Former English teacher Jack Ma, 54, has become a globally recognised figure through his constant travel and playful antics (Photo: AFP/JORGE SILVA) On the morning of Sep 10, China’s most famous billionaire announced plans to step down as head of the company he founded. Jack Ma revealed he would leave his role as executive chairman of Alibaba Group, the e-commerce and internet behemoth he has led for its entire 19-year existence. In a letter to the 86,000 employees of Alibaba, Ma stated that he would remain as executive chairman for a transition period of one year, at the end of which he will hand the reigns to Daniel Zhang, who has served as CEO of the firm since replacing Ma in that role three years ago. Ma also announced in the letter that he intends to continue to serve on the company’s board of directors until its annual meeting in 2020. In a heartfelt and eloquent letter characteristic of the charismatic entrepreneur, he expressed gratitude for, and confidence in, … [Read more...] about Where next, Jack Ma?
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Another lesson for greedy investorsThe Saigon Times Daily Ponzi schemes are not at all new in Vietnam, but so many people have still fallen victim to this form of fraud. The Modern Tech cryptocurrency trading scandal is still fresh in the mind of many people in HCMC. News reports in April this year put the number of victims at an estimated 3,200 investors who claimed to have lost around VND15 trillion (US$650 million). Investors were promised a monthly return of an eye-popping 48%, or nearly 600% a year, and if they successfully brought friends and family on board, they could get an additional 8% on their investments. This week, another case of similar nature made headlines in the local media. Le Minh Tam, director of the local cryptocurrency mining firm Sky Mining, has been nowhere to be found in the past week, leaving hundreds of investors in hot water. News reports put the number of victims this time at around 5,000. Each of them had to invest at least US$5,000 in a digital … [Read more...] about Another lesson for greedy investors
Zuckerberg recently replied to activists in Myanmar who have spent years pushing Facebook to do more to clamp down on hate speech. (Photo: AFP/SAUL LOEB) In a week that saw the Facebook CEO field questions in Washington over privacy breaches and election interference, angry online warriors have thrust Myanmar and its volatile social situation into the forefront of the debate on how to fix the platform. They say Facebook is used as a tool to spread incendiary posts, bringing bloodshed to the largely Buddhist country that has expelled some 700,000 Rohingya Muslims to Bangladesh since late last year. "It's not just problematic. It's dangerous and they need to take more responsibility," said Htaike Htaike Aung, executive director of MIDO, which promotes digital rights. While battling power outages from their front-room office in a Yangon suburb, they penned a letter along with five other Myanmar groups to Zuckerberg questioning his recent assertions about combatting hate speech in the … [Read more...] about Angry Myanmar activists grab Zuckerberg’s attention on hate speech
Viet Nam News by Nguyễn Quang Sáng On the 100th birth anniversary of the painter Foujita of Japan, his works become the most sought after by art fans worldwide. Based on his adventures, art connoisseurs came to the conclusion that a few of them were left in Việt Nam. From the USA, France, Australia, Canada and so many other countries, they contacted Vietnamese galleries in Hà Nội and Sài Gòn, by phone, email and letter, trying to secure the paintings at any cost, especially the one portraying a cat. Every artist has a typical work bearing the stamp of his or her talent for posterity. For Foujita, it is none other than the oil-painting of a cat. I was lucky enough to witness one of those chases. From Sài Gòn a few men took express trains while others flew to Hà Nội. In the southern megacity a lot of art hunters searched high and low for Foujita’s works in many galleries along Đồng Khởi Avenue, or in a … [Read more...] about Painter Foujita’s Cat
Selvi Murugesan spent 13 years making buttonholes for shirts and stitching on buttons for one of India's biggest clothing manufacturers "without raising her voice" but says she now risks losing her job for speaking out. For three months she has been "waging a war" against her employer for suspending her amid a broader push across India for the fashion industry to improve workers' conditions as trade unions start to play a more high-profile role. Murugesan, 35, said she protested because she did not receive her full annual bonus and her employer started deducting costs for her bus to and from work from her salary. "I didn't create any trouble in the factory in all these years," she told the Thomson Reuters Foundation in a series of conversations over the phone and in person. "When I asked for my bonus and joined a few workers in a protest outside the factory sometime in October, the managers said I was out of line and suspended me." Murugesan's employer, Chennai-based garment … [Read more...] about Indian workers clash with fashion bosses as union activity rises
The initiative, dubbed Time's Up, caps a year in which the Harvey Weinstein sexual misconduct scandal touched off a deluge of allegations that brought down powerful men in entertainment, politics and the media, prompting companies, government agencies and even the US federal court system to re-examine harassment policies.But in an open letter printed in The New York Times, the new initiative lends the star power of its A-list members to the cause of women in less prominent fields, urging support and respect for farmworkers and others whose humble positions leave them vulnerable and voiceless."We fervently urge the media covering the disclosures by people in Hollywood to spend equal time on the myriad experiences of individuals working in less glamorized and valorized trades," the group says in its full-page ad."To every woman employed in agriculture who has had to fend off unwanted sexual advances from her boss, every housekeeper who has tried to escape an assaultive guest, every … [Read more...] about Top Hollywood women launch anti-harassment initiative
On the 34th anniversary of the Great Spring Victory, we introduce to you former American military intelligence officer, Sedgwick Tourison. The former Chief Warrant Officer interrogated captured prisoners during the war and in 1993 wrote about and lobbied for the "commando spies" — Americans sent into the then North Viet Nam at the start of the 1960s. Tourison served as the chief of the analysis office that dealt with Americans listed as Missing in Indochina and as staff investigator with a Senate Select Committee. He also wrote two books, Secret Army, Secret War and Talking With Victor Charlie . by Sedgwick Tourison* In the spring of 1967 there was a source of information who said the final offensive would lead to the disintegration of the civil government and the South Vietnamese Army (of the Sai Gon Administration). Details concerning the final offensive indicated it would take place very quickly. The force of the Liberation Army would attack the Central Highlands, … [Read more...] about US veteran remembers the ultimate offensive