E-commerce
Billionaire founder of China’s JD.com steps down as CEO as Beijing’s tech crackdown continues
Richard Liu, the founder of Chinese e-commerce giant JD.com, will step down from his role as CEO. His departure comes after a number of high-profile technology founders exited their leadership positions amid Beijing’s regulatory crackdown on its domestic tech sector. VCG | Visual China Group | Getty Images JD.com’s billionaire founder Richard Liu has stepped […]
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Here are the 3 top trends for Asia’s start-up scene in 2022, according to Microsoft
For entrepreneurs in Asia, the future seems brighter than ever. More so than elsewhere in the world, Asia “leapfrogged other forms of connectivity” to become so-called “mobile-first,” said Jesus Martin, chief strategy at Microsoft Asia. “And because Asia went mobile-first, mobile became the platform that underpinned innovations and new business models.” Mobile first refers to the strategy […]
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Alibaba surges nearly 10% after it ups share buyback program to $25 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba’s Hong Kong-listed stock surged nearly 10% on Tuesday after the Chinese e-commerce giant said it would increase the size of its share buyback program from $15 billion to $25 billion. The share repurchase scheme will be effective […]
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