A new generation of Chinese entrepreneurs, represented by a group of start-up founders known as the “Fantastic Four”, are reshaping the global technology landscape and helping China in its rivalry with the US. Liang Wenfeng, founder of Hangzhou-based artificial intelligence (AI) start-up DeepSeek, along with Wang Xingxing, Zhang Yiming and Wang Tao, the founders of…
Nicola Gunby, co-founder of Cliq. Nicola Gunby Nicola Gunby, a 30-year-old entrepreneur, longed for a community of friends when she moved to London after the pandemic, but was shocked to find herself isolated in one of the biggest cities in the world. Gunby, the co-founder of social and community networking app Cliq, hails from Nottingham…
China’s draft legislation to promote the private economy needs urgent refinements, including penalties for law-enforcement agencies overstepping their authority and infringing on the rights of businesses, a former State Council official has said. Former deputy director of the industry, commerce and trade research department Chen Yongjie pointed out that entrepreneurs felt that clauses in the…
Lui Che-woo, who rose from humble beginnings to become one of Asia’s biggest casino magnates, with a portfolio of hotels, resorts and property in Hong Kong and Macau, has died. He was 95. Lui, the chairman of the K. Wah Group of companies, passed away peacefully on November 7, according to separate filings to the…
Warren Buffett, chairman and CEO of Omaha, Nebraska-based holding company Berkshire Hathaway, is one of the world’s most well-known investors, with a net worth north of $145 billion. Image Credit: Eric Francis | Getty Images. Warren Buffett. However, like all successful investors, Buffett had to start somewhere. In his biography The Snowball: Warren Buffett and…
‘Shark Tank’ star Kevin O’Leary is enthusiastically backing Elon Musk’s plan to cut $2 trillion from federal spending—and in fact, he thinks the cuts should be even higher. If former president Donald Trump wins a second term, he has pledged to appoint Musk as head of a new Department of Government Efficiency that would enact…
Almost two years after Hong Kong began its big talent drive to attract graduates and top earners, the picture is less than rosy for many cleared to come to the city. In the first of a three-part series, Willa Wu finds out what new arrivals have experienced. Kira Xiong, a 23-year-old finance graduate with degrees…
Upgraded yet? With the iPhone 16s now out, it seems many couldn’t wait for Apple’s flagship product. Sales in China, the world’s biggest smartphone market, are up 20% in their first three weeks compared with 2023’s model, a report today estimated. In response, Wedbush Securities said a “monster” fourth quarter may mean Apple adds some…
Jeff Bezos and Elon Musk are two of the richest business leaders in the world, with respective net worths of $202.5 billion and $261 billion. But that’s not the only thing they have in common. The 60-year-old Amazon founder and 53-year-old Tesla CEO happen to be the oldest children in their families. Related: How Being…
Anthony Tan is the co-founder and CEO of Grab. Founded in 2012, the ride-hailing app has now grown into a “super app” that offers services in mobility, deliveries, and digital financial services. Grab is listed on the Nasdaq and has more than 35 million users across eight countries in Southeast Asia as of 2023. Anthony…