Chinese tech giants Tencent, Alibaba and Didi are cutting thousands of jobs this year to boost their profitability, the Wall Street Journal reported. Tencent, the gaming and social media giant, is planning to cut as much as 20% of its employees at its cloud unit, among others, while e-commerce giant Alibaba is cutting employees from divisions including one of its grocery apps, the newspaper...
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Meet The Information’s New Financial Power Brokers
Jamie Dimon won’t run JPMorgan Chase forever, and Marc Andreessen will one day give way to the next generation of investors. The Information has identified the bankers, executives and investors who could replace them by stepping into the upper echelons of the finance industry in the years to come. They are The Information’s New Financial Power Brokers: the people who will run...
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