https://www.scmp.com/rss/517936/feed The latest news, analysis and opinion on PayPal. In-depth analysis, industry insights and expert opinion. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Reuters Reuters The British government was under growing pressure on Monday to bar American rapper Kanye West from entering the country after he was named as the headline act for the Wireless Festival of rap and hip-hop music set for July. West, now known as Ye, has been criticised in the past for antisemitic remarks and celebration of Nazism, which have led on several occasions to his ‌social media accounts, including on X, being barred. The decision to book Ye prompted several companies to pull their... https://www.scmp.com/news/world/europe/article/3349199/pressure-mounts-uk-government-ban-kanye-west-after-festival-backlash?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3349199/pressure-mounts-uk-government-ban-kanye-west-after-festival-backlash?utm_source=rss_feed Mon, 06 Apr 2026 23:06:53 +0000 Reuters Reuters The US Justice Department released thousands of heavily redacted documents related to the late financier and convicted sex offender Jeffrey Epstein on Friday that made scant reference to President Donald Trump but extensively featured Democratic former president Bill Clinton. The absence of references to Trump was notable given that pictures and documents related to him have trickled out of previous Epstein releases for years. Trump’s name appeared in flight manifests listing passengers on... https://www.scmp.com/news/world/united-states-canada/article/3337144/epstein-files-release-highlights-clinton-makes-scant-reference-trump?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3337144/epstein-files-release-highlights-clinton-makes-scant-reference-trump?utm_source=rss_feed Fri, 19 Dec 2025 23:48:52 +0000 Reuters Reuters Amazon.com cloud service returned to normal operations on Monday afternoon, the company said, after an internet outage that caused global turmoil among thousands of sites, including some of the web’s most popular apps like Snapchat and Reddit. Still, Amazon said some AWS services had a backlog of messages that would take a few hours to process. AWS hosts applications and computer processes for companies around the world, and the disruption knocked workers from London to Tokyo offline and halted... https://www.scmp.com/news/world/united-states-canada/article/3329687/amazons-aws-outage-disrupts-fortnite-snapchat-and-major-apps-worldwide?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3329687/amazons-aws-outage-disrupts-fortnite-snapchat-and-major-apps-worldwide?utm_source=rss_feed Mon, 20 Oct 2025 09:59:32 +0000 Bloomberg Bloomberg New Zealand will loosen its ban on foreigners buying houses, opening the door for wealthy investors to purchase luxury properties as part of a push to revive its sluggish economy. The coalition government on Monday said it would allow holders of so-called golden visas to buy houses worth at least NZ$5 million (US$3 million), carving out an exemption to restrictions that have largely kept overseas buyers out of the market since 2018. The change will not take effect until the end of the year, when... https://www.scmp.com/news/asia/australasia/article/3323874/new-zealand-opens-doors-property-market-only-rich-foreign-buyers?utm_source=rss_feed https://www.scmp.com/news/asia/australasia/article/3323874/new-zealand-opens-doors-property-market-only-rich-foreign-buyers?utm_source=rss_feed Mon, 01 Sep 2025 05:24:09 +0000 Iris Deng Iris Deng US digital payments platform PayPal is stepping up efforts to support Chinese cross-border merchants with the launch of new services in Shenzhen, tapping into booming exports from the country despite economic headwinds. PayPal’s China business recorded double-digit growth in the past year, Hannah Qiu, senior vice-president and China CEO of PayPal, said at a company event in the country’s southern tech hub on Thursday. “This is impressive growth considering the pressure and challenges facing the... https://www.scmp.com/tech/big-tech/article/3280090/paypal-courts-cross-border-merchants-shenzhen-expanded-services-china?