China’s regulators have ordered the country’s six major tech companies to step up their oversight of an increasingly popular e-commerce purchasing model that has powered the rapid growth of online grocery services. China’s State Administration for Market Regulation, a business standards regulator, said on its website that it summoned Alibaba, Tencent, JD.com, Meituan, Pinduoduo and Didi...
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Stop Paying People So Much
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be. What teams don’t reflect on sufficiently is how a flawed compensation philosophy can make those trade-offs far more painful than they could be. As a former entrepreneur, I know that every venture relies on the exceptional efforts of supermotivated professionals,...
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