China Is Dismantling the Empire of a Vanished Tycoon - The New York Times
On Friday, two regulators announced coordinated moves to seize companies worth hundreds of billions of dollars tied to Tomorrow Group, the umbrella company that Mr. Xiao controlled for more than two decades.
China’s banking and insurance regulator said it had taken over four insurers and two trust firms connected to Tomorrow Group, while the securities regulator said it had seized control of two securities firms and a futures company, accusing the businesses of providing misleading information about their shareholders and controller…
In many ways, the fate of Mr. Xiao and his empire was sealed in the early hours of Jan. 27, 2017, when he was whisked out of the Four Seasons Hotel in Hong Kong in a wheelchair by a dozen men and taken into police custody in mainland China.
Question: But who benefits from the redistribution of his empire? And is Xiao’s wife overseas?
Gao Hua is probably my favorite historian who sadly passed away. He once said that the well known way how red army got their military capital was thru beating up local moguls and seizing their properties - 打土豪 分田地. History don’t change; it repeats.
这对美国计算机产业是非常糟糕的。美国已经失去了内存记忆体产业、磁盘产业、液晶面板产业、电子零件产业，现在就连 CPU 产业都在离开。按照现在的这种趋势，ARM 计算机的所有零件将都不在美国生产，美国将造不出 ARM 计算机，每一个零件都必须进口。
首先微软早就专注云和enterprise了 桌面已经不是最重要的战场 根本不会“奋起反抗”
另外中国制造业特别厉害没错 但国内真正呼风唤雨的都是台湾工厂比如台积电和鸿海（富士康） 中芯不成气候 除非靠这一波政策红利
而且对中国的制造业 知识产权根本不在手上 要不华为何必如此在意美国的限制 因为它的几乎所有芯片都是美国产品（非美国制造） 曾经我们还可以通过贸易来获取产权 现在中美贸易谈判一摆 产权就没了
对英特尔的看法是没问题的 因为英特尔想两手抓（设计+制造） 结果都被更专注的对手打趴下 这次苹果的决定对英特尔有深远的影响 它已经走在十字路口
Zoom has become the de facto standard for online communications during the pandemic, but the company has found that it’s still a struggle for many employees to set up the equipment and the software to run a meeting effectively. The company’s answer is an all-in-one communications appliance with Zoom software ready to roll in a simple touch interface.
This only makes sense for C-level people who needs to have video calls all day and also with ample desk space. I’d assume people would (have to) dress up under its wide-angle camera too.
On the other hand, a smaller form factor like Google Nest Hub with zoom software preinstalled could be a hit in pandemic - there’s definitely advantages of having the video call device separate from your working computer. I can see how Google misses another great opportunity here.
What do foreign countries do with all the US dollars they accumulate by selling products in the US? Why do they keep accepting dollars if they have no desire to buy an equivalent amount of American products or services with those dollars? […]
The answer to those questions is that our trading partners take the dollars they gain through net exporting to the US and buy US dollar denominated financial assets. […] In other words, foreigners own $12 trillion more of financial assets in the US than Americans own abroad, nearly the same value as our accumulated trade deficit.
The mystery of America’s massive trade deficit and relatively strong dollar is that our largest export is simply not counted in goods and service trade deficit data. America’s largest exports are stocks and bonds.
This might be finance 101 to professionals but is quite new to us. If one looks at US the country as a giant company, what foreign investors (esp. China) has been doing via trade deficit is gradually increasing their stake (and board seat, and voting power) in this company, which subsequently diluting the power/stake of the founder/CEO (in this case the US gov). Sure the portion they own is quite small compared to the whole (in this case the total US financial market?). But have others gain more influence over your company is never good news, let alone your country.
China strongly condemns UK’s suspension of extradition treaty with HKSAR - Xinhua “Now the UK side has gone even further down the wrong road in disregard of China’s solemn position and repeated representations. It once again contravened international law and the basic norms governing international relations and blatantly interfered in China’s internal affairs in an attempt to disrupt the implementation of the National Security Law for the HKSAR and undermine the city’s prosperity and stability,” the spokesperson said. // Question: How is terminating an extradition treaty interfering in a country’s internal affairs?
Interfering internal affairs is probably the most used accusation towards any foreign countries. Chinese citizens typically are willing to root for that as well: it’s like exposing domestic issues out in public; it gives a feeling of weakness, or shame.
Interestingly though, the comment section points out this little historical scene - Chinese Premier Li has said he wants to see a “united United Kingdom”, on the topic of Scottish independence referendum. Care to guess if Scotland accused Li of “interfering a country’s internal affairs”?
I bought a Pixel 2 in 2017 and a Pixel 4 last fall. There’s a lot that’s nice about the hardware but the software is sloppy. My nutshell review of the experience of using a Pixel 4 can be summed up just by looking at this screenshot of my home screen. “Instagr…”, “Podcas…”, “Play St…” — that’s how the home screen displays the names for Google’s own apps and Instagram, one of the most-used apps in the world.
This is embarrasing. I specifically added the link to the screenshot so you can see it in action. It is basically saying I don’t give a f about users.
In case there were still readers who thought US-China relations could not get worse, they worsened overnight. The US has ordered the closure of the PRC’s consulate in Houston, Texas. […] As I wrote a few weeks ago, I think we are seeing the “blame China” Trump re-election stream merging with the “get tough on China” national security stream that has been present throughout the Trump Presidency but sometimes held in check. And the Trump national security team knows may not have that much time left, they have lots they want to get done with regards to China, and they may want to make as many things as possible very hard to reverse under a possible Biden administration. Plan accordingly…
More details on the news. Trump used to be cautious in terms of dealing actual damage to China; after all, China is the major force to create the economy boost in US that he usually brags about. As the re-election nears, however, campaigns and acts that hurt China can suddenly become much more attractive, considering what a cluster F his handling of coronavirus has been.
Sales team evolution, support guarantees, methodology checklists, partner networks, customer forums, certifications — how boring can you get! No wonder no one covered this keynote! And yet, this is the nuts and bolts of selling into the enterprise. It is the sort of minutiae that Microsoft or Oracle excel at, and it is a view of the market that couldn’t be more different than rolling out Search and watching it take over the world. To put it another way, I don’t know if Kurian will be successful, but the fact he has made this much progress in so hostile an environment is incredibly impressive.
GCP growth has certainly been impressive, meaning Kurian’s boring corporate strategy is working. Still, Google feels divided more than ever. On one side, it is the original Google doing all the cutting-edge tech with the quirky nerdy fun style, and spoiled by the money advertisers pour to them; on the other side, Kurian is leading a fierce and ruthless battle in the cloud business with the corporate sales-driven style.