Lifeboat Foundation

Asia’s richest man announced his intention on Friday to ship 500,000 testing kits and 1 million masks to the U.S. in an effort to combat the coronavirus pandemic.

Jack Ma’s charitable foundation and his China-based company’s foundation, the Alibaba Foundation, have also sourced and donated supplies to other countries being hit by the virus, including Japan, Korea, Italy, Iran and Spain.

Customers’ trust and their data, which is more important to a company? “As the American organizational consultant, Warren Bennis, stated: “Trust is the lubrication that makes it possible for organizations to work”, growing customers’ faith has once been the most important thing for the survival of a business. But as time goes by, it seems that a new kind of business strategy that violates the trust-first dogma has been formed, and it should be known as the “data-first” strategy since the top priority of it is to gather customers’ data…” https://bit.ly/2ZUMykT #data #privacy #trend #technology #datascience #business #businessstrategy #dataeconomy #businesstip #privacyaware #onlineprivacy #cybersecurity #cybersecuritythreats

Like it or not, customers’ data has become the new gold for today business, and consequently it’s time for all of us, both consumers and enterprises, to rethink about where’s the thin line between normal data use and data abuse. In the rest of this article, we’ll point out a few directions where people can be looking at this problem, and hopefully it can help you to obtain your own answer.

Japan’s government says it will pay up to about 80 dollars per person per day to businesses as income compensation for parents taking leave from work in response to temporary school closures that began nationwide.

The health and labor ministry on Monday revealed the details of a new subsidy system as the government strives to prevent the spread of the new coronavirus.

The ministry will pay the subsidy of up to 8,330 yen per person per day to businesses if their employees take paid leave to take care of their children due to school closures.

Hi all! I hope you’re doing well and staying healthy! As a hobby, I have begun a futurist YouTube channel. I have just uploaded a video on why I personally believe that there may be an exodus to virtual reality in the future. Please take a look at it and subscribe and like it if you enjoyed the video!

Virtual reality is oftentimes the ultimate promise of science-fiction. Leaving behind the boring real-world for an exciting world that operates outside the bounds of reality is something that is promised to us by sci-fi. But does that mean that a large number of people would be willing to do that forever? Here’s why I believe they would.

Continue reading “Why There May Be A Virtual Reality Exodus” »

The pullback will probably not be as severe as the dot-com bust in the early 2000s, when dozens of unprofitable internet firms failed. Today, venture capitalists and other investors still have large pools of money to invest. And certain types of start-ups — like those that make tech for businesses and that typically have steady sales — continue raising large sums of money.

Layoffs. Shutdowns. Uncertainty. After a decade of prosperity, many hot young companies are facing a reckoning.

Before the outbreak, China’s tech industry was already under pressure from the ongoing trade war with the US, which has seen expansion plans crimped by a tighter funding environment and macro economic slowdown. A rapid rise in the number of unemployed could pose a big challenge for the world’s second-largest economy which has seen growth rates already slow to near three-decade lows.

A growing number of Chinese tech-related companies have adopted ‘self-rescue’ plans as the coronavirus epidemic disrupts their business operations.

China’s claims of how it’s handling coronavirus recovery should be taken with more than a few grains of salt.

Even before COVID-19 became a global crisis, Chinese leaders had been criticized for their handling of the situation and lack of transparency about the disease’s progression. Things now look like they’re on the upswing, and businesses even appear to be headed back to work — but whistleblowers and local officials tell Caixan that’s just a carefully crafted ruse.

Beijing has spent much of the outbreak pushing districts to carry on business as usual, with some local governments subsidizing electricity costs and even installing mandatory productivity quotas. Zhejiang, an province east of the epicenter city of Wuhan, claimed as of Feb. 24 it had restored 98.6 percent of its pre-coronavirus work capacity.

The largest private automaker in China is getting into the satellite business. Chinese automotive giant Geely has broadened its reach to include everything from trucking, to high-speed trains, to passenger drones, to Volvo over the last decade or so. But its newest effort could tie those things all together, as Geely just announced it’s going to build its own satellite network to enable what it calls a “smart three-dimensional mobility ecosystem.”

Geely announced late Monday that it will erect a satellite production facility and testing center in the port city of Taizhou in the Zhejiang province that the Chinese giant calls home. The facility will be capable of building a “variety of different satellite models,” some of which may be for non-Geely entities.

Geely says it will start launching the satellite network as soon as the end of this year, but did not say how big it will be. Reuters reports that the company is pumping around $326 million into the project, and will eventually make 500 satellites a year.

As coronavirus outbreaks have become more threatening outside China in recent days, attention has turned to the likely damage to global output and to the possible reaction of macroeconomic policymakers. This has become urgent with the catastrophic decline in China’s PMI business surveys yesterday. The question now is whether a global recession can be avoided.

The global economy faces a demand shock focused on services and consumer spending.