After China’s crackdown on his sprawling finance and e-commerce empire, billionaire Alibaba founder Jack Ma sought to win back the government’s favor. One way was to write a letter to China’s President Xi Jinping pledging to devote his life to rural education. It’s unclear when Ma wrote the letter or what was Xi’s reaction to it, according to Reuters. Xi has made reducing income inequality one...
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For Tech CEOs, ‘Challenging’ Means Dismal

Challenging! That’s the euphemism of the moment, used by way too many tech CEOs (including Tim Cook and Sundar Pichai tonight and Mark Zuckerberg and Evan Spiegel in recent days) to describe either 2022 or the current moment or both. Translated from corporate-speak into conversational English, it means business is bad. Just how bad became clear from the December-quarter results reported...
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