Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Amazon"


25 mentions found


More than 100 companies sign letter opposing U.S. state voting restrictions
  + stars: | 2021-04-14 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
REUTERS/Elijah Nouvelage/File Photo(Reuters) - Apple Inc, Amazon.com Inc, Ford Motor Co and Starbucks Corp are among the more than 100 companies that have come together to oppose U.S. state voting curbs that activist groups say unfairly target Black and other racial minorities. Republicans across the country are using former President Donald Trump’s false claims of voter fraud to back state-level voting changes they say are needed to restore election integrity. In a separate statement on Tuesday, the top executives of more than three dozen Michigan-based companies, including General Motors Co and Ford opposed Republican-backed legislation to restrict voting. Atlanta-based Coca-Cola Co and Delta Air Lines Inc were not among the signatories of the Wednesday letter, but have put out individual statements calling the voting limits in Georgia “unacceptable”. Coca-Cola said it had not seen the letter but was open to hearing the perspective of the Black Economic Alliance, the group which helped sponsor the ad.
Persons: Elijah Nouvelage, Ken Chenault, Ken Frazier, Donald Trump’s Organizations: REUTERS, Apple Inc, Amazon.com Inc, Ford Motor Co, Starbucks Corp, Wednesday's New York Times, American Express, Merck, Republicans, General Motors Co, Ford, Republican, Atlanta, Cola, Delta Air Lines Inc, Black Economic Alliance Locations: Fulton County, Atlanta , Georgia, U.S, Wednesday's, Texas, Arizona, Michigan, Georgia
Angry Indian traders counter Amazon summit with own event
  + stars: | 2021-04-14 | by ( Aditya Kalra | ) www.reuters.com sentiment -0.98   time to read: +2 min
NEW DELHI (Reuters) - Thousands of Indian small businesses will organise an event this week in protest at the business practices of foreign e-tailers like Amazon.com Inc, taking a dig at the U.S. group’s summit with their own event. FILE PHOTO: A man walks past an Amazon logo outside the company's collection point in Mumbai, India, March 19, 2021. The Smbhav event will include more than 70 speakers and aims to allow small businesses to learn how to grow their businesses in India - a key growth market for Amazon. The event “puts forth how Amazon and our partners leverage digitisation, technology & our ecosystem to drive infinite possibilities for a Digital India”, its website said. In a statement, trader groups including the All India Mobile Retailers Association said the Amazon event was positioning it as a friend and guide to small sellers, but argued small traders had been harmed by discriminatory practices of foreign e-commerce firms.
Persons: Francis Mascarenhas, Narendra Modi’s, Amazon Organizations: Inc, REUTERS, Amazon, U.S, Walmart, Reuters, All India Mobile Retailers Association Locations: DELHI, Mumbai, India
Amazon aims to double U.S. Black employees in leadership this year
  + stars: | 2021-04-14 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo(Reuters) - Amazon.com said on Wednesday it was aiming to double the number of Black employees in senior leadership roles and hire 30% more Black people as corporate employees in the United States this year. Amazon data shows U.S. Black employees in leadership roles accounted for 3.8% last year. The Seattle-based firm is also targeting to have 30% more women in tech and science related senior leadership roles in 2021. It said it strives for an equitable culture and has no tolerance for discrimination: “These allegations do not reflect those efforts or our values.”Women comprised 31.4% of Amazon’s U.S. corporate employees in 2020, while it had 22.8% women in senior leadership roles.
Persons: Pascal, Black Organizations: REUTERS, Amazon’s Locations: Boves, France, United States, Seattle
(Reuters) - Shares of Alkami Technology Inc surged 38% in their U.S. stock market debut on Wednesday, giving the U.S. banking software provider a market capitalization of $3.43 billion. Alkami, which has more than 160 financial institutions using its cloud-based digital banking services, sold six million shares in the IPO. The company’s banking software platform is delivered to its customers using Amazon Web Services (AWS) cloud technology. MeridianLink, another financial software provider backed by private-equity firm Thoma Bravo, is planning a U.S. IPO at more than $3 billion valuation including debt, Reuters reported in February, citing people with knowledge of the matter. Alkami reported total revenue of $112.1 million for 2020, more than 50% growth from a year earlier.
