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Baidu founder Robin Li's water attacker detained as drenching incident goes viral

The man who drenched Baidu’s billionaire co-founder Robin Li Yanhong with water as he was giving a presentation at the company’s annual tech event in Beijing on Wednesday will be detained for five days for the offence.Chaoyang district police announced the detention on their Weibo account on Thursday after concluding an investigation into the stunt, which shocked attendees, stole the limelight from the company’s latest AI announcements and sparked a social media frenzy in China.The man,… Source link

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Huawei founder predicts limited impact from Trump decision to allow sales of some US tech products to the company

US President Donald Trump’s move to relax a US trade ban on Huawei Technologies will not have much impact as the company will concentrate on its own business, according to its founder and chief executive Ren Zhengfei.“President Trump’s statements are good for American companies. Huawei is also willing to continue to buy products from American companies,” Ren said in a statement, according to a Financial Times report.“But we don’t see much impact on what we are currently doing. We will still… Source link

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Malaysia’s sovereign wealth fund appoints SenseTime founder to board as it seeks to expand tech investments

Malaysia’s sovereign wealth fund has appointed the founder of artificial intelligence start-up SenseTime as a board member – marking the first time a foreign national has been formally appointed to such a position at Khazanah Nasional.Tang Xiao’ou, a mainland Chinese national and professor at Chinese University of Hong Kong, will advise on AI-related matters, according to an announcement on Monday.The fund also appointed Malaysian national Lau Seng Yee, senior executive vice president and… Source link

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Zhang Xiaolei, founder of Chinese fintech firm Qbao, to serve 15-year jail firm for fraudulent fundraising

Zhang Xiaolei, a prominent figure in China’s fintech sector, was sentenced to 15 years in prison for his involvement in a Ponzi scheme that involved at least 50 billion yuan (US$7.25 billion) of investors’ money.The Nanjing Intermediate People’s Court in Jiangsu province handed down the punishment to Zhang, 50, after charging him with financial fraud and embezzling depositors’ money through illegal fundraising, and confiscated 100 million yuan of his assets, Xinhua reported on Friday.Zhang, who… Source link

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Huawei founder Ren Zhengfei says clash with the US was “inevitable”

Huawei Technologies founder Ren Zhengfei said he foresaw the clash with the US government, saying it was a matter of time before the Chinese telecommunications equipment maker threatened US interests and attracted retaliation.“We sacrificed (the interests of) individuals and families for the sake of an ideal, to stand at the top of the world,” Ren Zhengfei, founder and CEO of Huawei, said in interview with Chinese state media on Tuesday. “For this ideal, there will be conflict with the United… Source link

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Singapore 

Eye candy: We talk hip hop with Felix Huang, founder of Asia pacific’s biggest street dance festival, Singapore News

Felix Huang isn’t just a looker. At the humble age of 38, the slender hip-hop educator has already made his mark as one of the forefathers of breakdancing in Singapore. He launched Recognize Studio in 2010 to provide street dance classes for thousands of youths in Singapore, and as a core member of Radikal Forze Crew, helped found Radikal Forze Jam – the biggest street dance festival in the Asia Pacific that saw its latest edition earlier this month. Suffice to say, his passion for dance hasn’t wavered one bit.…

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Hong Kong traded shares in Chinese peer-to-peer lending platform Gold-Finance tank after founder put in police custody

China’s efforts to clean up its embattled peer-to-peer lending sector are behind the latest shock wave to affect trading in Hong Kong.Shares in Gold-Finance Holdings, a Chinese wealth management firm, tumbled as much as 70 per cent in the city on Tuesday. The decline came after police in China’s eastern city of Hangzhou said over the weekend its owner, Wei Jie, was in custody for suspicious illegal fundraising.The stock traded at 15.7 Hong Kong cents, slumping 67 per cent, before trading was… Source link

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Founder Ren Zhengfei says Huawei should learn from Apple – and set higher prices

Ren Zhengfei, founder and chief executive of Huawei Technologies, said the company should learn from Apple to set higher prices so that “competitors will be able to survive”, as the Chinese firm remains on the defensive against US accusations that its products could be used for spying.Huawei, the world’s largest telecommunications equipment supplier, has long been criticised for undercutting rivals by offering its products at cheaper prices to win contracts. Now, Huawei is refuting claims that… Source link

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Ecommerce 

Pinduoduo founder calls for openness in e-commerce as battle with Alibaba and JD.com escalates

The founder of group-buying platform Pinduoduo has called for more open competition for the benefit of merchants and consumers amid increasing rivalry in China’s e-commerce industry where merchants are often forced to choose sides.The current “forced exclusivity” in the e-commerce market, where merchants and customers are constrained to a certain platform or choice of payment method, will hurt the industry in the long term, Pinduoduo founder and chief executive Colin Huang Zheng said in his… Source link

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