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☆ Executives are spending on AI—but just 38% are actually training their workers on it
▼ + stars: | 2024-03-06 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +1 min

Workers from the entry level to to the C-suite are prioritizing the adoption of artificial intelligence at work, but leaders don't seem to be investing in the tools to help their employees learn on the job. A majority, 4 in 5 workers say they want to learn more about AI and how it can be used in their role, according to LinkedIn's latest workplace learning report. Meanwhile, just 38% of U.S. executives say they're currently helping workers become AI-literate. Nearly three-quarters of CEOs call generative AI a "top investing priority" and are spending on AI to increase profitability, innovation and security, per a recent survey conducted by KPMG. However, more than half of respondents said they're spending more money on new technology than on training current employees.

Persons: they're Organizations: KPMG

☆ Eras Tour: Singapore defends Taylor Swift’s exclusive Southeast Asia stop after neighbors cry foul
▼ + stars: | 2024-03-05 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +5 min

CNN —Singapore is drawing fans from all over Southeast Asia and beyond to Taylor Swift’s Eras Tour, much to the annoyance of the city-state’s regional neighbors. “[Our] agencies negotiated an arrangement with her to come to Singapore and perform and to make Singapore her only stop in Southeast Asia,” Lee said at a press conference in Melbourne while on a state visit to Australia. I don’t see that as being unfriendly.”“If we had not made such an arrangement, would she have come to more places in Southeast Asia? Southeast Asia fans dig deep to see SwiftThe Eras Tour is a multi-continent extravaganza that surged to become the highest-grossing tour of all time – and Swift is making Singapore a lot of money. I never really spent big like six-digit (Philippine peso) amounts for someone else, just Taylor Swift,” Suizo said.

Persons: Taylor, Swift, Joey Salceda, Lee Hsien Loong, “, ” Lee, Edward Tong, ”, Srettha Thavisin, Taylor Swift, hasn’t, Edmund Ong, Yun Liu, Errol De Asis, Gilliane, Christel Kaye Kuan, Yedda Mendoza, ” Suizo, it’s, Granada, That’s Organizations: CNN, Southeast, Singapore –, ”, Singapore, Coldplay, World Bank Locations: Singapore, Southeast Asia, Melbourne, Australia, Bangkok, Thailand, Philippines, Asia, Maybank, ASEAN, Gilliane Granada, China, Granada

☆ Taiwan wants to hire Indian workers. What’s skin color or religion got to do with it?
▼ + stars: | 2024-03-05 | by ( Diksha Madhok | Wayne Chang | ) edition.cnn.com time to read: +4 min

New Delhi/Hong Kong CNN —Taiwan has swung into damage control mode after its labor minister made controversial comments about the skin color, religion and diets of some Indians ahead of a potential drive to recruit migrant workers to the island. In a separate apology, Taiwan’s labor ministry said Hsu implied “absolutely no discriminatory connotation when she mentioned ‘similar skin color’ in the interview. CNN has reached out to India’s Ministry of External Affairs for comments. In February, Taiwan said it will hire migrant workers from India to ease its labor shortage, but did not share any other details. Taipei currently allows migrant workers from Thailand, Vietnam, Indonesia and Philippines to work in the island, according to the labor ministry.

Persons: Hsu Ming, chun, ”, ” Hsu, Hsu, Hsu’s, Taiwan’s Foxconn, ” Young Liu, ” Liu, Padma Bhushan Organizations: Hong Kong CNN, Taiwan, Yahoo, Labor, CNN, India’s Ministry, Affairs, Padma, Bloomberg Locations: New Delhi, Hong Kong, Taiwan, India’s, India, China, Bangladesh, Myanmar, Covid, “ India, Japan, South Korea, Taipei, Thailand, Vietnam, Indonesia, Philippines

☆ Brushed Gold Becomes the Finish of the Moment
▼ + stars: | 2024-03-05 | by ( Ming Liu | ) www.nytimes.com time to read: 1 min

Take a back seat, polished gold. Your shiny and reflective surface has been looking a bit too brash recently as the matte, low-key look of brushed gold has been catching everyone’s eye. At the high jewelry presentations in January in Paris, for example, Chaumet used brushed gold to great effect in Un Air de Chaumet, a collection that was an ode to lightness and movement. The Plumes d’or tiara featured a burst of brushed and textured rose gold feathers that alternated with diamond-set white gold ones, the contrast creating a play of light. The tiara could be transformed into a brooch or a head ornament, with an asymmetrically set 2.30-carat pear-shape diamond offering a figurative interpretation of a bird.

