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China Roundup: Amid coronavirus, tech firms offer ways to maintain China’s lifeblood

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The coronavirus outbreak is posing a devastating impact on people’s life and the economy in China, but there’s a silver lining that the epidemic might have benefited a few players in the technology industry as the population remains indoors. The SARS (severe acute respiratory syndrome) virus that infected thousands and killed hu...
Tags: TC, Asia, China, Digital, Tech, Shanghai, Alibaba, Tencent, WeChat, Facial Recognition, Jack Ma, Shenzhen, Taobao, Chinese New Year, Hubei, Lark


From Elon Musk to Tim Cook, here's where the world's most influential tech founders and CEOs went to college — and what they studied

College is where many figure out what they're actually interested in and determine the career they want to pursue. We researched the degrees and schools attended by well-known tech CEOs, many of whom launched their companies or landed on the idea for their first startup while studying at college. Here's where 52 CEOs and founders in the tech industry went to school, and what they studied. Visit Business Insider's homepage for more stories. For new college students, choosing a major can feel l...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Europe, Elon Musk, Cook, Sweden, Maryland, Microsoft, Yahoo, Mba, Stanford, India, Satya Nadella, Trends


Warren Buffett, Bill Gates, and the rabbit-duck illusion: SoftBank's CEO used the famous image to rebrand as an investor

SoftBank CEO Masayoshi Son wants the Japanese conglomerate to be seen as an investment company, not an operating one. Son used the rabbit-duck illusion to make his case during SoftBank's earnings presentation on Wednesday. He urged investors to look at SoftBank's "shareholder value," not its revenues and profits. Asked if he had turned from Bill Gates into Warren Buffett, Son replied that he was more adventurous than Buffett and "still making some craziness." Visit Business Insider's homepage ...
Tags: Facebook, Softbank, Trends, Netflix, Sprint, Bill Gates, Alibaba, Berkshire Hathaway, Warren Buffett, Son, Jack Ma, Buffett, EBIT, Masayoshi Son, Warren Buffett Bill Gates, Warren Buffett Son


Warren Buffett, Bill Gates, and the rabbit-duck illusion: SoftBank's CEO used the famous image to rebrand as an investor

SoftBank CEO Masayoshi Son wants the Japanese conglomerate to be seen as an investment company, not an operating one. Son used the rabbit-duck illusion to make his case during SoftBank's earnings presentation on Wednesday. He urged investors to look at SoftBank's "shareholder value," not its revenues and profits. Asked if he had turned from Bill Gates into Warren Buffett, Son replied that he was more adventurous than Buffett and "still making some craziness." Visit Business Insider's homepage ...
Tags: Facebook, Softbank, Trends, Netflix, Sprint, Bill Gates, Alibaba, Berkshire Hathaway, Warren Buffett, Son, Jack Ma, Buffett, EBIT, Masayoshi Son, Warren Buffett Bill Gates, Warren Buffett Son


The rise and fall of Elizabeth Holmes, who started Theranos when she was 19 and will now stand trial over 'massive fraud' in July 2020

Elizabeth Holmes dropped out of Stanford University at 19 to start blood-testing startup Theranos, and grew the company to a valuation of $9 billion. But it all came crashing down when the shortcomings and inaccuracies of the company's technology were exposed, and Theranos and Holmes were charged with "massive fraud." A California judge has set a August 2020 start date for the federal fraud trial for which, if convicted, Holmes could face up to 20 years in prison. Visit Business Insider's ho...
Tags: Apple, Hbo, Instagram, Abc, California, Washington, Cbs News, Stanford, Singapore, US, San Francisco, Trends, Walgreens, Beijing, Larry Ellison, Bill Clinton


Alibaba billionaire Jack Ma, China's richest man, pledged $14.5 million to fight the coronavirus

