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...
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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...
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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...
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