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3280090/paypal-courts-cross-border-merchants-shenzhen-expanded-services-china?utm_source=rss_feed Thu, 26 Sep 2024 13:00:32 +0000 A war of words has erupted between the president of World Athletics and the founder of the drug-fuelled Enhanced Games, with Sebastian Coe calling the concept “b******s”. Speaking at a press conference at the World Indoor Championships in Glasgow on Thursday, the governing body president went one step further and said those taking part would be banned from the sport. “I can’t really get excited about it,” Coe said. “There’s only one message, and that is if anybody is moronic enough to officially... https://www.scmp.com/sport/other-sport/article/3253803/world-athletics-boss-coe-calls-enhanced-games-bollocks-and-its-participants-moronic-threatens-long?utm_source=rss_feed https://www.scmp.com/sport/other-sport/article/3253803/world-athletics-boss-coe-calls-enhanced-games-bollocks-and-its-participants-moronic-threatens-long?utm_source=rss_feed Fri, 01 Mar 2024 07:28:00 +0000 After decades in California, Steve Chen, the multimillionaire co-founder of YouTube, has returned to his birthplace of Taiwan with plans to harvest the island’s untapped tech talent by forging connections with Silicon Valley. Chen is putting together a project to support Taiwanese people to hatch mega-companies he says could grow quickly with Silicon Valley’s relationships, capital and know-how. He plans to launch the project, possibly in the form of a start-up incubator, in the second quarter... https://www.scmp.com/economy/china-economy/article/3252026/youtube-co-founder-steve-chen-returns-taiwan-tap-tech-talent-link-island-silicon-valley?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3252026/youtube-co-founder-steve-chen-returns-taiwan-tap-tech-talent-link-island-silicon-valley?utm_source=rss_feed Fri, 16 Feb 2024 04:00:12 +0000 A former world champion swimmer has said he will take drugs in an attempt to win US$1 million at the Enhanced Games, a sporting event backed by billionaires where doping will not only be allowed but actively encouraged. Australian James Magnussen, who won the 100-metre freestyle world title in 2011 and 2013, and retired from competitive swimming in 2019, said he would “juice to the gills” in an attempt to break the 50m freestyle world record. The brainchild of former Hong Kong resident Aron... https://www.scmp.com/sport/other-sport/article/3251622/enhanced-games-boss-says-anti-doping-rules-not-about-safety-hails-courageous-magnussen-chasing-us1?utm_source=rss_feed https://www.scmp.com/sport/other-sport/article/3251622/enhanced-games-boss-says-anti-doping-rules-not-about-safety-hails-courageous-magnussen-chasing-us1?utm_source=rss_feed Sat, 10 Feb 2024 09:30:16 +0000 Social media timelines are inundated with posts expressing sympathy for flood victims, declaring allegiance to social movements, or decrying a celebrity’s insensitive comments. For Generation Z, appearing to be doing good – not merely doing good – seems to be their defining generational experience. Critics are quick to cast this as performative posturing void of any real-world impact. But it is a grave mistake for the global humanitarian community to dismiss this generation as self-absorbed... https://www.scmp.com/comment/opinion/article/3230990/gen-z-redefining-possibilities-generosity-demanding-more-bang-their-charitable-buck?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3230990/gen-z-redefining-possibilities-generosity-demanding-more-bang-their-charitable-buck?utm_source=rss_feed Tue, 15 Aug 2023 19:30:16 +0000 Elon Musk is rebranding his Twitter platform as “X” and wants to create a super-app where users will do all their finances as well as their socialising. His inspiration is China’s WeChat, which dominates the Chinese internet with chat, payments, games and a host of other functions in its walled garden. Musk has hinted that this kind of “everything app” is his goal for the X platform but experts reckon he will struggle. The app was launched by China’s big tech behemoth Tencent Holdings in 2011 to... https://www.scmp.com/tech/big-tech/article/3229082/why-musks-x-will-struggle-become-chinese-style-super-app?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3229082/why-musks-x-will-struggle-become-chinese-style-super-app?utm_source=rss_feed Thu, 27 Jul 2023 05:00:18 +0000 Twitter’s rebrand as ‘X’ hasn’t quite gone to plan in Indonesia, where the site has been temporarily blocked because the domain was previously used by websites that posted “negative” content, Al Jazeera reported. Elon Musk announced on Sunday that the domain X.com, which he previously used for PayPal, had started redirecting users to Twitter. But according to Al Jazeera, millions of Indonesians were subsequently unable to access the social media platform due to the country’s strict rules that... https://www.scmp.com/news/asia/southeast-asia/article/3229039/elon-musks-twitter-rebrand-got-site-blocked-indonesia-where-xcom-was-once-linked-porn-gambling-says?