Tech billionaire Jack Ma has pledged $14.5 million towards fighting the coronavirus outbreak. The Alibaba founder will donate 100 million yuan ($14.5 million) through his charitable foundation. Bill and Melinda Gates have also pledged assistance, while Tencent and TikTok owner ByteDance are among the Chinese firms to be helping. The coronavirus emerged in the central Chinese city of Wuhan and has since spread to at least 15 countries, as well as every region of mainland China. Visit Business I...
Tags: China, Africa, US, Trends, Tech, Alibaba, Tencent, Bill, Baidu, Melinda Gates, Jack Ma, Wuhan, Ma, Wuhan China, Bytedance, Jack Ma China


Jack Ma Donates $14 Million For Coronavirus Vaccine, Like Average U.S. Family Donating $33

Tech billionaire Jack Ma has donated $14.5 million to help develop a vaccine for the new coronavirus that has killed at least 170 people and sickened over 7,700. Ma is China’s wealthiest person with an estimated $41.8 billion, which means that his donation is roughly equivalent to the average American household…Read more...
Tags: Amazon, Science, China, Charity, Billionaires, Alibaba, Outbreak, Jeff Bezos, Eat The Rich, Jack Ma, Wuhan, Lunar New Year, 2019 Ncov, Wuhan Virus, Coronavirus


Jack Ma donates $14 million to develop coronavirus vaccine

Jack Ma, Alibaba founder and China's richest man, has donated 100 million yuan ($14.4 million) through his foundation to help find a vaccine for the Wuhan coronavirus.
Tags: China, Cnn, Jack Ma, Wuhan, Jack Ma Alibaba


Jack Ma donates $14 million to develop vaccine

Jack Ma, Alibaba founder and China's richest man, has donated 100 million yuan ($14.4 million) through his foundation to help find a vaccine for the Wuhan coronavirus.
Tags: News, China, Stories, Jack Ma, Wuhan, Jack Ma Alibaba


The Future of AI: What Jack Ma and Elon Musk Are Missing

THERE IS LITTLE DOUBT that we underestimate the power of Artificial Intelligence. AI is quickly becoming a force in nearly every facet of human life. Serial Entrepreneur and Billionaire Elon Musk warns that AI will become much smarter than the smartest human. In a forum at the World Artificial Intelligence Conference held in China, on August 29, 2019, Elon Musk and Jack Ma exchanged differing views of the nature of AI. “There’s just a smaller and smaller corner of intellectual pursuits that hum...
Tags: Facebook, Elon Musk, Leadership, Instagram, China, Samsung, Jack Ma, Ma, Creativity & Innovation, Billionaire Elon Musk, Musk Alibaba Group


Paytm targets merchants to fight back Google and Walmart in India’s crowded payments field

Paytm today announced two new features for businesses as the financial services firm looks to expand its reach in the nation that has quickly become one of the world’s most crowded and competitive payments markets. The Noida-headquartered firm, which raised $1 billion in late November, said its app for businesses now features an “all-in-one” QR code system to accept payments from multiple platforms, including mobile wallets (that act as an intermediary between a user and their bank but provid...
Tags: Google, Amazon, Android, TC, Japan, India, Softbank, Tech, Walmart, Credit Suisse, Alibaba, Tencent, Payments, Sequoia Capital, Jack Ma, UPI


China Roundup: TikTok receives most government requests from India and US

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, TikTok, currently the world’s hottest social media app, welcomed the new decade by publishing its first transparency report as it encounters rising scrutiny from regulators around the world. TikTok tries to demystify  The report, which arrived weeks after it tapped a group of corporate lawyers to review its conte...
Tags: TC, Facebook, Asia, Japan, China, India, US, Tech, E-commerce, Beijing, United States, Alibaba, Tencent, Jack Ma, Taobao, U.s. Government


