Business Insider

Ho's stake in the newly-public company is worth nearly $70 million. Bloomberg estimates his family's fortune at $13 billion.

Meet the 29-year-old son of a casino billionaire who just took his influencer and esports company public

Xiaomi CEO Lei Jun has recently shared some interesting tidbits with the media, offering a more precise timeline for the tech giant’s automotive arm’s launch of its tri-motor SU7 Ultra. Additionally, the billionaire CEO spoke about Xiaomi Automobile’s willingness to lose money upfront to expand its portfolio to markets in Europe and become a top-five automaker in the world.

Xiaomi eyes global expansion, including Europe, to become a top five automaker someday

Axios

China's sputtering economy has become glaringly evident in financial markets in recent months: A historic bond market rally has been underway, driving the longer-term interest rates down. Beijing officials have forcefully tried to stamp it out. Why it matters: The lackluster economic backdrop makes China's safest assets, government bonds, more...

China's surprising bond boom

The Associated Press

HANGZHOU, China--(BUSINESS WIRE)--Aug 21, 2024-- As Chinese inbound tourism gains momentum with the extension of its visa-free policy to more countries and the recovery of international flights, Alipay, the leading digital payment and lifestyle platform in China, now supports 16 languages on its App, further enhancing the travel experience of international tourists exploring China. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821042872/en/ An international visitor paying with Alipay at a souvenir store in China (Photo: Business Wire)

Alipay Enhances China Travel for International Tourists with 16-Language App Upgrade

Reuters

BEIJING (Reuters) - Chinese smartphone maker Honor said on Friday it has received an undisclosed amount of investment from China Mobile's parent company, as the former Huawei unit gears up towards an initial public offering (IPO).

Chinese smartphone maker Honor gets investment from China Mobile

Despite tech conglomerate Cisco posting $10.3 billion in profits last year, it's still laying off 5,500 workers as part of an effort to invest more in AI, SFGATE reports. It joins a litany of other companies like Microsoft and Intuit, the maker of TurboTax, that have used AI as justification for the mass culling of its workforce.

Tech Company Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit

Alabama State

There's as much as a nearly 10-year difference in life expectancy between U.S. states, a new report finds. By the numbers: Hawaii (79.9 years), Massachusetts (79.6) and Connecticut (79.2) have the longest life expectancy at birth as of 2021, per a new Centers for Disease Control and Prevention analysis. Mississippi...

How long you might live based on where you're born, mapped

South Carolina State

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Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

BI's upcoming free virtual event will feature top business leaders discussing how to debut a company to the public market.

Sign up now: how businesses can kick-start their IPO journey

The Motley Fool

Arm Holdings is emerging as a top opportunity in the artificial intelligence (AI) chip realm.

When You Look Back in 10 Years, You'll Wish You'd Bought This Unstoppable Artificial Intelligence (AI) Stock

Wyoming State

WyoFile

A Campbell County single parent with one preschooler and one school-age child needs to earn more than $60,000 annually to cover basic monthly costs living in Wyoming, according to a new report on affordability in the state.

Economic self-sufficiency report underscores Wyoming workers’ struggle to make ends meet

California-based company Figure has unveiled its second-generation humanoid robot, Figure 02. This innovative creation is initially targeted at production lines in commercial settings, where it aims to streamline operations and enhance efficiency. However, Figure has ambitious plans for the future. It envisions a time when these advanced robots will serve as bipedal butlers in our homes, transforming the way we interact with technology in our daily lives.

Next-gen humanoid robot is knocking at your door

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Denver, CO

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

Disclaimer: This is a sponsored press release. Readers should conduct their own research prior to taking any actions related to the content mentioned in this article. Learn more ›. Zug, Switzerland, August 22nd, 2024, Chainwire – Indonesia’s First Government-Supported Web3 Program at Coinfest Asia 2024. Lisk, a Layer...

Lisk and Gerakan Nasional 1000 Startup Digital Unveil Ignit3

Nearly everyone in the U.S. who's ever signed up for a cellphone, streaming service or account on a website, has signed away their right to take a company to court for wrongdoing. Why it matters: Most of us never get confronted with that reality, but this week the issue rose...

Most Americans have signed away their right to take a company to court

Florida State

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Lake Panasoffkee, FL

Akeena

Catfish Johnny’s, a beloved seafood restaurant known for its fresh catches and lively atmosphere, faced a temporary shutdown following a state inspection. This popular dining destination, which has delighted locals and tourists alike for 33 years, was briefly closed after the Florida Department of Business and Professional Regulation (DBPR) flagged multiple violations.

Florida’s Favorite Seafood Spot Closed After State Inspection

AJ Capital Partners unveiled plans Monday to reposition the historic Merritt Mansion on its property in the Wedgewood-Houston neighborhood. Why it matters: AJ Capital's plan would preserve the old mansion but move it to a new foundation so the building is aligned with Brown Street. The repositioning will take place...

Historic Merritt Mansion to be repositioned onto new foundation

The Independent

 Mike Lynch was frequently described as the Bill Gates of Britain for founding Autonomy – one of the biggest software firms on the planet – in 1996.He seemed to live up to the moniker when he negotiated an 11 billion US dollar (£8.64 billion) sale of Autonomy to Silicon Valley pioneer Hewlett Packard (HP) in 2011.The deal generated a more than 800 million US dollar windfall for him, but it also kicked off a 13-year legal saga which became one of Silicon Valley’s biggest ever trials.It was only in June this year that Mr Lynch was cleared of charges...

Mike Lynch: Autonomy founder who fought to clear his name for 13 years

NewsBreak

Chinese self-driving startup WeRide postpones IPO

WeRide, a Chinese autonomous driving startup, has postponed an IPO that was seeking to raise around $110 million at a $5.7 billion market cap. Why it...

Chinese self-driving startup WeRide postpones IPO

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