Persons: Goldman, Alkami, Thoma, Goldman Sachs, JP Morgan Organizations: Reuters, Alkami Technology, Atlantic, D1 Capital, Goldman Sachs, Inc, Amazon Web Services, Thoma Bravo, Barclays, underwriters Locations: Dealogic
RIO DE JANEIRO (Reuters) - Brazil’s P1 coronavirus variant, behind a deadly COVID-19 surge in the Latin American country that has raised international alarm, is mutating in ways that could make it better able to evade antibodies, according to scientists studying the virus. “We believe it’s another escape mechanism the virus is creating to evade the response of antibodies,” said Felipe Naveca, one of the authors of the study and part of Fiocruz in the Amazon city of Manaus, where the P1 variant is believed to have originated. Studies have shown the P1 variant to be as much as 2.5 times more contagious than the original coronavirus and more resistant to antibodies. For Ester Sabino, a scientist at the faculty of medicine of the University of Sao Paulo who led the first genome sequencing of the coronavirus in Brazil, the mutations of the P1 variant are not surprising given the fast pace of transmission. So far vaccines, such as those developed by AstraZeneca and China’s Sinovac, have proven effective against the Brazilian variant but Sabino said further mutations could put that at risk.
Persons: Leonardo Benassatto, , Felipe Naveca, Naveca, Ester Sabino, China’s, Sabino, Organizations: RIO DE, Reuters, American, Emergency Mobile Care Service, REUTERS, University of Sao, AstraZeneca Locations: RIO DE JANEIRO, Bauru, Sao Paulo state, Brazil, Fiocruz, Amazon, Manaus, France, United States
Dozens of companies, including Amazon, Google, Starbucks and Netflix, joined hundreds of business leaders, celebrities, and other prominent names to sign a new statement opposing “any discriminatory legislation” that would restrict ballot access. The statement, appearing Wednesday as advertisements in The New York Times and The Washington Post, is the latest and largest mobilization by corporate America against restrictive voting legislation advanced by Republicans around the country. “We stand for democracy,” the statement, stretched across two full pages, reads. In addition to companies and their leaders, the statement's signatories includes celebrities, major law-firms, and nonprofits. John Kushner, brother to Trump son-in-law Jared Kushner and founder of venture capital firm Thrive Capital, also signed the letter.
Persons: Wells Fargo, George Clooney, Paula Abdul, Michael Bloomberg, Mark Ruffalo, Demi Lovato, Brian Cornell, Warren Buffett, John Kushner, Trump, Jared Kushner, Donald Trump, , Mike Ward, Ward, Organizations: Amazon, Google, Starbucks, Netflix, New York Times, Washington, Republicans, Times, Target, Bank of America, Apple, Cisco, Berkshire Partners, American Express, Brennan Center for Justice, New York University, Civic Alliance, NBC News Locations: Wells
FILE PHOTO: A view of an illegal road made during the deforestation of the Yari plains, in Caqueta, Colombia March 3, 2021. In 2019, more than half of all forest clearings analyzed by the foundation were within 1 kilometer of a road. “It’s likely that, during the first quarter of 2021, we’ll see growth in deforestation due to the expansion of roads.”Even illegal roads increase land value. “It makes me sad, but I have no choice.”Colombia is not the only Amazon country struggling with the encroachment of roads. Colombia’s environment ministry said it is working with other government departments and using satellite images to find and disable illegal roads.
Persons: Luisa Gonzalez, San Vicente del Caguan, , Adriana Rojas, Hector Molina, , Molina, ” Molina, Rodrigo Botero, “ It’s, Carlos Eduardo Correa, Mikaela, WRI, Mario Baron, ” Baron Organizations: VICENTE DEL CAGUAN, REUTERS, San, Reuters, Foundation Gaia, Foundation for Conservation, Sustainable Development, Revolutionary Armed Forces, World Resources Institute, WRI’s Global, Watch, National Roads Institute, Land Agency, Authorities Locations: Caqueta, Colombia, San Vicente, Sierra, Colombian, Brazil, York, Bolivia, Peru, Ecuador
How Amazon Strong-Arms Partners Using Its Power Across Multiple Businesses
  + stars: | 2021-04-14 | by ( Dana Mattioli | Joe Flint | ) www.wsj.com sentiment -0.99   time to read: +1 min
The smaller company feared that complying with the demand would violate customer privacy, said a person familiar with the episode. Ecobee’s devices work with Alexa, Amazon’s voice-powered assistant, and it already shared some data with Amazon, the person said. Moreover, the company worried Amazon would glean insights from Ecobee’s users that it could use in competing products. Amazon responded that if Ecobee didn’t serve up its data, the refusal could affect Ecobee’s ability to sell on Amazon’s retail platform, the person said. Partners often acquiesce to Amazon’s demands, the executives and officials said, because of its power in a range of market sectors.
