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☆ The Youths Have Spoken: Wallets Are Lame. Go Digital.
▼ + stars: | 2024-03-06 | by ( Brian X. Chen | Yiwen Lu | ) www.nytimes.com time to read: +1 min

To a growing number of youths, a wallet stuffed with cash and cards is as unfashionable as the millennial tuck, no-show socks and skinny jeans. Iykyk — that’s “if you know, you know,” for those who don’t know. I, Brian Chen, a graying 39-year-old tech columnist, am not one of those in the know. It’s unfathomable to me to part with my wallet, which holds crucial items like my driver’s license. “If a store doesn’t accept Tap to Pay, I won’t give them business,” Ms. Hegab said.

Persons: Iykyk, Brian Chen, unfathomable, Yiwen Lu, Ruby Hegab, Ms, Hegab Organizations: Apple Locations: Fremont , Calif

☆ More Chinese Women Choosing Singledom as Economy Stutters
▼ + stars: | 2024-03-06 | by ( March | At P.M. | ) www.usnews.com time to read: +6 min

Chinese Premier Li Qiang also vowed to "work towards a birth-friendly society" and boost childcare services in this year's government work report. In Shanghai, this figure reached 30.6 for men and 29.2 for women last year, according to city statistics. Long-term single lifestyles are gradually becoming more widespread in China, giving rise to online communities of mostly single women who seek solidarity from like-minded people. Decades of the one-child policy have led to 32.3 million more men than women in 2022, according to official data. "Well-educated women in search of supportive life partners find fewer suitable men who also endorse women's rights."

Persons: Laurie Chen XIAN, Chai Wanrou, didn't, Xi Jinping, Li Qiang, stigmatised, influencers, China's Instagram, Liao Yueyi, I've, Xiaoling Shu, Davis, Shu, Laurie Chen, Farah Master, Miral Fahmy Organizations: Reuters, Communist Party, Communist Youth League, University of California Locations: China, Xian, Shanghai, United States, Xiaohongshu, Nanning, Hong Kong

The Dells contributed nearly $976 million to their charitable funds, which distribute gifts to a wide array of charities. Together, the 50 donors on the list contributed a total of $11.9 billion to charity in 2023. Only 23 of the richest Americans on the Forbes 400 list donated enough to appear on the Philanthropy rankings. 13 on the list, they contributed $210 million to the Institute for Protein Innovation, which shares its data with scientists for free. _____Maria Di Mento is a senior reporter and Jim Rendon is a senior writer at the Chronicle of Philanthropy, where you can read the full article.

Persons: Michael Bloomberg, Phil Knight, Penny, Michael Dell, Susan, Bill Gates, Melinda French Gates, Bernie Marcus, Ken Langone, Arthur Blank, “, ”, Renee Kaplan, — Franklin Antonio, Hugh Hoffman, —, Tim Springer, Chafen Lu, Diego’s Jay Kahn, Lauder, Sergey Brin’s, Michael J, Robert Kraft, Lucia Woods, David, Kathleen LaCross, Pierre Omidyar, Pam, They’re, John, Laura Arnold, Laura, ” Laura Arnold, Wendy Schmidt, Eric Schmidt, “ Younger, Kaplan, Jeff Sobrato, _____ Maria Di Mento, Jim Rendon, Kay Dervishi Organizations: New, New York City, Nike, Bloomberg, Knights, University of Oregon, Dells, Forbes, Forward, Qualcomm, Summer Science, SETI Institute, ALS Association , University of Cincinnati Foundation, Cincinnati Zoo, Botanical, Nature Center, Yale University, Institute for Protein Innovation, Price Club, Apple, San Diego Foundation, Discovery Foundation, Google, Fox Foundation, Parkinson’s Research, New England Patriots, Foundation, Combat, Ms, Foundation for Women, Chicago Foundation for Women, University of Virginia Darden School of Business, eBay, District of Columbia, Associated Press, Philanthropy Locations: New York, Portland , Oregon, Ohio, Moderna, California, Florida, Texas, Virginia, Washington, Hawaii, Massachusetts

