TikTok’s Chinese owner, ByteDance, has finalised a deal to establish a majority US-owned joint venture company to avoid a ban on the popular social media app used by more than 200 million Americans. The deal is a milestone for the short video app after years of battles that began in August 2020, when US President…
A frugal food-delivery worker in China who has saved 1.12 million yuan (US$160,000) over the past five years has won admiration online. Zhang Xueqiang, 25, came to Shanghai to take up the delivery job with a major platform in 2020. His move came after a breakfast shop operated by him and his friend in his…
A hotel guest in central China died after the staff held on to life-saving medicine for five hours without delivering it, sparking heated online debate over the hotel’s responsibility. The 51-year-old man, surnamed Hu, was found dead in his room at a Yeste Hotel in Wuhan, Hubei province, on November 20. Hu’s death confused his…
A draft of the “Anti-Monopoly Compliance Guidelines for Internet Platforms”, published over the weekend by the State Administration for Market Regulation (SAMR), focused heavily on the sophisticated, often opaque ways in which online platforms with significant market power can exploit technological advantages to exclude rivals and harm consumer interests. The document identified eight “new risks”,…
Eric Jackson thinks the dumb money isn’t so dumb anymore. The founder of EMJ Capital, Jackson is known for his contrarian takes on struggling stocks that he sees as turnaround stories. He correctly pegged ailing used car seller Carvana as a winner in 2022 and kicked off the surge in Opendoor Technologies that turned it…
Shortly before 6 p.m. Tuesday, phones across Los Angeles County lighted up with an emergency alert test, the latest example of challenges that cities are experiencing with wireless emergency alert systems. It wasn’t immediately clear how many people received the test alert from South Pasadena, which read, “This is a test of the South Pasadena…
“What happened to Elon Musk’s America Party? It’s been a month and we’re still waiting.” – Indy100 The America Party was announced in the middle of a public breakup between Elon Musk and President Donald Trump. The two parted ways at the end of May. Musk criticized Trump’s signature tax cut and his “Big Beautiful…
Ed Elson, a 26-year-old research analyst and co-host of the Prof G Markets podcast, has heard plenty of stories about generations before him getting rich on stocks. His own co-host, New York University business school professor and entrepreneur Scott Galloway, who’s 60, invested $800,000 in both Apple and Amazon back in 2009. Today, those investments…
Linda Yaccarino is done cleaning up after Elon Musk. When she joined the platform formerly known as Twitter in June 2023, investors and ad industry professionals heralded her as a potential savior. The Madison Avenue veteran was tasked with turning around the platform’s ad business, which foundered when Elon Musk purchased the company then known as…
Linda Yaccarino, the chief executive of social media site X, said Wednesday that she’s stepping down from her role after two years at the company. “When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company,”…