Jack Ma, China’s richest man, stepped down as chairman of the Alibaba Group on Tuesday, the small e-commerce site he built with 17 other people in 1999 which has since become the diverse $460 billion tech empire it is today.
The grand farewell party, which coincided with the tech entrepreneur’s 55th birthday and Alibaba’s 20th anniversary, hosted more than 60,000 employees at the Olympic Sports Center in Hangzhou, the company’s home city in eastern China’s Zhejiang province.
A Chinese grandfather was shocked to discover that his 11-year-old grandson spent his entire retirement savings on tips for livestreamers.
Identified only by his surname Li, the pensioner from Sichuan found that 40,000 yuan ($5,965) disappeared from his bank account after trying to withdraw his money at a bank in Dujiangyan on January 28.
An insurance company in Singapore released a thought-provoking ad that has touched many netizens hearts online.
With an eye-catching thumbnail stating “The World’s Parents in The World,” the video produced by NTUC Income in partnership with BBH Singapore may be accused of click-baiting but many have found that it is actually a hook worth sinking into.