☆ China's food delivery gig workers are driving a $208B business, but couriers have it as bad as factory workers
▼ + stars: | 2024-03-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. However, the laborers behind the surging industry face conditions similar to those in the country's factories, facing low wages, long hours, and risky, repetitive work, according to numerous reports. Lu, a 19-year-old Meituan delivery driver in Guangzhou, told Nikkei Asia he earned just 7 yuan per delivery, less than a dollar. In the US, delivery drivers average $17.10 per hour, according to the Bureau of Labor Statistics. They "know it is impossible to deliver in the time expected by the platform," Tiziano Bonini from the University of Siena, who has been studying gig work in China, told the outlet.

Persons: —, Lu, Meituan, Didi Chuxing, SCMP Organizations: Service, Nikkei Asia, Business, Economic Research, Wired, Bureau of Labor Statistics, China Morning, Ministry of Human Resources, Social Security, University of Siena Locations: China, Guangzhou, Guanzhou, Shanghai

☆ The best EV plays are now in China. Analysts are raising price targets on this stock
▼ + stars: | 2024-03-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

With Apple reportedly out of the electric car game and Tesla losing market share in some Chinese cities, the best EV stock plays are arguably now all based in China. Li Auto 's market share waned, and Morgan Stanley analysts are watching whether there will be a boost from new models. "Following our upgrade earlier this month, Li Auto delivered impressive earnings/guidance, further cementing its position as a top-tier China OEM," Deutsche Bank analysts said in a late February report. Li Auto management said they expect gross margin to fluctuate between 10% and 25%, but generally remain above 20%. But even with its premium pricing the company isn't immune from intense competition in China's electric car market.

Persons: Morgan Stanley, Nio, BYD, Li Auto, Li, Li Auto's, Weibing Lu, Xi Jinping, — CNBC's Michael Bloom Organizations: Apple, Friday, China, Deutsche Bank, Li Auto, Bank of America Securities, Huawei, Forseven, CYVN Holdings Locations: China, Hong Kong, Shanghai, U.S, Europe, Japan, East, Central Asia, Abu Dhabi, Norway

☆ White lsland: Court orders millions in compensation for survivors of New Zealand’s deadly volcanic eruption
▼ + stars: | 2024-03-01 | by ( Chris Lau | ) edition.cnn.com time to read: +5 min

Survivors scarred by severe burns testified against various companies – including Whakaari Management Ltd, which owned the island – accusing them of failing to warn them about the risks. On Friday, Judge Evangelos Thomas found both Whakaari Management Ltd and the tour operators had failed to conduct adequate risk assessment, breaking health and safety laws with devastating consequences. The owner of the island, meanwhile, failed to make sure the operators had examined the risks properly, the judge added. An image provided by visitor Michael Schade shows White Island (Whakaari) volcano, as it erupts, in the Bay of Plenty, New Zealand, 09 December 2019. American Matthew Urey is seen in the witness box at the Whakaari or White Island, eruption trial at the Auckland Environment Court, in Auckland, New Zealand, Wednesday, July 12, 2023.

Persons: WorkSafe, Judge Evangelos Thomas, Michael Schade, Shutterstock, Andrew, Peter, James Buttle, Thomas, “, ”, Annie Lu, Matthew Urey, Jason Oxenham Organizations: CNN, NZ, Whakaari Management, Shutterstock Whakaari Management, country’s, White, Tours, Safaris Ltd, Aerius, Kahu, Ltd, Auckland Environment Court Locations: Zealand, Auckland, WorkSafe ,, White, New, Plenty , New Zealand, Australia, United States, Malaysia, Auckland , New Zealand

☆ What Elon Musk and Sam Altman Said About Each Other
▼ + stars: | 2024-03-01 | by ( Yiwen Lu | Tripp Mickle | ) www.nytimes.com time to read: 1 min

