Leaders & Founders

News and interviews with China tech's start-up leaders and founders. 
  1. Samsung Electronics, the world’s top smartphone maker, said on Monday that it has named Roh Tae-moon as its new mobile chief as part of a management shake-up.Roh, at 51, is the youngest president at Samsung. He has championed Samsung’s strategic shift to outsource more phones to Chinese and other companies, to cut costs and to better compete with cheaper Chinese rivals like Huawei, people familiar with the matter previously told Reuters.As former mobile development head, he led development of…
  2. Amazon named a new sales chief for its cloud unit amid growing rivalry with Microsoft and Alphabet’s Google.Matt Garman, a long-time Amazon Web Services (AWS) engineering executive, will now oversee the cloud unit’s sales and marketing teams, according to a memo AWS chief Andy Jassy sent to employees on Friday. Garman will report to Jassy.AWS’ previous marketing chief, Ariel Kelman, is leaving the company to “pursue another endeavour,” Jassy said in the note. He will take the top marketing post…
  3. Hong Kong residents can expect to benefit from cheaper and better banking services with the launch of more virtual banks this year, according to high-profile speakers at the Asian Financial Forum.Their comments came as it was revealed the Hong Kong Monetary Authority has hit an important milestone in its efforts to promote financial technology (fintech). Half the population of the city has now signed up to its Faster Payment System, which enables the free transfer of money between bank accounts…
  4. Household appliance giant Dyson is broadening the technology role of its Singapore research and development team as part of the plan to shift its UK headquarters to the Asian island nation.Dyson has started recruiting for “early stage research projects specifically in Singapore,” Charlie Park, Dyson's global category director for environmental care, said in an interview on Thursday.Originally run as a subsidiary of the UK parent, the Singapore operation had been “purely supporting late stage…
  5. Facebook announced limited changes on Thursday to its approach to political ads, including allowing users to turn off certain ad-targeting tools, but defied critics’ demands that it bar politicians from using its ads system to spread lies.Ahead of the US presidential election in November 2020, the world’s biggest social network has vowed to curb political manipulation of its platform.Facebook failed to counter Russian interference in the 2016 election and allowed misuse of user data by defunct…
  6. Shenzhen’s economy is set to have expanded by 7.7 per cent in 2019, with a surprising rebound in the fourth quarter helping the home of technology giants Tencent, Huawei, and DJI reverse a rapid deceleration earlier in the year to meet its target, according to the mayor of the southern Chinese city.The city’s gross domestic product (GDP) was estimated to reach over 2.6 trillion yuan (US$374 billion) in 2019, which would meet its growth target, the city’s mayor Chen Rugui told the annual local…
  7. For the first time, Tesla’s stock market value has eclipsed the combined values of General Motors and Ford Motor.The Silicon Valley electric car maker’s stock jumped nearly 5 per cent on Wednesday, closing at a record US$492.14 per share and elevating its market capitalisation to almost US$89 billion, or US$2 billion larger than the sum of General Motors’ and Ford’s respective market caps of US$50 billion and US$37 billion.Fuelled by a surprise third-quarter profit, progress at a new factory in…
  8. Elon Musk raised an online storm by dancing on stage at the launch of Tesla’s Model Y electric sports utility vehicle programme on Tuesday in its new Shanghai factory, where the company delivered its first cars built outside the United States to the public.The US$2 billion Tesla Inc factory started delivering cars in just 357 days, a record for global carmakers in China. The first 10 customers from the public received their China-made Model 3 sedans on Tuesday.Billionaire CEO Musk danced…
  9. Uber Technologies is working on a flying car with Hyundai Motor, the first carmaker to buy into Uber’s dream for a network of air taxis dotting the skies of major cities.The two companies outlined their partnership Monday at the annual Consumer Electronics Show (CES) technology conference and plan to show off a full-scale model of the vehicle this week on the trade show floor in Las Vegas. Hyundai’s aerial taxi would be able to take off and land vertically, accommodate four passengers and…
  10. Elon Musk plans to attend a ceremony to mark the first deliveries of made-in-China Tesla vehicles to customers on Tuesday, according to people familiar with the matter.Tesla, which is already churning out more than 1,000 Model 3 sedans a week at its plant on the outskirts of Shanghai, handed over a batch of cars to a select group of employees on December 30, but Tuesday marks the first deliveries to the general public. The ceremony is due to start at 3pm local time at Tesla’s first factory…