Locations: Paris

☆ To gauge a company's real culture, ask these 2 questions about 'unspoken rules' during a job interview
▼ + stars: | 2024-03-05 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

Here are her two favorite questions to ask in a job interview that will help you uncover any major red flags, and maybe a few green ones, before you accept an offer. Ask about them in your next job interview, says Christine Cruzvergara, chief education officer at Handshake. Cruzvergara's first favorite question gets down to brass tacks: What are some of the unspoken rules in this workplace? Cruzvergara learned during her job interview at Handshake that it's a "doc- and deck-heavy culture." These types of rules are rarely brought up proactively in job interviews, Cruzvergara says, but can tell you a lot about a team's communication and collaboration style.

Persons: George Mason, Christine Cruzvergara, Cruzvergara's, Cruzvergara Organizations: Wellesley, George, George Mason University, Georgetown, George Washington University

☆ Taylor Swift is making Singapore a mountain of money, and some of the country's neighbors are salty about it
▼ + stars: | 2024-03-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

Edwin Tong, Singapore's culture minister, told local outlet Mothership on February 28 that the amount of grant given "is not what is being speculated online." As Tong, the Singapore culture minister, told Mothership, the city-state is looking "beyond just the economic impact" of Swiftonimics. Economists estimate that Swift's concerts in Singapore could contribute up to 500 million Singapore dollars, or $372 million, in tourist receipts. AdvertisementIt's a different story for spending on experiences — and it's heightened because Singapore is Swift's only stop in Southeast Asia. Mann said the people who have money to pay for flight tickets, Swift's concert tickets, and a hotel are likely to keep spending at other tourist spots.

Persons: —, Taylor Swift, Srettha, Edwin Tong, Swift, it's, Yun Liu, Tong, Kevin Cheong, David Mann, Mann, Coldplay, Si Ying Toh, Cheong, Joey Salceda, Sandiaga Salahuddin Uno Organizations: Service, Business, HSBC, Asia Pacific, Mastercard, Nomura, Philippine Star, Bloomberg, Vegas Locations: Singapore, Southeast Asia, British, Thailand, Bangkok, Indonesia, Sands

☆ China might have a friendlier face now, but it's not giving up on its aggressive Wolf Warrior diplomacy, experts say
▼ + stars: | 2024-03-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +9 min

The move has also fueled speculation about the end of Wolf Warrior diplomacy. BRENDAN SMIALOWSKI/AFP via Getty ImagesChina is also aware that the shock value of Wolf Warrior diplomacy brings diminishing returns. "I think the limits of wolf warrior diplomacy are apparent," Loh said. The Wolf Warrior will be backThat said, Wolf Warrior diplomacy will return, depending on the issue at hand, said Loh. LEAH MILLIS/Getty ImagesSo why did Liu tell reporters and academics in New York that Wolf Warrior diplomacy would never return?

Persons: —, Liu Jianchao, Liu, China's, Antony Blinken, ROBERTO SCHMIDT, Ian Ja Chong, Chong, Zhao Lijian, Zhao, Rather, Stanley Rosen, Rosen, you'll, Zhao dismissively, Nancy Pelosi's, Anthony Kwan, Pan Chengxin, Donald Trump's, Pan, Dylan Loh, Xi Jinping, Biden, Xi, BRENDAN SMIALOWSKI, Loh, Qin Gang, LEAH MILLIS Organizations: Service, Communist Party's International Department, of Foreign, Business, US, AFP, Getty, National University of Singapore, Foreign Ministry, University of Southern, China Institute, U.S . House, Deakin University, Nanyang Technological University of Singapore, Getty Images, Chinese Foreign Locations: New York, China, West . China, Beijing, University of Southern California's US, Maryland, Ukraine, Weibo, Taiwan, Hong Kong, Africa, Southeast Asia, Australia, Gaza, AFP, Getty Images China, West

☆ Alibaba Cloud slashes prices by as much as 55% to fuel AI growth in China
▼ + stars: | 2024-02-29 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Alibaba 's cloud business on Thursday said it is cutting prices on a wide range of core cloud products by as much as 55%, in a bid to fuel AI growth in China. The move aims to make "cloud capabilities more inclusive and accessible in the era of AI," Alibaba Cloud said. "As the biggest cloud service provider in China and APAC, we see tremendous growth prospect of China's digital market," said Liu Weiguang, president of public cloud business at Alibaba Cloud Intelligence. "One is using cloud to support generative AI initiatives. With its massive calls on compute, storage, and networking, generative AI needs cloud to scale.