Persons: Ecobee didn’t Organizations: Amazon.com Inc, Alexa, Amazon
Walmart Marketplace grew to an estimated 70,000 sellers in 2020, fueled by a surge in online shopping due to the Covid-19 pandemic and a series of investments in technology and vendor relationships reported here for the first time. Walmart has already added over 130 new Chinese sellers, Marketplace Pulse said. “We do not plan to lower our bar or change our vetting standards, our monitoring or management of sellers,” Jeff Clementz, Vice President of Walmart Marketplace, said. (Graphic: Walmart Marketplace vendors seen rising sharply - )Some vendors described a rigorous process to get on Walmart Marketplace that can take weeks and includes submitting bank account information, sales records and social security details. Hoping to address complaints from sellers, Walmart hired “strategic account managers” who cater to top vendors.
Persons: Mike Segar, , , Cal Chan, raff, ” Jeff Clementz, Bradley Sutton, Marc Lore, Doug McMillon, Lore, Clementz, Michael Lebhar, Ryan Ebel Organizations: CHICAGO, Walmart, REUTERS, Amazon Inc, Reuters, Amazon, Google, Facebook, Insider Intelligence, U.S, Clementz, PayPal, Intel, Amazon Prime Locations: West Haven , Connecticut, U.S, India, United States, , Las Vegas
Walmart has distinguished itself as a safer, less crowded marketplace than rivals like Amazon, making it easier for merchants to stand out and sell products. Walmart has already added over 130 new Chinese sellers, Marketplace Pulse said. “We do not plan to lower our bar or change our vetting standards, our monitoring or management of sellers,” Jeff Clementz, Vice President of Walmart Marketplace, said. Some vendors described a rigorous process to get on Walmart Marketplace that can take weeks and includes submitting bank account information, sales records and social security details. Hoping to address complaints from sellers, Walmart hired “strategic account managers” who cater to top vendors.
Persons: , , Cal Chan, raff, ” Jeff Clementz, Bradley Sutton, Marc Lore, Doug McMillon, Lore, Clementz, Michael Lebhar, Ryan Ebel Organizations: Amazon Inc, Walmart, Reuters, Amazon, Google, Facebook, Insider Intelligence, U.S, Clementz, PayPal, Intel, Amazon Prime Locations: India, United States, , U.S, Las Vegas
Amazon Vote Won’t Deter Union Goals, Labor Secretary Marty Walsh Says
  + stars: | 2021-04-14 | by ( Amara Omeokwe | ) www.wsj.com sentiment -1.00   time to read: +1 min
com Inc. and other large companies should expect to see future labor-organizing efforts despite the rejection of a union at the e-commerce firm’s Bessemer, Ala., warehouse, Labor Secretary Marty Walsh said. Mr. Walsh, who took office last month, said the vote doesn’t change President Biden’s goal of increasing union jobs in the U.S.“I don’t think you can judge the fate of labor on one vote,” Mr. Walsh said Tuesday in an interview with The Wall Street Journal. “I think there will be other conversations as we move forward in the country, in other companies as well as Amazon.”Mr. Walsh noted that the vote in Alabama was the first of its kind. The election marked the first time Amazon warehouse workers who fill customer orders held an election, and the group was the largest number of Amazon employees to vote on unionizing. The vote in Alabama failed by a wide margin despite support from Mr. Biden and other prominent Democrats and efforts by organizers to link the election to civil-rights causes, including the Black Lives Matter movement.
