Some companies take better care of their staff than others. Businesses that focus on creating a positive work environment stand to benefit in the end by retaining skilled workers. The latest Forbes list of the world’s best employers for this year highlights some of these companies. Below is a look at the top 10. Increasing … Read more
The Nigeria Pavilion at the 60th Venice Biennale, an ongoing international contemporary art exhibition from April to November 2024, has attracted significant attention from prominent visitors across various sectors. The Venice Biennale is one of the world’s most prestigious art exhibitions, held every two years in Venice, Italy. It draws artists, curators, and enthusiasts from … Read more
ByteDance-owned international short video-platform TikTok has reported total revenue of US$4.6 billion in 2023, an increase of nearly 75 per cent from a year earlier, in markets excluding the United States, Asia and Oceania. TikTok, which has more than 1 billion users worldwide, attributed that rise to “the continued growth of [its] user base”, “enhanced … Read more
A young driver had a bit of a nightmare on a wet road recently, spinning their car and crashing into a barrier while driving. That wouldn’t normally make the news, but this time the driver was using their phone and streaming the whole thing online when they crashed their custom McLaren supercar into a highway … Read more
A co-founder of Chinese food delivery giant Meituan sold 2 million of his Hong Kong-listed shares in the company on Monday, cashing out about HK$344 million (US$44.3 million) amid a recent rally in Chinese stocks. Mu Rongjun, an executive director and senior vice-president at the Beijing-based on-demand delivery firm, sold the shares at a price … Read more
Shares of WuXi AppTec and WuXi Biologics surged in Hong Kong on Friday, following a report that the two firms are looking to divest some of their operations in the wake of new United States legislation targeting Chinese biotech companies. WuXi AppTec’s shares closed up almost 12 per cent to HK$67.10 on Friday, while shares … Read more
Meituan, China’s largest on-demand local services provider, said its 7.45 million delivery workers drew 80 billion yuan (US$11.3 billion) in total income from the platform last year, company co-founder and chief executive Wang Xing said in an internal letter on Tuesday. About 4.5 million of those delivery workers are also covered with insurance for occupational … Read more
According to the most recent data from Statista, women own one-third of the world’s private wealth. However, this data also highlights the persistent income inequality in society, as women comprised just 12.5 per cent of the 3,194 billionaires in the world in 2022. While many of these women inherited their wealth from parents or deceased … Read more
According to the Forbes Real Time Billionaires website, South Africa-born Elon Musk remains the richest person in the world. The 52-year-old Tesla CEO and X owner took over the top spot from Bernard Arnault last month – and has seen his gap grow atop the list. Musk boasts a net worth of $212.5 billion at the time … Read more
Shen, 56, retired from that role owing to “other business commitments”, and there is no disagreement between him and the Beijing-based company’s board, according to Meituan’s filing to the Hong Kong stock exchange on June 14. Known as China’s venture capital “godfather” for his investments in some of the country’s most successful internet companies, Shen … Read more