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3229039/elon-musks-twitter-rebrand-got-site-blocked-indonesia-where-xcom-was-once-linked-porn-gambling-says?utm_source=rss_feed Wed, 26 Jul 2023 20:00:25 +0000 Elon Musk on Monday explained his decision to strip Twitter of its famous bluebird logo as a move to remake the business into a broad platform for communications and financial transactions, a target he’s described as the everything app. “This is not simply a company renaming itself, but doing the same thing,” Musk said about the apparently spontaneous move over the weekend to crowdsource a logo from fans and adopt it as Twitter’s new insignia. “The Twitter name made sense when it was just 140... https://www.scmp.com/news/world/united-states-canada/article/3228853/why-twitter-changing-its-name-ceo-elon-musk-xplains?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3228853/why-twitter-changing-its-name-ceo-elon-musk-xplains?utm_source=rss_feed Tue, 25 Jul 2023 09:20:26 +0000 He’s up. He’s down. He’s getting in. Maybe he won’t. He’s a saviour. He’s an authoritarian. Everyone, it seems, has a visceral, unnuanced view of Ron DeSantis and his presidential ambitions. After a campaign he’s effectively been running for the last two years, all is lined up for the Florida governor to take the next step, formally moving forward as a candidate for the 2024 Republican presidential nomination. Among the multiple frenzies of speculation about DeSantis is one about timing. When... https://www.scmp.com/news/world/united-states-canada/article/3219763/sun-setting-ron-desantis-he-officially-enters-2024-race-or-it-about-rise?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3219763/sun-setting-ron-desantis-he-officially-enters-2024-race-or-it-about-rise?utm_source=rss_feed Mon, 08 May 2023 07:02:19 +0000 Tech billionaire and Republican megadonor Peter Thiel, an early backer of former president Donald Trump who later broke with him, has told associates he is not planning to donate to any political candidates in 2024, according to two people close to the businessman. Thiel is unhappy with the Republican Party’s focus on hot-button US cultural issues, said one of the sources, a business associate, citing abortion and restrictions on which bathrooms transgender students can use in schools as two... https://www.scmp.com/news/world/united-states-canada/article/3218468/paypal-co-founder-republican-donor-peter-thiel-wont-fund-candidates-2024-cultural-issues-trump-us?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3218468/paypal-co-founder-republican-donor-peter-thiel-wont-fund-candidates-2024-cultural-issues-trump-us?utm_source=rss_feed Wed, 26 Apr 2023 14:00:08 +0000 Australia has joined other countries in announcing a ban on the use of TikTok on government devices, with some states and territories following suit. The rationale was based on security fears and, in particular, the risk that the video-sharing platform will be used for foreign interference operations by China. TikTok is operated by ByteDance, a company headquartered in Beijing, but incorporated in the Cayman Islands. Data is allegedly stored in the United States and Singapore. Like similar... https://www.scmp.com/week-asia/opinion/article/3217137/australia-needs-cybersecurity-overhaul-not-whack-mole-bans-apps-tiktok?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/3217137/australia-needs-cybersecurity-overhaul-not-whack-mole-bans-apps-tiktok?utm_source=rss_feed Fri, 14 Apr 2023 19:00:15 +0000 Over the years, billionaires and executives have poured millions into building their own utopias. Earlier this month, The Wall Street Journal reported that Elon Musk plans to build a town named “Snailbrook”, but he is far from the only billionaire or entrepreneur to discuss building his own kingdom of sorts. From Larry Ellison to Peter Thiel, here are 11 billionaires who have taken similar steps. 1. Elon Musk’s “Snailbrook”, “Starbase” and Mars colony Musk is planning to build his own town for... https://www.scmp.com/magazines/style/celebrity/article/3216683/11-billionaires-trying-build-their-own-utopias-elon-musks-mars-colony-and-bill-gates-smart-city?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3216683/11-billionaires-trying-build-their-own-utopias-elon-musks-mars-colony-and-bill-gates-smart-city?utm_source=rss_feed Tue, 11 Apr 2023 19:00:17 +0000 April 3 marks the 50th anniversary of the first mobile phone call in New York, a moment that revolutionised global communication. In this series, we look at how the devices have reshaped China’s economy and technology. You can read part two here. Retired businessman He Run remembers his first mobile phone was “the size of a small kettle” and worth more than a year’s salary for most Chinese. It was 1991, some 18 years after the first mobile phone call was made by Motorola engineer Martin Cooper,... https://www.scmp.com/economy/china-economy/article/3215592/how-mobile-phones-china-have-gone-status-symbol-disruptive-technology?