Persons: Marty Walsh, Walsh, Biden’s, ” Mr, Mr, Biden Organizations: Inc, Labor, Wall Street Locations: Bessemer, Ala, U.S, Alabama
World stocks hit record high as bond yields ease
  + stars: | 2021-04-14 | by ( Kevin Buckland | ) www.reuters.com + 0.00   time to read: +4 min
TOKYO (Reuters) -Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly as the economy reopens. REUTERS/Kim Kyung-HoonMost Asia-Pacific share indexes followed Wall Street higher, with Hong Kong’s Hang Seng leading gains in the region, while benchmark U.S. Treasury yields continued their decline, marking a fresh three-week low. European stocks looked set to open modestly higher, with Euro Stoxx futures up 0.3% and Britain’s FTSE futures 0.1% higher. But the data is unlikely to change Federal Reserve Chair Jerome Powell’s view that higher inflation in coming months will be transitory. The U.S. dollar eased along with Treasury yields, slipping to a three-week low to major peers.
Persons: Kim Kyung, Hong, Hang Seng, Jerome Powell’s, Powell, Seng, it’s, , Michael McCarthy, , Johnson, Bitcoin Organizations: REUTERS, Treasury, Nikkei, Economic, of Washington, Westpac, Japan, CMC Markets, Apple Inc, Microsoft Corp, Amazon.com Inc, Nasdaq, Dow Jones, JPMorgan Chase &, Goldman Sachs, Inc, U.S, Brent Locations: TOKYO, Tokyo, Japan, Asia, U.S, Pacific, United States
TOKYO (Reuters) - Global equity markets rose to a fresh record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly. REUTERS/Kim Kyung-HoonMost Asia-Pacific share indexes followed Wall Street higher, with Hong Kong’s Hang Seng leading gains in the region, while benchmark U.S. Treasury yields continued their decline, marking a fresh three-week low. The U.S. consumer price index rose 0.6%, the biggest increase since August 2012, as rising vaccinations and fiscal stimulus unleashed pent-up demand. The S&P 500 gained 0.33% as it also set intra-day and record closing highs, while the Nasdaq Composite added 1.05%. The U.S. dollar eased along with Treasury yields, slipping to a three-week low to major peers.
Persons: Kim Kyung, Hong, Hang Seng, Jerome Powell’s, Powell, Johnson, Bitcoin Organizations: Global, REUTERS, Treasury, Nikkei, Economic, of Washington, Westpac, Japan, Apple Inc, Microsoft Corp, Amazon.com Inc, Nasdaq, Dow Jones, JPMorgan Chase &, Goldman Sachs, Inc, U.S, Brent Locations: TOKYO, Tokyo, Japan, Asia, U.S, Pacific, United States
Hundreds of companies speak out against discriminatory voting laws
  + stars: | 2021-04-14 | by ( ) www.cnbc.com sentiment -0.95   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHundreds of companies speak out against discriminatory voting lawsHundreds of companies and executives have signed on to a new statement opposing any discriminatory legislation that would make it harder for people in the U.S. to vote. The new signatories include Amazon, BlackRock, Google and Warren Buffett. CNBC's Andrew Ross Sorkin reports.
Persons: Warren Buffett, CNBC's Andrew Ross Sorkin Organizations: Amazon, Google Locations: U.S, BlackRock
Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. US-based insurance comparison platform The Zebra has secured a $150 million Series D funding round, making it the latest fintech unicorn, per TechCrunch. Going forward, Insider Intelligence believes The Zebra should focus on supporting the agent-user relationship and striking new partnerships to diversify its distribution channel. Here's how you can gain access:Join other Insider Intelligence clients who receive Fintech forecasts, briefings, charts, and research reports to their inboxes each day. >> Browse Our CoverageCurrent subscribers can access the entire Insider Intelligence content archive here.
Persons: Keith Melnick, Gabi Organizations: Intelligence, Insurance, Amazon, Amazon Business
Hundreds of US companies and executives signed a statement opposing laws that make it harder to vote. Others including like Coca-Cola, Delta Air Lines, and JPMorgan Chase declined, The New York Times reported. Hundreds of US companies and executives have signed a statement opposing "any discriminatory legislation" that would make it more difficult for people to vote. Companies that signed the statement include:General MotorsNetflixStarbucksAmazonBlackRockGoogleTargetFacebookBank of AmericaMasterCardUnited AirlinesInvestor Warren Buffett, nonprofit organizations, and major law firms also signed. But The Times reported that multiple companies refused to sign the statement, including Georgia-based Coca-Cola, Delta Air Lines, and Home Depot.