Persons: Alibaba, Liu Weiguang, Liu, OpenAI Organizations: Alibaba, Holding, Smart, Alibaba Cloud Intelligence, McKinsey Locations: Chongqing, China

☆ This 1 job interview question can help you uncover a big red flag, says ex-Goldman Sachs recruiter who's helped hire hundreds
▼ + stars: | 2024-02-29 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

She says one of her favorite questions to ask in job interviews is all about what the team looks like. And maybe most importantly, how is the hiring manager talking about the vacancy? A desperate hiring manager might not be as invested in your long-term career growth, at least not at first. A hiring manager should be able to discuss what that looks like, whether there's access to mentoring opportunities, internal courses, tuition reimbursement or other ways to nurture talent. Lastly, Howell says she keeps a pulse on her rapport with the hiring manager.

Persons: Chanelle Howell, who's, Goldman Sachs, Howell, you'll Organizations: Bridgewater Associates, CNBC Locations: New York City

☆ Crypto exchange Gemini to pay $1.1 billion back to customers
▼ + stars: | 2024-02-29 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

CNN —Gemini Trust, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, will return at least $1.1 billion to customers of its now shuttered lending program, following a settlement with a New York regulator. NYDFS has the right to “bring further action against Gemini if the company does not fulfill its obligation,” it said in the statement. In a Wednesday blog post, the crypto exchange said that due to the settlement, customers of its lending program, Gemini Earn, would receive 100% of their digital assets back in kind plus any appreciation in value. Gemini Earn marketed itself as a low-risk investment in which customers could lend crypto assets to another firm, Genesis Global Capital (GGC), while earning interest payments as high as 8%. That was when the trillion-dollar crypto market crumbled, due to the collapse of FTX, the once high-flying crypto exchange.

Persons: Cameron, Tyler Winklevoss, NYDFS, Meta’s, Mark Zuckerberg, Sam Bankman, Fried Organizations: CNN, Gemini Trust, Gemini, New York Department of Financial Services, Facebook, Genesis Global, Bankman, New, GCC, Digital Currency Group Locations: New York, FTX, Manhattan

☆ Country Garden: Troubled Chinese property developer faces liquidation petition
▼ + stars: | 2024-02-28 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Chinese property developer Country Garden, which defaulted on its debt last year, says it has received a liquidation petition from a creditor after not repaying a loan. The winding-up petition was filed by Ever Credit Limited, which had lent Country Garden a term loan facility worth 1.6 billion Hong Kong dollars ($204.5 million), the developer said in a Wednesday stock exchange filing. The news, which sent shares in the developer falling by more than 12%, comes just a month after rival property firm Evergrande was ordered to liquidate by a Hong Kong court in a landmark ruling. As for Country Garden, it said in the filing it would “vigorously” oppose the liquidation petition, which was filed at Hong Kong’s High Court on Tuesday. Formerly China’s largest homebuilder, Country Garden missed the payment on a $500 million bond as it battled a liquidity crisis.

Persons: Evergrande, “ Organizations: Hong Kong CNN, Ever Credit, Hong Kong, Hong, Garden Locations: China, Hong Kong, Evergrande

☆ Coldplay, then Taylor Swift: Concert economics are driving a tourism boom in Singapore
▼ + stars: | 2024-02-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Coldplay, Ed Sheeran, and now Taylor Swift. Singapore is eyeing concert economics as its new growth driver, which is set to add hundreds of millions of dollars in tourism receipts. Fans bought 200,000 tickets as the shows sold out within hours, breaking the city-state's record for the most tickets sold by an artist in a single day. And starting this weekend, Singapore will host American popstar Taylor Swift, whose Eras Tour in the U.S. last year was estimated to generate around $4.6 billion in consumer spending. "Taylor Swift is also widely expected to generate a sizable economic boost, given her past record," Liu added.