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3215592/how-mobile-phones-china-have-gone-status-symbol-disruptive-technology?utm_source=rss_feed Sun, 02 Apr 2023 22:00:19 +0000 Alibaba Group Holding-owned Daraz Group, touted as the leading e-commerce platform in South Asia, said it will cut 11 per cent of the company’s workforce, as sweeping lay-offs in the technology sector spread to more markets. The job cuts at Pakistan-based Daraz, which was acquired by Alibaba from German firm Rocket Internet in 2018, follow a workforce reduction of more than 15,000 at its Chinese parent in the first nine months of 2022. Alibaba owns the South China Morning Post. “In the last 12... https://www.scmp.com/tech/tech-trends/article/3209514/tech-lay-offs-spread-south-asia-alibaba-owned-daraz-cuts-11-cent-workforce-amid-difficult-market?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3209514/tech-lay-offs-spread-south-asia-alibaba-owned-daraz-cuts-11-cent-workforce-amid-difficult-market?utm_source=rss_feed Wed, 08 Feb 2023 10:30:08 +0000 PayPal Holdings said it will cut 2,000 employees, as it contends with a macroeconomic slowdown that has weighed on the firm’s business in recent quarters. The cuts, which will affect about 7 per cent of the company's workforce, will take place in the coming weeks, chief executive Dan Schulman told employees in a memo. “While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do,” Schulman... https://www.scmp.com/tech/big-tech/article/3208662/paypal-cut-2000-jobs-post-pandemic-slowdown-control-costs?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3208662/paypal-cut-2000-jobs-post-pandemic-slowdown-control-costs?utm_source=rss_feed Wed, 01 Feb 2023 03:00:13 +0000 Elon Musk said there is no one willing and capable of running Twitter. But if he is good to his word and walks away from the top leadership position at the social media company he bought two months ago, a number of people are already raising their hands. Musk polled his following on Sunday night asking if he should step down, and the answer early on Monday morning by about 58 per cent of respondents was yes. The mercurial entrepreneur has been almost single-handedly running Twitter since he... https://www.scmp.com/business/companies/article/3203920/elon-musk-says-no-one-wants-top-twitter-job-which-fast-lane-bankruptcy-some-volunteer-position?utm_source=rss_feed https://www.scmp.com/business/companies/article/3203920/elon-musk-says-no-one-wants-top-twitter-job-which-fast-lane-bankruptcy-some-volunteer-position?utm_source=rss_feed Tue, 20 Dec 2022 02:04:34 +0000 Warren Buffett placed a US$4.1 billion bet on the future upside at Taiwan Semiconductor Manufacturing Company (TSMC) last quarter. Temasek Holdings cut its losses, six months after taking a shot at the world’s biggest contract chip manufacturer. The Singapore state investment firm cut all its stake in TSMC during the quarter to September 30, according to its 13F regulatory filing in New York late on Monday. The chip maker’s American depositary shares slumped last quarter to US$68.56 each on... https://www.scmp.com/business/markets/article/3199672/temasek-cuts-losses-tsmc-stake-buffett-makes-us41-billion-bet-top-chip-maker-will-come-good-sec?utm_source=rss_feed https://www.scmp.com/business/markets/article/3199672/temasek-cuts-losses-tsmc-stake-buffett-makes-us41-billion-bet-top-chip-maker-will-come-good-sec?utm_source=rss_feed Tue, 15 Nov 2022 08:03:50 +0000 Swimming in two plastic bins inside a brightly lit and sterile quarantine room at a zoo on Rhode Island in the US, 16 quarter-sized turtle hatchlings represent a growing worry for conservationists. These eastern musk turtles, known for spending much of their lives in swamps and ponds and emitting a foul smell when threatened, were confiscated recently in a wildlife bust. And, though the reptiles are common, their illegal sale on the internet greatly concerns Lou Perrotti, who directs... https://www.scmp.com/news/world/united-states-canada/article/3199147/turtles-demand-pets-leading-spike-ruthless-poaching-calls-tighter-regulation?