Persons: JPMorgan Chase, Google Target Facebook Bank of America MasterCard United Airlines Investor Warren Buffett, Kenneth Chenault, Kenneth Frazier, Arthur Blank, Jamie Dimon Organizations: Companies, Netflix, Starbucks, Amazon, MasterCard, Facebook, Google, Delta Air Lines, JPMorgan, New York Times, Georgia's, General Motors Netflix, Google Target Facebook Bank of America MasterCard United Airlines Investor, The New York Times, Washington, American Express, Merck, Times, Depot, The Times Locations: Georgia
Amazon Echo Buds (2nd gen) price and availabilityThe new Echo Buds ship in May and are available for preorder on Amazon starting April 14. Among the biggest differences between the original Echo Buds and the second-generation Echo Buds are the design and fit. The new Echo Buds are 20% smaller than their predecessors and the case is 40% leaner, more closely resembling the AirPods Pro's case. The Echo Buds will also gain new features like "Find My Buds," which as its name suggests prompts your buds to make a chime if misplaced. The new Echo Buds seem like they could be a promising option for avid Alexa users, especially since they're priced more affordably than the original Echo Buds were at launch.
Persons: It's, There's, Miriam Daniel, we've, Daniel, They'll Organizations: Samsung, Google, Bloomberg, Apple, Amazon, Echo
New York (CNN Business) Hundreds of prominent executives from high-profile companies, including Amazon, Google, BlackRock and Starbucks, signed a statement that opposes discriminatory legislation that makes voting harder. The statement, printed Wednesday in an advertisement in the New York Times, was organized by Ken Chenault and Ken Frazier, two of America's most prominent Black corporate leaders. The statement called democracy a "beautifully American ideal" and for it to work, "we must ensure the right to vote for all of us." "We all should feel a responsibility to defend the right to vote and to oppose any discriminatory legislation on measures that restrict or prevent any eligible voter from having an equal and fair opportunity to cast a ballot," it continued. Wednesday's statement was a sign of solidarity after weeks of warring between Republicans and a smaller group of Georgia-based companies that spoke out after public pressure.
Persons: Ken Chenault, Ken Frazier Organizations: CNN, Amazon, Google, BlackRock, Starbucks, New York Times Locations: York, Georgia , Texas, Georgia
Amazon on Wednesday announced the second version of its Echo Buds headphones that are smaller and start at $99 while promising some of the features found in Apple's $249 AirPods Pro. The new Echo Buds have active noise cancellation, like the AirPods Pro. Amazon says they block twice as much background noise as the first model. Amazon seems to have addressed a lot of the complaints I had with the first version of Echo Buds. They're 20% smaller than the first generation and are supposed to be more comfortable thanks to a redesign and a variety of rubber tips that come with the headphones.
Persons: Alexa Organizations: Wednesday, Bluetooth
Some third-party sellers have become such cash cows that investment firms like Thrasio have raised hundreds of millions of dollars to buy up lucrative brands. With millions of sellers competing to rank at the top of Amazon's search, some third-party sellers will use shadier techniques. "If you can take down your competitor on Amazon.com, you'll capture their sales," Molson Hart, a third-party seller, told Insider. Insider also spoke with Brian, a third-party seller who did not want his last name published for fear of reprisal. Are you an Amazon seller with a story to share?
Persons: we've, that's, Finbold, Molson Hart, Hart, Brian, You've, Sellers Organizations: hatters, Amazon, Merchants Locations: Amazon, China, United Kingdom, Amazon's warehouse
Showtime values its place as the adult alternative to ViacomCBS' Paramount Plus. But sources raised concerns about its long-term prospects and "Halo" moving to Paramount Plus. But insiders say Showtime — which has its own standalone streaming service and isn't included in Paramount Plus — feels stuck. The first former staffer said this is exactly why Paramount Plus should leverage Showtime content. Showtime's biggest challenge is that it's a rather expensive add-on at $11 per month (slightly cheaper when bundled with Paramount Plus).
