Fund managers cast wary eye on soaring valuations of Chinese internet firms

Fund managers cast wary eye on soaring valuations of Chinese internet firms

Thursday, 27 February, 2014, 11:56am

Ray Chanray.utchan@scmp.com

Fund managers in Hong Kong have turned cautious on China’s red-hot internet sector as valuations for high-flying technology firms approach nosebleed levels. Read more of this post

Harvard’s exit strategy

Harvard’s exit strategy

Feb 21st 2014, 9:58 by R.A. | LONDON

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A RECENT Free exchange column looked at how online education might affect higher education. Elite institutions should be fine, we wrote, because they product they offer is completely different from the standardised, distance education that MOOCs offer. Unless, that is, they begin offering their own course material online at low prices, in the process breaking their business model. What is that model? Stanford economist Caroline Hoxby hasone answer: Read more of this post

lectric Car Charging Stations Powering Down; Major obstacles, including battery-charging station woes, stand in the way of China’s push to put more electric cars on the road

02.27.2014 13:31

Electric Car Charging Stations Powering Down

Major obstacles, including battery-charging station woes, stand in the way of China’s push to put more electric cars on the road Read more of this post

Taiwan’s first TV shopping company goes public today

Taiwan’s first TV shopping company goes public today

By John Liu ,The China Post
February 27, 2014, 12:03 am TWN

TAIPEI, Taiwan — Fubon Multimedia Technology is slated to be listed in the GreTai Securities Market today, becoming Taiwan’s first TV shopping company to go public. Read more of this post

How a lonely Aussie student inspired $US19 billion WhatsApp

How a lonely Aussie student inspired $US19 billion WhatsApp

February 25, 2014

David Ramli

Australia’s tyranny of distance and excessively expensive phone call charges are what transformed WhatsApp into the $US19 billion ($21 billion) company it is today, according to its co-founder and chief executive Jan Koum. Read more of this post

The Simple Thing That Makes The Happiest People In The World So Happy

FEBRUARY 26, 2014 by ERIC BARKER

The Simple Thing That Makes The Happiest People In The World So Happy

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Research has found about 9 zillion things you can do to increase happiness.

Of course, you’re probably not doing any of them. To be fair, most people don’t really do much to deliberately make their lives happier. Read more of this post

The Unlikely Tale of How ARM Came to Rule the World

The Unlikely Tale of How ARM Came to Rule the World

By Ashlee Vance February 24, 2014

This is a story about ARM Holdings (ARMH), the mobile technology company. But before it gets going, here are a few things you need to know:
1. ARM is a company made up mostly of chip engineers. They design parts of chips—such as graphics and communication bits—and they design entire chips.
2. ARM sells these designs and licenses its chip architecture to dozens of companies, including Apple (AAPL), Samsung Electronics (005930:KS), Qualcomm (QCOM), and Nvidia (NVDA). Read more of this post

The third-largest chocolate maker in the US, Russell Stover Candies, could net the controlling family more than $1 billion if they decide to sell the business

FAMILY BEHIND US CHOCOLATE GIANT CONSIDER SALE

ARTICLE | 25 FEBRUARY, 2014 09:45 AM | BY TESS DE LA MARE

The third-largest chocolate maker in the US, Russell Stover Candies, could net the controlling family more than $1 billion if they decide to sell the business.

The second-generation of the Ward family are mulling giving up the Missouri-based manufacturer of boxed chocolates, and have appointed investment bank Goldman Sachs to assess their options. Read more of this post

Visualizing 15 Years Of Acquisitions By Apple, Google, Yahoo, Amazon, And Facebook

Visualizing 15 Years Of Acquisitions By Apple, Google, Yahoo, Amazon, And Facebook

Posted yesterday by Josh Constine (@joshconstine)

You grow old, you slow down, and you die. That is, unless you can inject some fresh blood. After watching the last generation of tech giants wither or stagnate, today’s juggernauts are relying on acquisitions to keep them young and relevant. Check out the interactive infographic below to compare the size, frequency, and focus of the last 15 years of acquisitions by Apple, Amazon, Google, Yahoo, and Facebook. Read more of this post

How to win enemies and influence no one: Uber’s latest surge pricing snafu

How to win enemies and influence no one: Uber’s latest surge pricing snafu

BY CARMEL DEAMICIS 
ON FEBRUARY 26, 2014

If Uber had a foot, it would be permanently lodged in its mouth at this point.