Persons: Coldplay, Ed Sheeran, Taylor Swift, Yun Liu, Agoda, popstar Taylor Swift, Liu Organizations: Singapore's, Coldplay's Music Locations: Singapore, ASEAN, British, Asia, Pacific, Malaysia, Indonesia, U.S

☆ The most common job-search mistake young workers make, says career counselor who's advised thousands
▼ + stars: | 2024-02-27 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Candidates who skip these stages "don't come across nearly as prepared as the candidates who have done their research." To that end, Cruzvergara says students and young professionals can focus on two types of research to prepare for job applications. Talk to your classmates and professors, read the news, tune into social media or listen to podcasts about those topics. Doing research on the micro-level, meanwhile, is understanding the basics of a specific job opening you're applying to. Make sure you go into interviews understanding the title, job description, required skills and experiences, and the company's goals.

Persons: it's, Christine Cruzvergara, Cruzvergara

Sal Khan, 31, earns $220,000 a year and lives with his parents in Houston. "I do think my relationship now has been the best with my parents than it has been before," Khan tells CNBC Make It. But that won't be the end of his living arrangement with this parents: Khan hopes to move his parents to his new home, too. The bulk of his savings are earmarked for more down payments on properties, Khan says. Sal Khan hopes that sharing his story will dispel the stigma about living with parents as an adult.

Persons: Sal Khan, Khan, Erik Mauck, that's, it's, Khan's, Nina Nguyen, Krishnan, Khan didn't Organizations: CNBC, Ohio State University, Bay Area, Costco, Gas, Wealthfront Locations: Houston, Pakistan, U.S, Bay, Chicago, Texas, California, Arizona, Florida

Analyst Mike Mayo assigned an overweight rating and $70 price target, which suggests more than 25% upside for shares. Analyst Bill Katz raised his price target by $14 to $128 on the outperform-rated company, which has seen roughly 74% share price growth over the past year. He upped his price target by $25 to $350, implying roughly 19.5% upside for the company, which will report fiscal fourth-quarter results on Wednesday. "While LT debates around monetization and competition have yet to be resolved, we think risk-reward now skews attractive given an improving cloud demand backdrop." It also raised its price target to $86 from $75, but the new forecast still implies downside of more than 13% going forward.

Persons: Morgan Stanley, HashiCorp, Wells, Mike Mayo, Mayo, — Pia Singh, TD Cowen, Cowen, Bill Katz, Katz, Jefferies, Brent Thill, Thill, Salesforce, bode, Sanjit Singh, Singh, Yifeng Liu, Fred Imbert Organizations: CNBC, HSBC, Moderna, Citigroup, Citi, Discover Financial Services, KKR, Salesforce, HSBC downgrades Moderna, Merck & Co Locations: Wells, monetization

☆ Living on $220K a year—and rooming with my parents
▼ + stars: | 2024-02-26 | by ( Raffi Paul | Jennifer Liu | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLiving on $220K a year—and rooming with my parentsSal Khan, 31, moved from California to Texas to live with his parents during the 2020 pandemic. They insisted on not charging him rent. He saw this as an opportunity to build a stronger relationship with his parents, save money and potentially purchase his own property in the future. Now, almost four years later, he has been able to save over $200,000 and has a real estate portfolio consisting of four properties across the U.S.06:32 27 minutes ago

Persons: Sal Khan Locations: California, Texas

☆ US government sues to block largest supermarket merger in history
▼ + stars: | 2024-02-26 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices for consumers. The merger, announced in 2022, sought to combine the fifth and tenth largest retailers in the country. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years. With the FTC’s blessing, Haggen, a small supermarket chain in the Northwest with just 18 locations, bought 146 of the former Albertsons and Safeway stores. She criticized the FTC’s handling of Albertsons’ deal with Safeway, pointing to it as a prime example of the limitations of divestitures.