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3199147/turtles-demand-pets-leading-spike-ruthless-poaching-calls-tighter-regulation?utm_source=rss_feed Thu, 10 Nov 2022 09:55:20 +0000 Fourteen US companies including Amazon and Visa each pledged to provide at least 500,000 digital training and education opportunities for women and girls in the Indo-Pacific region as part of a Biden administration initiative. The programme, undertaken within the broader 14-nation Indo-Pacific Economic Framework for Prosperity, is focused on Brunei, Fiji, India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. The IPEF Upskilling Initiative, which will provide 7 million training... https://www.scmp.com/news/asia/article/3191983/amazon-apple-and-google-pledge-training-women-indo-pacific-under-biden?utm_source=rss_feed https://www.scmp.com/news/asia/article/3191983/amazon-apple-and-google-pledge-training-women-indo-pacific-under-biden?utm_source=rss_feed Fri, 09 Sep 2022 10:29:44 +0000 Elon Musk, the world’s richest man, is also the most famous of his family members. But his mum, dad, siblings and ex-wife, who all share the Musk name, also quietly enjoy enormous self-made fortunes. Elon, 51, grew up in Pretoria, South Africa, with parents Errol and Maye. He’s the eldest of three children, followed by his brother Kimbal and sister Tosca. According to reports, the Musk family lived a very comfortable lifestyle, with the kids going on holidays and attending private schools... https://www.scmp.com/magazines/style/celebrity/article/3191115/who-richest-musk-family-member-after-elon-net-worths?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3191115/who-richest-musk-family-member-after-elon-net-worths?utm_source=rss_feed Fri, 02 Sep 2022 16:05:17 +0000 Facebook users reported experiencing a strange glitch on Wednesday. Instead of seeing posts from contacts and pages they follow, many users’ feeds were suddenly spammed with comments or posts on celebrity pages. Downdetector, a site used by users of various tech platforms to log outages, displayed dozens of comments from users, complaining that their Facebook feeds were being spammed with comments and posts sent to the pages of famous people. People following stars with a major following – such... https://www.scmp.com/news/world/article/3190071/did-taylor-swift-comment-your-feed-facebooks-bizarre-glitch-spammed?utm_source=rss_feed https://www.scmp.com/news/world/article/3190071/did-taylor-swift-comment-your-feed-facebooks-bizarre-glitch-spammed?utm_source=rss_feed Wed, 24 Aug 2022 15:43:17 +0000 [Sponsored article] The growth of the e-commerce sector has been nothing short of remarkable. Worldwide online retail sales are anticipated to hit more than US$5.5 trillion in 2022, with the figure expected to exceed US$7.4 trillion by 2025¹. There has been a particular uptick in customers engaging in cross-border e-commerce. Between 2016 and the end of this year, the share of the global e-commerce market held by cross-border transactions is forecasted to rise from 15 per cent to 22 per cent².... https://www.scmp.com/presented/business/topics/global-trends-e-commerce/article/3188145/changes-consumer-behaviour-mean?utm_source=rss_feed https://www.scmp.com/presented/business/topics/global-trends-e-commerce/article/3188145/changes-consumer-behaviour-mean?utm_source=rss_feed Wed, 24 Aug 2022 04:06:34 +0000 There is a “new” philosophy that is grabbing people’s attention, especially some billionaires. It’s called longtermism. Among its adherents are reportedly Elon Musk and his old PayPal co-founder Peter Thiel. No surprise there. Thiel has made no secret that he wants to live forever, or at least as long as possible. He has invested tens of millions in biotech firms that focus on longevity. If you plan on living into your hundreds, then you probably need to plan longer term. But a few hundreds of... https://www.scmp.com/comment/opinion/article/3189759/philosophical-longtermism-more-i-can-take?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3189759/philosophical-longtermism-more-i-can-take?utm_source=rss_feed Mon, 22 Aug 2022 13:00:19 +0000 Temasek Holdings’ stock bets shrank by the most in more than 17 years after taking some cash off the table and incurring steep paper losses on BlackRock, Amazon, PayPal and Airbnb. It retained most of its stakes in Alibaba Group Holding and other Chinese stocks. The Singapore state investment firm held 97 stocks valued at US$18.33 billion on June 30, according to its 13F regulatory filing with the Securities and Exchange Commission late on Monday. It listed 96 stocks worth US$23.97 billion on... https://www.scmp.com/business/markets/article/3189058/singapores-temasek-stock-bets-shrink-us56-billion-sales-price?utm_source=rss_feed https://www.scmp.com/business/markets/article/3189058/singapores-temasek-stock-bets-shrink-us56-billion-sales-price?utm_source=rss_feed Tue, 16 Aug 2022 06:48:42 +0000 On May 23, just hours before the leaders of the United States, Australia, India and Japan converged on Tokyo for a summit to discuss their shared concerns about the Indo-Pacific region, the White House released a fact sheet that in retrospect was perhaps most notable for its omission. The document listed a slew of initiatives including the launch of a Quad Investors Network described as “an independent consortium of investors” meant to make capital more accessible for critical and emerging... https://www.scmp.com/news/china/science/article/3188579/us-aids-semiconductor-industry-billionaire-backed-tech-fund?