The company has — yet again — blundered into a terrible publicity disaster, one that it brought upon itself. In case you missed the news, The Verge reported that Uber has been doing “surge price fixing.” Read more of this post

Samsonite trumps LVMH as China retail moves downmarket

Samsonite trumps LVMH as China retail moves downmarket

12:19am EST

By Clare Baldwin

HONG KONG (Reuters) – The world’s biggest luxury brands are slowing their expansion in China as more consumers shop abroad, leaving mall operators holding the bag. Read more of this post

Korea’s top court upheld a four-year jail sentence against the head of the country’s third-largest conglomerate, SK Group, for embezzling company funds

2014-02-27 10:56

Court upholds 4-yr prison term of SK Group chief for embezzlement

The nation’s top court on Thursday upheld a four-year jail sentence against the head of the country’s third-largest conglomerate, SK Group, for embezzling company funds. Read more of this post

Stroke prevention drug found to slow mild dementia

Stroke prevention drug found to slow mild dementia

KYODO

FEB 27, 2014

OSAKA – Researchers have found that a drug used in the prevention of strokes, cilostazol, is effective in slowing the progression of mild dementia, according to a study published Thursday in the U.S. online science journal Plos One. Read more of this post

Many big US corporations pay very little in taxes

Updated: Wednesday February 26, 2014 MYT 12:50:30 PM

Many big US corporations pay very little in taxes

NEW YORK: Many of the most profitable U.S. corporations paid little or no federal income tax from 2008 to 2012, according to a five-year study issued on Tuesday by a left-leaning tax activist group. Read more of this post

How Lego took to anthropology: ‘The Moment of Clarity, Using the human sciences to solve your toughest business problem

February 26, 2014 3:24 pm

How Lego took to anthropology

By Andrew Jack

‘The Moment of Clarity, Using the human sciences to solve your toughest business problems’, by Christian Madsbjerg and Mikkel Rasmussen,Harvard Business Review Press $28; £18.99

A decade ago, Lego’s plastic brick empire was starting to crumble. Half a century after patenting its click-fit system, the Danish toy company reported heavy losses and gave a sign of the depth of its troubles: the grandson of the founder relinquished his place as chief executive to a McKinsey consultant. Read more of this post

Beware the lure of go-go growth stocks; Rewards for successful investors are high, but hard to reach

February 26, 2014 5:02 pm

Beware the lure of go-go growth stocks

By John Authers

Rewards for successful investors are high, but hard to reach

US stocks’ long rally has lasted almost exactly five years. The S&P 500 has again hit all-time highs this week. Even the Nasdaq index is showing signs that it might be able to regain its high from 2000. Read more of this post

Hedge funds should not be the only activist investors

Last updated: February 26, 2014 7:08 pm

Hedge funds should not be the only activist investors

By John Gapper

The danger is that directors talk to the loudest voices but spurn contact with anyone else

At 78, Carl Icahn shows little sign of retiring, or of becoming more polite. After finally prodding Forest Labs into a $25bn takeover by Actavis, he renewed his attack on eBay this week, accusing John Donahoe, its chief executive, of being “completely asleep or, even worse, either naive or wilfully blind”. Read more of this post

China pollution: Trouble in the air; Roused by public protests and air-quality tweets from the US embassy, China has vowed to challenge its growth model

February 26, 2014 7:27 pm

China pollution: Trouble in the air

By Lucy Hornby

Roused by public protests and air-quality tweets from the US embassy, China has vowed to challenge its growth model

“440. Hazardous. Health alert: everyone may experience more serious health effects, please avoid physical exertion and outdoor activities.” 
Tweet from US embassy air pollution monitor, Beijing, Tuesday Feb 25 2014 Read more of this post

Thai Builders Face Tough Times as Crisis Drags On

Thai Builders Face Tough Times as Crisis Drags On

By Khettiya Jittapong on 9:44 pm February 26, 2014.

Bangkok. Political unrest and an over-supplied $20 billion real estate market in Thailand are the latest challenges threatening developers who are canceling new launches in the hopes of staving off a bubble. Read more of this post

Alison Chung’s gift for numbers has helped her build a consulting firm that specializes in computer forensics

FEBRUARY 26, 2014, 7:00 AM  11 Comments

‘I Have Been Told That I’m Different’

By COLLEEN DEBAISE

Alison Chung of Chicago is not wired like most people. This can present challenges socially, but from a business perspective it’s her competitive advantage as the owner of a consulting firm that is essentially a digital detective agency. Read more of this post

Cash crises, political grudge matches, suicide. None of it stopped David Walentas from forging a 10-digit fortune by creating an entire neighbourhood in New York’s underdog borough. And he’s about to do it all again

Brooklyn’s Billionaire Is Betting On The Borough, Again

by Caleb Melby | Feb 27, 2014

Cash crises, political grudge matches, suicide. None of it stopped David Walentas from forging a 10-digit fortune by creating an entire neighbourhood in New York’s underdog borough. And he’s about to do it all again
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Read more of this post