A decade ago, Elon Musk and Sam Altman bonded over a shared concern about the dangers of artificial intelligence. In 2018, Mr. Musk departed OpenAI after a power struggle with Mr. Altman. Mr. Musk later expressed dismay that the lab had turned into a for-profit company. On Thursday, Mr. Musk sued Mr. Altman and OpenAI, accusing them of breaching the founding contract between Mr. Musk and Mr. Altman by putting profits and commercial interests ahead of the public good in developing A.I. Here’s what Mr. Musk and Mr. Altman have said about each other over the years, and what they have jointly said.

Persons: Elon Musk, Sam Altman, Musk, Mr, Altman Organizations: Mr, OpenAI

☆ Xiaomi bets big on its new electric vehicle — targets 20 million premium users
▼ + stars: | 2024-02-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. Xiaomi revealed its SU7 electric car in China in late December but has yet to announce a specific price. Building on its tech capabilities as a telecommunications and smartphone company, Huawei has swiftly become a player in China's electric car market. Apple has yet to formally enter the electric car market despite reports it has been working on one. But the system is due for rollout in the coming months to appliances and the forthcoming car, Lu said.

Persons: Xiaomi, Evelyn Cheng, it's, Weibing Lu, Lu, That's, Lu Xiaomi Organizations: CNBC, Mobile, Apple, Samsung, Porsche –, Huawei, Baic Group, Xiaomi Locations: Evelyn Cheng BEIJING, China, Barcelona, Beijing, Xiaomi, Canalys

☆ Xiaomi targets 20 million premium users for its new electric vehicle, says president
▼ + stars: | 2024-02-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXiaomi targets 20 million premium users for its new electric vehicle, says presidentLu Weibing, partner and president of Xiaomi, says "we think it's a good starting point for us in the premium segment because we have already 20 million premium users in China based on the smartphone."

Persons: Lu Weibing, Xiaomi Locations: China

So The New York Times asked more than 5,300 people in the U.S. with this heritage how they describe themselves …No Box to Check: When the Census Doesn’t Reflect YouEgyptian, Iranian, Lebanese, Amazigh, Arab, American. In the 2020 census, “Lebanese” and “Egyptian” were offered as examples for the “white” box on the race question. The other categories were “Black or African American,” “American Indian or Alaska Native,” “Native Hawaiian or other Pacific Islander” and a variety of Asian ancestries. After all, there’s no agreed-upon set of countries or ethnicities that would fall under a Middle Eastern and North African category. The chart shows these responses after the MENA category was added: 69% chose “MENA,” 15% chose “MENA, White,” 3% chose “Another Race,” 5% chose “White” and 8% chose other combinations.

Persons: Brown, New York Times callout, Biden, ”, —, “, ” Martin Zebari, ” Samera Hadi, ” Imene Said Kouidri, ’ ” Faisal Ali, ” Joseph Hallock, Maya Berry, there’s, Margo J, Anderson, “ You’re, Tiffany Kindratt, ” Khelil, ‘, Dusty Haddad, “ White, Jeffrey S, ” Nadine Naber, Naber, I’m, ” Ceylan Swenson, ” Blake Bachara, ” Amin Younes, We’re, ” Rita Obeid, Barack Obama, It’s, ” Thomas Simsarian Dolan, ” Gabrielle Barbara Guliana, Christina Boufarah, I’ve, ” Michele Magar, ” Soufiane, ” Azita, Moustafa, ” Nawar Organizations: U.S ., New York Times, Arab, Israel, American Community, Management, Federal, Arab American Institute, University of Wisconsin, Census Bureau, Survey, North, Cornell University, Centers for Disease Control, Prevention, University of Texas, The Times, Times, Pew Research, University of Illinois, Bureau, West Virginian Locations: Eastern, Sudanese, Southwest, U.S, East, North Africa, United States, Michigan, Gaza, Europe, Lebanese, Alaska, American, MENA, Milwaukee, —, Arlington, America, White, University of Illinois Chicago, Chicago, Lebanon, Iran, N.Y.C, Israel, Turkey, Southwest Asia, Afghanistan, Armenia, West, I’m

