At first glance, it may appear counterintuitive – gun sales are inversely correlated to the perceived g...
ValueWalk
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