“Any definition of a successful life must include service to others.” Finding One’s Way on the Entrepreneurial Path

Finding One’s Way on the Entrepreneurial Path

by Michael Freedman | Feb 24, 2014

What are the characteristics of an entrepreneur? What are the risks? H. Irving Grousbeck explains

For nearly 30 years at Stanford, and for several more at Harvard, H. Irving Grousbeck has taught and counseled countless women and men as they moved along the entrepreneurial path. After graduating from Harvard’s MBA program, he cofounded Continental Cablevision (later Media One) in 1964, and has since served on numerous for-profit and not-for-profit boards. He is currently a principal owner of the Boston Celtics. He was founding co-director (with Charles Holloway) of the Center for Entrepreneurial Studies in 1996, and recently stepped down from that position while continuing to teach. Last year, he discussed the traits of successful entrepreneurs, and how they might think about the many challenges that they and others put in front of them.  Read more of this post

South Korea Reform Plan Resembles Japan’s Abenomics

February 27, 2014, 12:07 PM

South Korea Reform Plan Resembles Japan’s Abenomics

By Michael S. Arnold

In its swift rise out of poverty over the past half-century, South Korea borrowed heavily from Japan’s post-World War II playbook, riding the strength of huge and diversified conglomerates to become a leading exporter of cars, ships, steel and electronics. Read more of this post

Asia Is Finding Ways to Cope With Tapering

Asia Is Finding Ways to Cope With Tapering

Old financing models were growing less viable anyway. Fortunately change is afoot.

DAVID MORTON

Feb. 26, 2014 11:28 a.m. ET

The past seven months have seen several moments of market turmoil in Asia, with investors worrying about the potential for destabilizing capital flight out of the region as central bankers in the U.S. wind down quantitative easing and interest rates start returning to normal. While monetary tapering will have an effect on Asia, that effect has been exaggerated—not least because the region’s financial markets are evolving in ways that make them far more resilient in the face of developments elsewhere. Read more of this post

In Two-Child China, a New Dilemma

Feb 26, 2014

In Two-Child China, a New Dilemma

Beijing recently became the fifth region in China to official implement a long-awaitedloosening of the country’s family planning rules, announcing last week that resident couples will now be allowed to have two children if one of the parents is an only child. Read more of this post

Shanghai Bans Taxi Apps During Rush Hour

Feb 26, 2014

Shanghai Bans Taxi Apps During Rush Hour

COLUM MURPHY

Taxi-hailing apps just got a little less useful in Shanghai.

The city on late Wednesday announced new rules to curb the use of such apps at peak times. The Shanghai Municipal Transport and Port Authority said in a notice on its website that such apps will be banned during rush hour, defined as between 7:30 and 9:30 a.m. and 4:30 to 6:30 p.m. Read more of this post

Singles in Japan are suing saying they invested in love when buying property

Singles in Japan are suing saying they invested in love when buying property

15 HOURS AGO FEBRUARY 27, 2014 1:34AM

A GROUP of singletons in Japan who claim they were tricked into buying apartments by real estate agents feigning a romantic interest in them have launched legal action.

Two men and 10 women, all aged in their 30s or early 40s, filed a lawsuit on Wednesday against 14 firms, including real estate agencies and loan companies, demanding a total of 200 million yen ($1.95 million) in compensation. Read more of this post

How the Option to Do Nothing Can Help You Get Things Done; “To increase persistence, one should directly vet their chosen path against the no-choice option of doing nothing.”

How the Option to Do Nothing Can Help You Get Things Done

Feb 26, 2014

As makers of our own destiny, we like to think that our choices are endless. And if we stay on track, we believe we should accomplish our goals. However, the way we frame our choices can make a huge impact on how persistent we are on our chosen path. Read more of this post

Why Some Innovation Tournaments Succeed and Others Fail

Why Some Innovation Tournaments Succeed and Others Fail

Feb 20, 2014

A few years ago, Penn Medicine — the umbrella group that includes the University of Pennsylvania’s Perelman School of Medicine and the University’s Health System — set out to improve its patient satisfaction rates. Like many health care organizations, Penn Medicine’s senior managers and clinicians were typically in charge of thinking up new ideas. But for this particular challenge, a top-down approach wouldn’t work. The hospital needed fresh thinking from the front lines –including doctors, nurses, clerical staff and transporters, who had an intimate understanding of patients’ experiences. Read more of this post

Overworked nurses linked to higher death rates

Overworked nurses linked to higher death rates

POSTED: 26 Feb 2014 08:09
Investigations in nine European countries have given statistical backing to claims that patients’ lives may be at risk when nurses are overworked

PARIS: Investigations in nine European countries have given statistical backing to claims that patients’ lives may be at risk when nurses are overworked, specialists said on Wednesday. Read more of this post