CNN —Inter Miami star Lionel Messi returned to action on Wednesday in a match against Vissel Kobe in Tokyo, though Chinese fans remain upset that the star did not play in Sunday’s game in Hong Kong. “Hello to all my fans in mainland China and Hong Kong! Philip Fong/AFP/Getty ImagesDuring Wednesday’s game against Vissel Kobe, Messi was brought on for David Ruiz as a second-half substitute. Fans in Hong Kong booed and called for ticket refunds due to Messi’s non-appearance in Sunday’s game, and even the Hong Kong government shared its dismay that the forward had not taken to the field. Luis Suárez, Messi former teammate at Barcelona, was also sidelined with an injury in Hong Kong but played 75 minutes for Miami against Vissel Kobe.

Persons: Lionel Messi, “, ” Messi, Messi, Vissel Kobe, Philip Fong, David Ruiz, Luis Suárez Organizations: CNN — Inter Miami, Vissel, Weibo, Messi, Vissel Kobe, Miami, Hong, Barcelona Locations: Vissel Kobe, Tokyo, Hong Kong, China, Sichuan, Weibo, AFP, Japan

☆ Snap Shares Plummet After Fourth-Quarter Results
▼ + stars: | 2024-02-06 | by ( Yiwen Lu | More About Yiwen Lu | ) www.nytimes.com time to read: +1 min

Revenue for the three months ended Dec. 31 was $1.36 billion, up from $1.3 billion a year ago but below Wall Street projections of $1.38 billion for Snapchat’s parent company. Net losses for the fourth quarter narrowed to $248 million, from $288 million a year earlier. “2023 was a pivotal year for Snap, as we focused relentlessly on adding value to our community while evolving our business for long-term growth,” Evan Spiegel, the company’s chief executive, said in a letter to investors. On Monday, Snap laid off more than 500 workers, or about 10 percent of its global work force, part of a bigger wave of targeted cuts by tech companies this year. “While this decision was painful, and we will miss our friends and colleagues, we believe these changes are necessary to achieve our long-term goals” and manage expenses, Mr. Spiegel said in the letter.

Persons: ” Evan Spiegel, Spiegel Organizations: Revenue

☆ Snap Becomes Latest Tech Company to Cut Jobs
▼ + stars: | 2024-02-05 | by ( Yiwen Lu | More About Yiwen Lu | ) www.nytimes.com time to read: 1 min

Snap, the parent of messaging app Snapchat, on Monday said it would lay off more than 500 employees, joining other tech companies in a wave of new cost-cutting measures. The layoffs amount to 10 percent of its global work force; the majority will occur in the first quarter of 2024. “We have made the difficult decision to restructure our team,” the company said in a securities filing, adding that it would take pretax charges of $55 million to $75 million, primarily for severance and related costs. Amazon, Google and Microsoft have announced layoffs this year, following tens of thousands across the sector last year.

Persons: “ Organizations: Google, Microsoft

☆ Watch Me Lose My Job on TikTok
▼ + stars: | 2024-01-30 | by ( Yiwen Lu | ) www.nytimes.com time to read: +1 min

She was being laid off by a tech giant. The video racked up a half million views and thousands of comments within hours. “One of my resolutions for this year was to be a lot more open and honest with things I struggle with in my own life, so part of that is really showing parts of my life that may not be as glamorous,” Ms. Ade-Banjo said in an interview. As companies from the start-up Discord to Google have shed hundreds of jobs in recent weeks, some tech workers are taking to social media to share their layoff experiences, and many of these videos have gone viral. They show people crying as they talk with human resources or going through their daily routine knowing a mysterious appointment on their calendar is likely to result in their termination.