China’s Tech Industry Straps in for More Turbulence After a Wild 2019

(Bloomberg) -- China’s tech industry enters a new year after weathering unprecedented turbulence in 2019, when giants emerged in social media and artificial intelligence only to bear the brunt of Washington’s campaign to contain the world’s No. 2 economy. There’s little reason to think 2020 will be much different given U.S. efforts to hobble Chinese champions from Huawei Technologies Co. to SenseTime Group Ltd. deemed a threat to national security.American lawmakers went after some of the countr...
Tags: Apple, Google, Mark Zuckerberg, Asia, Hong Kong, News, Washington, China, Russia, Southeast Asia, India, Africa, Taiwan, Beijing, Shanghai, Alibaba


Jumia, DHL, and Alibaba will face off in African ecommerce 2.0

The business of selling consumer goods and services online is a relatively young endeavor across Africa, but ecommerce is set to boom. Over the last eight years, the sector has seen its first phase of big VC fundings, startup duels and attrition. To date, scaling e-commerce in Africa has straddled the line of challenge and opportunity, perhaps more than any other market in the world. Across major African economies, many of the requisites for online retail — internet access, digital payment ado...
Tags: Amazon, Startups, TC, Ecommerce, Internet, Ebay, Nigeria, Africa, Economy, Designer, UPS, Online Shopping, South Africa, Alibaba, West Africa, Goldman Sachs


Jumia, DHL and Alibaba will face off in African e-commerce 2.0

The business of selling consumer goods and services online is a relatively young endeavor across Africa, but e-commerce is set to boom. Over the last eight years, the sector has seen its first phase of big VC fundings, startup duels and attrition. To date, scaling e-commerce in Africa has straddled the line of challenge and opportunity, perhaps more than any other market in the world. Across major African economies, many of the requisites for online retail — internet access, digital payment ad...
Tags: Amazon, TC, Ecommerce, Internet, Ebay, Nigeria, Africa, Tech, Economy, Designer, UPS, Online Shopping, South Africa, Alibaba, West Africa, Goldman Sachs


SoftBank is all over the biggest real-estate tech funding rounds of 2019

CREtech, an advocacy and research group in the real estate tech industry, provided Business Insider with a list of the ten largest deals of the year. CREtech estimated a total of $31.6 billion in funding for real-estate tech as a sector in 2019.  Four of the companies on the list and three out of the top four funding rounds are based in Asia. Three of those companies are based in China, a testament to the country's burgeoning real-estate tech scene.  Four of the largest funding rounds came fro...
Tags: Asia, Hong Kong, New York, China, Softbank, Africa, US, Trends, Alibaba, Tencent, Rio De Janeiro, Dell, WeWork, Sequoia Capital, Jack Ma, Kuwait


China Roundup: Ant Financial’s new boss and Tencent’s army of new apps

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, we are looking at what Ant Financial’s executive shakeup could give to Alibaba’s financial affiliate and why Tencent has gone on an app-launching spree. Return of the old boss This week, Ant Financial, the online financial services company, 33% of which is owned by Alibaba and controlled by Jack Ma, announced Hu ...
Tags: TC, Asia, China, Tech, Beijing, Shanghai, Alibaba, Tencent, WeChat, Nvidia, Alibaba Group, Ant Financial, Gpu, Jack Ma, Amazon Web Services, Alicloud


SoftBank's clone-like startup founders, and Satya Nadella's answer to the Bezos leadership principles

Hello, Welcome back to Trending, the newsletter where we highlight BI Prime's biggest tech stories of the week. I'm Alexei Oreskovic, Business Insider's West Coast bureau chief and global tech editor. If this is your first time reading Trending, here's how you can get it in your inbox every week. This week: When it comes to startup founders, Masa's got a "type" VCs like to talk a lot about "pattern recognition," the uncanny ability to notice when startups and entrepreneurs have the right comb...
Tags: Google, Amazon, Microsoft, Softbank, Satya Nadella, Trends, Intel, Alibaba, Aws, Silicon Valley, WeWork, Jeff Bezos, West Coast, BI, Snowflake, Jack Ma


SoftBank's Masayoshi Son has a 'type' and the founders he bets on look a lot like Adam Neumann

