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...China Renaissance has begun a round of staff cuts, with China’s leading tech investment bank reeling from the authorities’ detention of its founder and main rainmaker Bao Fan last month....
...Bao’s connections to China’s tech sector were formed in the late 1990s when he met the founders of the country’s “tech trinity” — Alibaba’s Jack Ma, Tencent’s Pony Ma and Baidu’s Robin Li....
...Fan Yifei, a former vice-governor, was removed from office last year after being investigated for corruption....
...“It was so difficult [to build a car] — so difficult that even a giant like Apple gave up,” he told hundreds of cheering fans....
...Traditional air-cooling, which mainly uses fans and pipes, is unable to solve the problem of rising heat in AI servers, according to industry experts....
...“His fans are too.”...
...The punishments handed down to many of the alleged culprits — including Li and Fan — have not been made public....
...“A lot of limited partners invested because of Bao Fan. It’s like having HongShan [the former Sequoia China firm] without [its leader] Neil Shen.”...
...Reading was acquired in May 2017 by Dai, who made his fortune in China turning air-raid shelters into shopping centres, and his sister Xiu Li Hawken....
...Here’s more reaction to Li’s speech....
...Thank goodness then that the hamburger ring that catapulted Lebanese-Brazilian designer Nadine Ghosn to design stardom – Beyoncé and Pharrell are fans – is also available as a veggie burger....
...Like many fans of miHoYo titles, this has not deterred him from playing. “I don’t need erotic or violent content in the games,” he says. “I just enjoy the fun of the game playing.”...
...The same dynamics are at play now in south-east Asia and ByteDance knows that,” Li said....
...Suggested reads China tells big tech companies not to offer ChatGPT services (Nikkei Asia) Disappearance of dealmaker Bao Fan casts chill across China’s tech sector (FT) Sumitomo to bypass China in EV...
...Cong joined China Renaissance in 2020 and that investment firm’s founder Bao Fan has been missing since February, believed to be in state custody....
...platinum by removing some of its silver paint; only ordering Big Li to stop when it became apparent that only base metal lay beneath....
...Xi, himself a fan of the sport, has vowed to make China a football world power, with ambitions to host and win a World Cup before 2050....
...Bao Fan, chair of investment bank China Renaissance, is still missing. He is presumed to be in state custody. Chinese banks were previously safe from state crackdowns....
...As a big fan of London’s stand-up comedy, on moving to Hong Kong I decided to check out the local clubs....
...toward “chaotic” fan culture....
...US defence secretary Lloyd Austin had been hoping to meet Li Shangfu, China’s new defence minister, at the event but Beijing has rebuffed his overtures as relations are fraught — Washington hit Li with sanctions...
...Companies are eagerly looking for new markets, with slowing domestic demand,” said Fan Di, an expert on fashion supply chains and professor at Hong Kong Polytechnic University’s School of Fashion and Textiles...
...Victor Li, the elder son of Li Ka-shing and chair of CK Asset, was last month stripped of his role on the standing committee of China’s top political consultative body....
...(His wife, Li Mo-Hua, has often helped with this: “I’ve pulled off so many that my knuckles have become deformed,” she once said.)...
...Hui’s development of the Qingyuan academy aligned with the desire of Chinese president Xi Jinping — an avid football fan — to use the sport to energise the nation’s youth and to deepen its influence abroad...
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