Persons: WarnerMedia, HBO Max, Disney, ViacomCBS, Showtime doesn't, Showtime execs, Ray Donovan, America's, Showtime hasn't, David Nevins, Nevins, Evan Agostini, You've, you've, They're, isn't, Regina Hall, Brian Koppelman, David Levien, Lena Waithe, Peacock, Bob Bakish, Stephen Beck, Beck Organizations: Showtime, Paramount, Viacom, CBS, Disney, HBO, Netflix, Marvel, Star Wars, Paramount Plus, Nickelodeon, Comedy, Hulu, Disney Plus, Apple TV, Apple, Credit Suisse, Amazon Prime, Showtime Data, cg42, Amazon Locations: Swedish
HB531 will restrict early voting hours, remove drop boxes, and require the use of a government ID when voting by mail. Hundreds of corporations, executives and celebrities released a statement Wednesday in opposition to "any discriminatory legislation or measures" that would restrict ballot access. American Airlines, Apple, Bank of America, Cisco, Facebook, Microsoft, Netflix, Starbucks, Target, Twitter and Vanguard were among dozens of corporate names to sign the statement. Celebrities to sign on included George Clooney, Queen Latifah, Demi Lovato, Lin-Manuel Miranda, Gwyneth Paltrow, Shonda Rhimes and Dwyane Wade. Chenault and Frazier two weeks prior spearheaded a coalition of prominent Black business executives calling on corporate America to come out against voter restrictions.
Persons: Bill, HB531, Berkshire Hathaway, Warren Buffett, Leonardo DiCaprio, Ariana Grande, Ken Chenault, Ken Frazier, George Clooney, Queen Latifah, Demi Lovato, Lin, Manuel Miranda, Gwyneth Paltrow, Shonda Rhimes, Dwyane Wade, Chenault, Frazier, Brian Kemp Organizations: Capitol, Amazon, General Motors, Berkshire, GOP, American Express, Merck, The New York Times, Times, Washington Post . American Airlines, Apple, Bank of America, Cisco, Facebook, Microsoft, Netflix, Starbucks, Target, Twitter, Vanguard, Republican Locations: Atlanta , Georgia, BlackRock, America
Halpern is CEO of Jackmont Hospitality, an Atlanta-based foodservice company that franchises about 45 restaurants including TGI Fridays across the country. Additional stimulus via both direct payments to individuals and enhanced unemployment benefits is a potential double-edged sword for restaurants. But some operators like Halpern feel it's incentivizing workers to stay home. Tropical Smoothie Cafe is seeing the labor crunch play out at its nearly 1,000 company-owned and franchised locations, which typically employ 16- to 22-year-olds. "There is a dearth of labor in the restaurant business and in the service business like we have never seen.
Persons: Daniel Halpern, Halpern, he's, Jackmont, " Halpern, it's, Charles Watson Organizations: Jackmont, Consumers, Amazon Locations: Atlanta,
Amazon is targeting budget shoppers with its new Echo Buds headsets, internal documents show. Amazon is hoping the lower price point of its Echo Buds will set it apart in the crowded field of wireless headsets. The new Echo Buds were initially supposed to be released late last year, but were delayed, according to internal documents. 'Price performance'According to the internal documents, "price performance" is mentioned first in a list of five top differentiators and customer benefits. The documents list forecast buyers alongside general population consumers, and show Amazon targeting an outsized proportion of consumers from low-income households.
Persons: Powell, , Amazon's, Apple's Organizations: Apple, Google, Samsung, Alexa, Amazon
China has cracked down on Jack Ma and his companies Ant Group and Alibaba recently. The government may be targeting him, but China is also focused on reining in billionaires at large. A wealth gap has widened, posing issues for the communist nation, which strives for distributed wealth. Besides the US, China has the most billionaires out of every country in the world — 626 to be exact, according to Forbes. Such economic disparities have caused political problems for the Chinese Communist Party, which strives to preserve an evenly distributed wealth system.
Persons: Jack Ma, Jack Ma's, Ant, Ma brazenly, Xi Jinping, China —, Alibaba, Andrew Burton, Daniel Zhang, Read, Bytedance Organizations: Ant Group, Jack Ma's Ant, Party, Nikkei, Communist, New York Times, Bloomberg, Forbes, Chinese Communist Party, NYSE, Getty, Amazon, Microsoft, Google, Wall Street, Communist Party Locations: China, Nikkei Asia, China Communist China, Beijing, Swedish
Total: 25