SoftBank's $100 billion Vision Fund has made huge investments in startups like WeWork,, Zume, and Fair. For all the differences in industry and business models, several of these Silicon Valley startups share the common thread of eccentric founders with outsized personalities and unorthodox management styles.  Like WeWork's Adam Neumann, some of these founders are great "storytellers," capable of inspiring employees to go all in on noble missions. The founder similarities raise questions about ...
Tags: Garden, Japan, California, Softbank, Trends, CMO, New York Times, Portugal, Alibaba, Silicon Valley, WeWork, Son, Jack Ma, Financial Times, SoFi, Yoda


Floyd Mayweather Says He Is ‘Coming Out Of Retirement In 2020’ After UFC Talks

(CNN) — Former world champion boxer Floyd Mayweather says he is “coming out of retirement in 2020.” The 42-year-old made the announcement on his Instagram account on Friday, and also said he is working with UFC boss Dana White to “bring the world another spectacular event.” Mayweather, who was undefeated in his career with a record of 50-0, is considered one of boxing’s all-time greats. He came out of retirement in 2017 for his last professional boxing fight against UFC star Conor McGregor. Afte...
Tags: Japan, Instagram, Sports, Alibaba, Boxing, Manny Pacquiao, Ufc, Floyd Mayweather, Jack Ma, Conor Mcgregor, McGregor, Pacquiao, Dana White, Mayweather, Floyd Mayweather Jr, Leonard Ellerbe


5 Keys To A Strong And Differentiated Culture

Sometimes, I find entrepreneurs are more interested in corporate culture than branding, until I tell them it’s the same. Then, they become motivated to bring branding in at an earlier stage. While most people who are not in the business of branding assume that branding is closely tied to marketing, the truth is that the company culture is basically the same as the brand. Or at least, company culture is a very close application of the brand fundamentals. Here are five fundamental insights to h...
Tags: Jack Ma, Branding, Simon Sinek, Brand Culture, Kogan, Brand Research Brand Strategy Brand Licensing, Thomas Gad, Contri, Kai D Wright


The world's richest tech billionaires all saw massive gains in 2019 — except Amazon founder Jeff Bezos

Most of the world's richest tech billionaires have become richer in 2019 so far, with one notable exception. Amazon CEO Jeff Bezos has lost a chunk of his net worth in 2019, and nearly lost his spot as world's richest person to Microsoft founder Bill Gates thanks to a dip in Amazon's share price. Most of the decline in his net worth is down to his costly divorce from MacKenzie Bezos. Business Insider used Bloomberg's Billionaires Index to rank the world's 20 richest tech billionaires and lis...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Hong Kong, Europe, Elon Musk, Microsoft, China, US, Trends, Tesla, Bloomberg, Larry Page, West, Bill Gates


Former Alibaba Chairman Jack Ma Challenges Floyd Mayweather To Fight In Online Video

Topline: China's richest man is barely a month into retirement, but Alibaba founder Jack Ma has already found new hobbies to fill up his time— like challenging boxing legend Floyd Mayweather to a match, flanked by new friend Manny Pacquiao.  In a video posted on Pacquiao's Twitter and Instagram pages, Ma is seen sparring with Pacquiao as the pair challenge Mayweather to box them. "Floyd Mayweather, if you want a real fight, fight me. If you want an exhibition, my guy, my friend, Jack M...
Tags: News, Instagram, China, Alibaba, Manny Pacquiao, Floyd Mayweather, Jack Ma, Pacquiao, Ma, Manny, Mayweather, Money Team Pacquiao


With Manny Pacquiao's help, Alibaba founder Jack Ma challenges Floyd Mayweather to a fight

China's richest man says he's ready to take on The Money Team.
Tags: China, Cnn, Alibaba, Manny Pacquiao, Floyd Mayweather, Jack Ma


Apple CEO Tim Cook took a chairman position at one of China's top business schools

