Beijing’s tech crackdown could imperil the innovation that brought modern finance to underserved people — but also led to concerns about reckless lending and borrowing.
Tag: Entrepreneurship
For China’s Business Elites, Staying Out of Politics Is No Longer an Option
The fallout from Beijing’s crackdown on the ride-hailing app Didi has ensnared even those who made it a point to not mix business with politics.
How China’s Tencent Avoided an Antitrust Push, For Now.
Tencent’s popularity may help it avoid trouble with Beijing. But its vast power could still squelch innovation in the world’s largest online market.
Jack Ma Shows Why China’s Tycoons Keep Quiet
High-profile business leaders have been detained, sidelined or silenced as the Communist Party moves forcefully to keep companies in line. Today, the best strategy is to lie low.
Clubhouse, a Tiny Audio Chat App, Breaks Through
The 11-month-old app has exploded in popularity, even as it grapples with harassment, misinformation and privacy issues.
Clubhouse, a Tiny Audio Chat App, Breaks Through
The 11-month-old app has exploded in popularity, even as it grapples with harassment, misinformation and privacy issues.
Gordon ‘Butch’ Stewart, Founder of Sandals Resorts, Dies at 79
Mr. Stewart turned a rundown beach hotel in Montego Bay, in his native Jamaica, into the flagship of a chain of luxury resorts.
‘It’s Like Falling in Love’: Israeli Entrepreneurs Welcomed in Dubai
A high-profile delegation of Israeli innovators visited the United Arab Emirates soon after moves to normalize relations.
Ren Zhiqiang, a Chinese Tycoon, Denounced Xi Jinping. Now He Faces Prosecution
The party accused Ren Zhiqiang, an influential property tycoon who criticized Xi Jinping, of being disloyal, took aim at his children and paved the way for criminal prosecution.
Microloans, Seen as Salvation for Poor Women, Trap Many in Debt
In Jordan, an unregulated microloan industry offers easy money. But with no way to repay loans, many women end up buried in debt, or in prison.