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Billionaire Who Missed Out on TikTok Is Trying to Beat It
Bloomberg 6 hrs ago Zheping Huang
(Bloomberg) In 2017, Su Hua, the founder of a Chinese startup called Kuaishou Technology, was on the verge of closing the biggest deal of his career the acquisition of a fledgling video service that would become TikTok. But arch-rival ByteDance Ltd. swooped in with a better offer, and Su missed out on what has become a global sensation.
Now, the 38-year-old entrepreneur is getting some payback. In February, Kuaishou went public in Hong Kong, raising more than $5 billion on the strength of its booming video and commerce operations. ByteDance, meanwhile, tangled with the U.S. government and then got ensnarled in China’s tech crackdown, likely delaying its own initial public offering.
Tech giants threaten to leave Hong Kong if data privacy laws change Facebook, Twitter, Google and Alphabet, told the Hong Kong government the companies may leave the city if new anti-doxing laws are adopted
Author of the article: Daniel Johnson
Publishing date: Jul 05, 2021 • 18 hours ago • 2 minute read • The Facebook Inc. Facebook, Instagram and WhatsApp apps are arranged for a photograph on a smartphone in Hong Kong, China, on Tuesday, July 7, 2020. Internet giants from Facebook Inc. to Google and Twitter Inc. say they won’t process user data requests from the Hong Kong government amid concerns that a new security law could criminalize protests. Photo by Photographer: Roy Liu/Bloomberg ORG XMIT: 775531720
Cathay Crew to Work 21-Day Stints to Avoid Quarantine
Bloomberg 2/19/2021
(Bloomberg)
Cathay Pacific Airways Ltd. is taking extreme measures to cope with new rules that will require flight crew to quarantine in Hong Kong from Saturday, introducing a rotation policy that puts staff out of action for almost one month at a time after they’ve completed 21-day shifts.
Crew who volunteer to take part in the airline’s so-called closed loop plan must isolate at Cathay’s Headland Hotel whenever they return to Hong Kong during their 21-day duty cycle. Once the three-week shift is over, they’ll need to self-isolate for 14 days in a hotel in Taikoo Shing on Hong Kong Island. Then they’ll get 14 days time off, bringing the full duty cycle to 49 days.