Jack Ma’s life after Alibaba takes him to a fish farm in Fiji and beyond

He was the boss of a tech giant. Now he studies fish and rice. Jack Ma, the founder of Alibaba Group Holding, appeared to have fallen out of favor with China’s leadership after a 2020 speech in which he criticized financial regulations. Ltd. has generally kept a low profile. The 58-year-old multi-billionaire, who resigned as … Read more

Alibaba is divided into six groups and explores IPOs unlike the Jack Ma era

Chinese e-commerce giant Alibaba Group Holding Ltd. BABA 13.24% said it plans to split itself into six independently run companies that could seek separate IPOs, effectively breaking up the business empire that charismatic entrepreneur Jack Ma built over two decades, just as Tycoon re-emerged in China. The reorganization of one of China’s biggest private companies, … Read more

“Succession” Season 4 Premiere Draws 2.3 Million Viewers, Show Record

Sunday night’s premiere of the fourth and final season of HBO’s “Succession” drew 2.3 million viewers across television and streaming platforms, a new series high, the network said. Sunday’s premiere episode was the highest ever for “Succession,” surpassing the 1.7 million viewers who watched the season three finale in 2021. It was also 62% higher … Read more

Apple Pay Later will be released in the United States

On Tuesday, Apple introduced Apple Pay Later, which allows users to split their purchases into four payments over six weeks. Apple Pay Later users can manage, track and repay their loans in their Apple Wallet, the company said in a press release on Tuesday. Individuals can apply for Apple Pay Later credits ranging from $50 … Read more

Disney is eliminating its Metaverse division as part of the company’s layoff plan

Mickey Mouse has left a metaverse. Walt Disney C/o. DIS 1.64% has eliminated its next-generation storytelling and consumer experience unit, a small division that developed metaversal strategies, according to people familiar with the situation, as part of a broader restructuring that is expected to reduce staffing by about 7,000 people across the company. the next … Read more

Israel’s Netanyahu suspends judicial reform plan as protests intensify

TEL AVIV – Israeli Prime Minister Benjamin Netanyahu on Monday suspended a controversial justice reform plan that has sharply divided the country. The move appeared to calm tensions after anti-government protests and strikes rocked the nation. Opposition leaders welcomed the announcement and said they were ready to negotiate, and the country’s largest union called off … Read more

Jack Ma, the founder of Alibaba, returns to China after a year’s break

Jack Ma, Alibaba Group Holding Ltd. The company’s billionaire co-founder has returned to mainland China after spending about a year abroad, according to people familiar with the matter. Mr. Ma’s travels have come under close scrutiny as China’s leadership seeks to regain the confidence of entrepreneurs after years of regulations and Covid-19 pandemic measures have … Read more

Pentagon Woos Silicon Valley to Join Arms Makers

The Pentagon is looking to get Silicon Valley startups to fund and develop new weapons technology and more nimble suppliers as the United States tries to keep pace with China’s military advances. The push to tap private capital comes amid concerns that the concentration of the U.S. defense industry has led to a reliance on … Read more

Thousands of retirees can’t withdraw savings invested in companies controlled by indicted financier Greg Lindberg

Mark Zintel, a retiree who lives near Tampa, Fla., is furious that a $700,000 annuity he bought from an insurer has been frozen for nearly four years. He is one of tens of thousands of people whose money became inaccessible as self-described billionaire Greg Lindberg’s empire slowly collapsed. Many may never get some of their … Read more

Why Chinese apps are a favorite of young Americans

Concerns over TikTok in Washington are drawing new attention to how the Chinese apps have woven themselves into the lives of young Americans and what makes them so popular. Four of the five hottest apps in the US in March were counterfeited in China. Algorithms are often cited as the secret sauce. An often-overlooked point … Read more