Persons: Harris Teeter, Fred Meyer, Kroger, Rodney McMullen, Henry Liu, Piggly, Khan, Lina Khan, Haggen, ” Khan, “ Organizations: New, New York CNN, Federal Trade Commission, Kroger, Albertsons, Safeway, Vons, Bureau of Labor Statistics, FTC, Walmart, Amazon, Costco, Competition, S Wholesale Grocers, Democrats, Republicans, Capitol Locations: New York, United States, Aldi, FTC’s, Northwest

☆ FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers
▼ + stars: | 2024-02-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

"Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing, and their working conditions deteriorating." Kroger said in a statement that blocking the deal "will actually harm the very people the FTC purports to serve: America's consumers and workers." The company also pledged $500 million to reduce prices for customers and $1 billion to raise employee wages and expand benefits. Two unions that represent Kroger and Albertsons employees, the United Food and Commercial Workers International Union and the Teamsters union, opposed the deal. Higher grocery prices have irked consumers and become a hot topic on the campaign trail.

Persons: Henry Liu, Kroger, Albertsons, Biden, Joe Biden, Rodney McMullen Organizations: U.S . Federal Trade Commission, Kroger, Albertsons, FTC, Washington D.C, Walmart, Amazon, Costco, White, United Food, Commercial Workers International Union, Teamsters Locations: Arizona , California, Washington, , Illinois, Maryland , Nevada , New Mexico , Oregon, Wyoming, FTC's

☆ F.T.C. Sues to Block Kroger-Albertsons Grocery Store Deal
▼ + stars: | 2024-02-26 | by ( Julie Creswell | ) www.nytimes.com time to read: +1 min

The Federal Trade Commission on Monday sued to block Kroger, the supermarket giant, from completing its $24.6 billion acquisition of the grocery chain Albertsons, saying the deal would hurt competition in the industry. The agency said the deal, which would be the largest supermarket merger in U.S. history, would also likely result in higher prices for groceries for consumers and, with fewer supermarkets, reduce the ability for grocery-store employees to negotiate higher wages and better working conditions. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years,” Henry Liu, director of the F.T.C.’s Bureau of Competition, said in a news release. “Kroger’s acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today.”The agency’s lawsuit is the latest move by the Biden administration to take a tougher stance on mergers. In recent years it has challenged several big deals, including the drug maker Amgen’s $27.8 billion acquisition of the pharmaceutical company Horizon Therapeutics; JetBlue’s proposed $3.8 billion purchase of Spirit Airlines; and Microsoft’s $70 billion acquisition of the video game maker Activision Blizzard.

Persons: ” Henry Liu, Biden, JetBlue’s, Activision Blizzard Organizations: Federal Trade Commission, Kroger, Albertsons, Competition, Horizon Therapeutics, Spirit Airlines, Activision Locations: ’

☆ John Cena says his agency tried to talk him out of his 'Barbie' cameo because it was 'beneath him'
▼ + stars: | 2024-02-24 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

"The perspective from an agency standpoint was, 'This is beneath you,'" he told Howard Stern. Cena didn't take his agency's advice: he appears as Mermaid Ken in the blockbuster. Dua Lipa and John Cena have small roles as mermaid Barbie and Ken in "Barbie." Warner Bros."The perspective from an agency standpoint was, 'This is beneath you,' which I get that," he said. The actor, currently promoting his upcoming comedy "Ricky Stanicky," appears as Mermaid Ken with long, flowing blonde hair alongside Dua Lipa's Mermaid Barbie in several cutaway gags.

Persons: John Cena, Barbie, Howard Stern, Cena didn't, Ken, —, Margot Robbie, Ryan Gosling, America Ferrara, Simu Liu, They're, Cena, Greta Gerwig, Robbie, Margot, You'll, weren't, Ricky Stanicky Organizations: Service, Academy, Dua, Warner Bros Locations: Dua Lipa

☆ He Doubted He’d Find ‘the One.’ She Made Him a Believer.
▼ + stars: | 2024-02-23 | by ( Sadiba Hasan | ) www.nytimes.com time to read: 1 min

On his Hinge dating profile, Yuwoon Choi answered a prompt: “All I ask is that you … be open to dating someone in a wheelchair.”The prompt, in conjunction with his profession as general counsel at Samsung, caught Danni Liu’s eye when she came across his profile in May 2023. She matched with him and started a conversation, but he responded at snail’s speed. Four days after they matched, Mr. Choi, 37, asked her out on a date for the following Saturday. “He had me waiting for two weeks, basically,” Ms. Liu, 30, said. “From my experience, if someone really likes you, they want to see you sooner.”