Persons: “, ” Folashade Ade, Banjo, Ade, Ms Locations: Angeles

☆ Hottest Job in Corporate America? The Executive in Charge of A.I.
▼ + stars: | 2024-01-29 | by ( Yiwen Lu | ) www.nytimes.com time to read: +1 min

In September, the Mayo Clinic in Arizona created a first-of-its-kind job at the hospital system: chief artificial intelligence officer. So executives appointed Dr. Bhavik Patel, a radiologist who specializes in A.I., to the new job. Dr. Patel has since piloted a new A.I. capabilities throughout every department, every division, every work group,” said Dr. Richard Gray, the chief executive of the Mayo Clinic in Arizona. The chief A.I.

Persons: Bhavik Patel, Patel, “ We’re, ”, Richard Gray Organizations: Mayo Clinic Locations: Arizona, Phoenix, Scottsdale, ultrasounds

☆ China is ramping up stimulus to boost market confidence — but is it enough?
▼ + stars: | 2024-01-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Starting Feb. 5, the People's Bank of China will allow banks to hold smaller cash reserves, central bank governor Pan Gongsheng said at a press conference, his first in the role. Cutting the reserve requirement ratio (RRR) by 50 basis points is set to release 1 trillion yuan ($139.8 billion) in long-term capital, the central bank said. A 2 trillion yuan boost? Chinese Premier Li Qiang on Monday called for much stronger measures to boost market stability and confidence, according to an official readout. Chinese authorities in October already announced the issuance of 1 trillion yuan in government bonds, alongside a rare increase in the deficit.

Persons: Gongsheng, Pan Gongsheng, Tao Wang, Ting Lu, a, Lu, Wang, Stocks, Winnie Wu, That's, Li Qiang, Pan, Philip Yin, David Chao, Pan's Organizations: People's Bank of China, State Administration of Foreign Exchange, Financial, Getty, Visual China, People's Bank of, UBS Investment Bank, Wednesday, National Financial Regulatory Administration, UBS, Bank of America's, Bloomberg, PBOC, Citi, U.S, Asia Pacific, CNBC Locations: BEIJING, CHINA, Beijing, China, People's Bank of China, Asia, Hong Kong, capitulating, Japan, Invesco

☆ Addressing isolation may reduce risk for obesity-related mortality, study shows
▼ + stars: | 2024-01-22 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

CNN —Treating loneliness and social isolation may put people classified as obese at a lower risk for health complications, according to a new study. Social isolation was found to be a greater risk factor for all causes of mortality, including cancer and cardiovascular disease, than depression, anxiety and lifestyle risk factors — which included alcohol, exercise and diet, according to the study. But the findings do point to improving “social isolation as a potential remedy for the reduction of mortality,” he said. “Think of maintaining a social network like any other health-promoting activity: exercising regularly, eating well, looking after yourself,” Canli said. And fatphobia can lead communities to make it harder for people with obesity to feel understood and accepted, she said.

Persons: “, ”, Lu Qi, Qi, ” Qi, Philipp Scherer, Gifford O, Touchstone Jr, Randolph G, Dallas . Scherer wasn’t, Turhan Canli, Canli, ” Canli, Rachael Benjamin, Benjamin, Benjamin said, ” Benjamin Organizations: CNN, Tulane University School of Public Health, Tropical Medicine, University of Texas Southwestern Medical School, Diabetes Research, Touchstone Diabetes, Stony Brook University Locations: New Orleans, Dallas, New York City

☆ A New York Art Debut, a Los Angeles Love Song
▼ + stars: | 2024-01-19 | by ( Siddhartha Mitter | More About Siddhartha Mitter | ) www.nytimes.com time to read: +1 min

Video — four channels projected floor-to-ceiling — is just one part of this multi-sensory experience. Completing the immersive effect, shadows projected on the rear wall evoke Los Angeles street art and sights — an Olmec head; a raven on a power line. A bespoke scent — inspired by the earth and flora of Griffith Park — wafts through the gallery. “I find L.A. beautiful and horrific, and I love trying to see it that way,” Smith said. “You can have such profound rage at the city and then be gobstopped at a giant feral bush of bougainvillea.