Apple CEO Tim Cook has been appointed chairman of the advisory board for Tsinghua University's economics school in Beijing, the school announced. According to the university, Cook was elected to a three-year post, starting immediately. Cook was present at the university board meeting where his appointment was confirmed. Cook isn't the first Silicon Valley CEO to join the economics school's board. Mark Zuckerberg, Elon Musk, and Satya Nadella are all listed as board members too. Cook has come ...
Tags: Apple, Facebook, Mark Zuckerberg, Hong Kong, Cook, Microsoft, Steve Jobs, China, India, Satya Nadella, Trends, Beijing, Tim Cook, Alibaba, Marco Rubio, Silicon Valley


Hong Kong Protesters Rage Against Corporate China's Growing Control

(Bloomberg) -- The black-clad protesters pushing back against China’s influence in Hong Kong aren’t just focusing on Carrie Lam and the police. They’re also targeting mainland-based brands such as Bank of China Ltd., China Mobile Ltd. and Huawei Technologies Co. with fire bombs, metal bars and spray paint.A walk down the primary route used by Hong Kong’s anti-government marchers shows how big a chunk of the city China owns. Mainland-affiliated supermarkets, drugstores, hotels, Pacific Coffee sto...
Tags: Hong Kong, News, China, Bloomberg, Beijing, Xi Jinping, Xiaomi, Chinese communist party, Starbucks, Causeway Bay, Lenovo, Huawei, Jack Ma, Mainland, Communist Party, China Mobile


My Best Book Recommendations

Over the years, I’ve read hundreds of books and recommended more than a few on this blog. Below, I’ve organized the best books I’ve read. If you’re looking to expand your library with something great, these are some of my favorites. My 5 Favorite Books Below I’ve lumped books into specific categories. However, these five books have impacted me the most: Getting Things Done. The best book on personal productivity, it inspired me as it has countless others with a systematic approach to gettin...
Tags: Amazon, General, China, Poland, Albert Einstein, Lifehacks, Benjamin Franklin, Marie Curie, Jack Ma, Steven Pinker, Van Gogh, Communist Party, James Clear, Everett, Cal Newport, Clark


The biggest game company in the world isn't Nintendo — it's a Chinese company that has a piece of everything from 'Fortnite' to 'League of Legends'

The world's biggest game company isn't Nintendo, and it isn't Microsoft or Sony either — it's a Chinese company named Tencent. Tencent is a Chinese conglomerate that has major holdings in tech, film, music, and gaming. Despite being a relatively unknown name among gamers, Tencent has major stakes in some of the world's biggest games: "League of Legends," "Fortnite," and "Call of Duty," among others. Visit Business Insider's homepage for more stories. In the world of film, Disney is the reigni...
Tags: Microsoft, China, Disney, Los Angeles, Trends, EA, Sony, Tencent, Nintendo, Mario, Call Of Duty, Ubisoft, North Carolina, Jack Ma, Epic Games, Activision


The 6 Core Values Driving Alibaba’s Success

“Money and wealth are two different concepts. If you have money, but have not turned this money into an experience to elevate your own or other people’s level of happiness, then you may very well only possess a lot of symbols and a mountain of very colourful pieces of paper.” ~ Jack Ma, Founder and Chief Executive of Alibaba When Jack Ma founded Alibaba in his kitchen, he had to pool his money together with 17 colleagues because no bank would lend them money. Today, the Alibaba Group is a glo...
Tags: Alibaba, Alibaba Group, Jack Ma, Branding, Brand Management, Kogan, Brand Research Brand Strategy Brand Licensing, Jack Ma Founder, Thomas Gad, Contri, Teamwork Alibaba, Integrity Trust, Commitment Alibaba


Survey: China’s rich got richer in 2019 despite tariff war

BEIJING (AP) — China’s richest businesspeople got richer in 2019 despite a tariff war with Washington and an economic slowdown, a survey showed Thursday. The average net worth of China’s richest 1,800 people rose 10% over 2018 to $1.4 billion, according to the Hurun Report, which tracks the country’s wealthy. Jack Ma, who retired last […]
Tags: Business, News, Washington, China, Beijing, Nation, Jack Ma, Nation & World