Persons: Yuwoon Choi, Danni Liu’s, wasn’t, Choi, “, Ms, Liu, ” Organizations: Samsung

Mickey Todiwala | CNBC Make ItShe first learned about the program from her husband, who'd read about it online. Mickey Todiwala | CNBC Make ItRubia Daniels says her background in construction is helpful to envision what her final space will look like. On one recent visit to Mussomeli, Daniels brought along two fellow Californians, Alfredo Ramirez and his mother, Elena, to tour the houses. Meredith Tabbone 1-euro homeowner from ChicagoTabbone flew to see her new home for the first time in June 2019. Mussomeli, Sicily, has seen its population decline from roughly 16,000 in the 1950s to less than 10,000 today.

Persons: Rubia Daniels, Daniels, who've, Vittorio Sgarbi, Mickey Todiwala, Toti, who'd, didn't, she's, Alfredo Ramirez, Elena, Meredith Tabbone, Tabbone, Chicago Tabbone, I've, Danny McCubbin, who's, Jamie Oliver, McCubbin, Mussomeli, Prezioso, Natalie Milazzo, Milazzo, Nigrelli, Martina Giracello, Gianluca Militello, Giracello, It's, Meredith Tabbone Tabbone Organizations: CNBC, realtors, U.S Locations: Sicily, Berkeley, Calif, Italy, Salemi, Towns, Sicily's, Palermo, Belgian, Mussomeli, California, Petaluma , Calif, Sambuca, Sicilia, Chicago, United States, Australia, London, Mussomeli's, Milan, Cammarata, Caltanissetta, Europe, Africa, Airbnbs

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow much it really costs to buy a $1 home in ItalyIn the late 2010s, towns around Italy started going viral for selling off crumbling properties for 1 euro, or roughly $1.05. How much does it really cost to buy and renovate a 1-euro home in Italy? And is it worth it? CNBC Make It spoke to several Americans who have bought a 1-euro home in Sicily, Italy.

Organizations: CNBC Locations: Italy, Sicily

The files also revealed a campaign to monitor closely the activities of ethnic minorities in China and online gambling companies. The files included records of apparent correspondence between employees as well as lists of targets and materials that showed off cyberattack tools. The documents came from I-Soon, a Shanghai company with offices in Chengdu. Three cybersecurity experts interviewed by The Times said the documents appeared to be authentic. Taken together, the leaked files offered a look inside the secretive world of China’s state-backed hackers for hire.

Organizations: The Times, Ministry of State Security, United Locations: Asia, South Korea, Taiwan, Hong Kong, Malaysia, India, China, Shanghai, Chengdu

☆ US officials combing leaked documents from Chinese tech firm for clues about Chinese hacking campaigns
▼ + stars: | 2024-02-22 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +6 min

CNN —US officials have been scouring a trove of newly leaked documents from a Chinese tech firm for clues on how the government in Beijing allegedly uses the company in extensive hacking campaigns, multiple US cybersecurity officials familiar with the matter told CNN. The documents, posted anonymously online last weekend for anyone to access, include screenshots of chat logs, as well as records of employees and Chinese government clients of the tech firm I-Soon. “This is some of the best visibility we’ve had into Chinese hacking operations outside of a government SCIF,” said Adam Kozy, who used to track Chinese hackers for the FBI, using an acronym for classified facilities. In a leaked marketing presentation, I-Soon touted its participation in an unspecified hacking project for China’s Ministry of Public Security in 2018. The project “achieved significant results” and received “recognition and praise” from Chinese officials, according to a presentation slide.

Persons: Biden, ”, Adam Kozy, I’m, ” Liu Pengyu, Wu Haibo, Beijing’s, Christopher Wray, Dakota Cary, ” GitHub, “, Wu, Obama, Xi Jinping, Adam Meyers, CrowdStrike, Meyers Organizations: CNN, FBI, Embassy, Telecom, China’s Ministry of Public Security, US Justice Department, US Locations: Beijing, Taiwan, India, Hong, Sichuan, China, Washington ,, Shanghai, Dakota, Asia, South Korea, Kazakhstan, Afghanistan

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