Persons: Meshell Ndegeocello, Kelsey Lu —, Coleman, Ebony L, Haynes, Walker, ” Smith, ” Locations: Los Angeles, Griffith

After much preparation, the 12-year-old's small scene turned into a big problem among school officials in Wheatland, Wyoming. Located on the eastern Wyoming plains, Wheatland is a small farming and ranching community with about 3,500 residents. There are few restaurants, no department stores — not even a local Walmart — and few performance venues besides Wheatland High School. "Unless you’re super closed-minded, I don’t see why you would do that.”Drama coach Stephanie Bradley, who also attended the high school, challenged the decision. “Most people in this part of Wyoming don’t come out early," Bradley said of LGBTQ+ teens on the state's rural plains.

Persons: — Oliver Baez, ” Baez, Matthew Shepard, ”, Cassie Baez, Oliver, Lu Lay, John Weigel, hadn't, belittling, Baez, ” Weigel, Robert Daniel, ” Daniel, Erica Biggs, ” Biggs, Sara Burlingame, “, ” Burlingame, Melissa Rukavina, Stephanie Bradley, Bradley Organizations: University of Wyoming, Walmart, Wheatland High School, Platte County Players, Wyoming Equality, Hate, Gay and Lesbian Fund of Colorado, Prevention Locations: WHEATLAND, Wyo, Wheatland , Wyoming, Wheatland, Wyoming, . Wyoming, South Carolina, Platte, Cheyenne

☆ Teslas crash more than gas-powered cars. Here’s why
▼ + stars: | 2024-01-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

Hertz CEO Stephen Scherr noted that the costs of repairs of an electric vehicle are also much higher. Scherr’s statements echoed findings by insurance analysts at LexisNexis who found that, when vehicle owners switch from gasoline-powered cars to electric cars, they tend to crash more. Drivers also tend to crash somewhat more when switching to gas-powered vehicles, too, but the increase is more pronounced with EVs. Mostly a Tesla thingIn both cases – with Hertz and with LexisNexis – “electric vehicles” largely means Teslas. That suggests there may be something about Teslas that’s causing people to crash more than other cars.

Persons: CNN — Hertz, Stephen Scherr, Teslas, Xiaohui Lu, Lu, Tesla, ” Organizations: CNN, Hertz, EV, LexisNexis, Drivers, Data, Tesla, BMW Locations: China, US

☆ Here's why women's sweaters are more expensive than men's sweaters
▼ + stars: | 2024-01-17 | by ( Jennifer Ortakales Dawkins | Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Women's sweaters can be more expensive than men's sweaters. Brands often add synthetic fibers to women's sweaters to make them less expensive. For example, while browsing Nordstrom's site she noticed a women's sweater and a men's sweater from the same brand priced at $170. Business Insider spoke to experts to understand why women's sweaters can be more expensive than men's sweaters. For example, men's wool sweaters had an average tariff rate of 13.6%, while women's wool sweaters had an average tariff rate of 14.9%.

Persons: —, Emily Bello, Bello, doesn't, Sheng Lu, Lu, Jennifer Ortakales Dawkins, it's, Fran Kozen, Kozen, Crew Organizations: Brands, Service, Chicago, Business, University of Delaware, US Department of Commerce, US International Trade Commission, Abercrombie, Companies, Cornell University Locations: Mexico, Canada

☆ Scientists clone second species of monkey
▼ + stars: | 2024-01-16 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —Meet Retro, a cloned rhesus monkey born on July 16, 2020. Retro is only the second species of primate that scientists have been able to clone successfully. He was not involved in the latest research but has collaborated with some members of the research team on other primate studies. However, a rhesus monkey was cloned in 1999 using what researchers consider a simpler cloning method. Cloned monkeys can be genetically engineered in complex ways that wild-type monkeys cannot; this has many implications for disease modeling.

Persons: Falong Lu, ”, Lu, haven’t, Dolly, Miguel Esteban, Esteban, ” Lu, Zhong Zhong, Hua Hua, Lluís Montoliu, wasn’t, “ Organizations: CNN, Nature Communications, State Key Laboratory, Molecular, Biology, of Genetics, Chinese Academy of Sciences, “, Guangzhou Institute of Biomedicine, Covid, National Academies of Sciences, Engineering, Medicine, Royal Society for Prevention, National Center for Biotechnology Locations: Shanghai, Beijing, Spain

They require age verification for anyone in the state who wants to create a social media account, which critics say could compromise users' data security. “We will continue to lead the nation in protecting kids against social media, and we will hold social media companies accountable for the harm that they are inflicting upon our youth,” Adams said. Since escaping, she has used social media to help girls in similar situations. The laws also create new pathways for parents to sue social media companies for causing their children harm. Federal judges have temporarily blocked Arkansas and Ohio from enforcing their state laws requiring parental consent for minors to create new social media accounts.

Persons: —, Spencer Cox, Stuart Adams, ” Adams, “, NetChoice, Lu Ann Cooper, Hannah Zoulek, ” Zoulek, Cox, Sean Reyes fends, Sen, Kirk Cullimore Organizations: LAKE CITY, Republican, Republican Gov, Rights, “, Sandy Republican Locations: Utah, Arkansas, Ohio

☆ The 'Chinese Warren Buffett' wrote a glowing tribute likening the late Charlie Munger to Buddha and Confucius
▼ + stars: | 2023-12-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Li Lu, the "Chinese Warren Buffett," penned a tribute to his late mentor Charlie Munger. Li earned Munger's acclaim after he nearly quintupled Munger's $88 million investment in his fund. AdvertisementA hedge fund manager the late Charlie Munger once called the "Chinese Warren Buffett" has penned a glowing tribute to his mentor and friend, likening Munger to "an enlightened sage." Li penned a tribute to his late mentor in a Facebook post published on Friday. AdvertisementThe feelings between Li and Munger appear to be mutual, with Munger once saying that Li would become one of Berkshire Hathaway's top investment chiefs.

Persons: Li Lu, Warren Buffett, Charlie Munger, Li, Munger, —, it's Organizations: Service, Berkshire Hathaway's, Wall Street, Business Insider Locations: Himalaya, Munger, Thailand, Charlie, China, India, Berkshire

On Nov. 18, China’s Ministry of Public Security announced that authorities in northern Myanmar had handed over some 31,000 suspects. The Kokang Self-Administered Zone and the Wa Self-Administered Division both share a border with China and are heavily influenced by their bigger neighbor. The Ming family are not the only powerful Kokang families caught up in the drive. Wa police handed 194 Chinese nationals to Chinese authorities on Nov. 28, according to Wa's state media, Voice of Wa State. Others say that China is showing it won't tolerate the scams anymore, regardless of how powerful are the people behind them.

Persons: ”, Lu Jiantang, Jason Tower, Ming, Hu Xijin, ” Hu, Wei Qingtao, they’ll, ” Wei, Liu Zhengqi, Ming Xuechang, Kokang, Yin Masan, MNDAA, cyberscammers, Richard Horsey, “, Bai Suocheng, Li Kyar Wen, It’s, Wanqing Chen Organizations: China’s Ministry of Public Security, U.S . Congress, United States Institute of Peace, Communist Party, China’s Communist Party, CCTV, Global Times, of Public Security, Fully, Wa Construction Ministry, Wa Communist Party, Brotherhood Alliance, Arakan Army, Myanmar National Democratic Alliance Army, National Liberation Army, International Crisis Locations: BANGKOK, China, Myanmar, “, Wa, Kokang, Yunnan, Wa State, Shan, Arakan, cyberscams, Beijing

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