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3188579/us-aids-semiconductor-industry-billionaire-backed-tech-fund?utm_source=rss_feed Thu, 11 Aug 2022 15:00:10 +0000 China’s embrace of mobile commerce, where online retail accounts for a huge chunk of consumer spending, could help other markets in providing engaging online shopping experiences, according to a new report released by PayPal. Around 96 per cent of users in China shop online using their smartphone, outpacing other major markets by as much as 30 per cent, according to the report. The findings were part of a larger survey commissioned by PayPal looking at trends in e-commerce and cross-border... https://www.scmp.com/business/china-business/article/3188561/global-markets-can-learn-chinas-success-mobile-commerce?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3188561/global-markets-can-learn-chinas-success-mobile-commerce?utm_source=rss_feed Thu, 11 Aug 2022 12:00:24 +0000 Kimbal Musk, Elon Musk’s younger brother, was described by dad Errol as his “pride and joy” on The Kyle and Jackie O Show, while mum Maye told Vanity Fair he was “the perfect child”. But what has Elon said about his baby bro? Kimbal might sit on the board of Elon’s businesses, Tesla and SpaceX, but he is a millionaire in his own right too, with his collection of restaurants and other business ventures. And while Kimbal is undoubtedly a part of Elon’s inner circle, he is aware of his eccentric... https://www.scmp.com/magazines/style/celebrity/article/3188298/inside-elon-musk-and-kimbal-musks-relationship-worlds?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3188298/inside-elon-musk-and-kimbal-musks-relationship-worlds?utm_source=rss_feed Tue, 09 Aug 2022 16:10:17 +0000 It’s no secret that Elon Musk has a rocky relationship with his father, Errol. The world’s richest man has, in the past, referred to his dad as “evil” and a “terrible human being”. Elon grew up in South Africa and, when his parents split when he was eight years old, he opted to stay with his father, a decision he later said wasn’t a good idea. Errol, for his part, slammed the comments by his world-famous son, saying he would readily help his children wherever he could, according to Rolling... https://www.scmp.com/magazines/style/celebrity/article/3187864/mean-musk-elon-musks-dad-errol-fat-shamed-worlds-richest?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3187864/mean-musk-elon-musks-dad-errol-fat-shamed-worlds-richest?utm_source=rss_feed Fri, 05 Aug 2022 16:10:24 +0000 Hong Kong stocks climbed by the most in almost two weeks as Alibaba Group Holding rallied before its quarterly earnings report and traders looked beyond the Taiwan controversy while cross-strait tensions receded. The Hang Seng Index jumped 2.1 per cent to 20,174.04 at the close, posting the biggest increase since July 18. The Hang Seng Tech Index surged 3.2 per cent, while the Shanghai Composite Index added 0.8 per cent. Alibaba Group gained 5.2 per cent to HK$95, while its unit Alibaba Health... https://www.scmp.com/business/china-business/article/3187642/hong-kong-stocks-set-best-gain-two-weeks-alibaba-jumps?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3187642/hong-kong-stocks-set-best-gain-two-weeks-alibaba-jumps?utm_source=rss_feed Thu, 04 Aug 2022 02:33:17 +0000 Elon Musk’s wealthy hi-tech allies don’t seem too happy about receiving subpoenas from Twitter as part of the company’s legal battle with the Tesla CEO. San Francisco-based Twitter is suing Musk in Delaware in an attempt to get him to complete his US$44 billion acquisition of the social media company, a deal Musk is trying to get out of. According to a report from The Washington Post, Twitter’s legal team on Monday asked for information about a host of tech investors and entrepreneurs connected... https://www.scmp.com/tech/big-tech/article/3187527/twitter-subpoenas-elon-musks-tech-allies-some-lash-out-over-fishing?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3187527/twitter-subpoenas-elon-musks-tech-allies-some-lash-out-over-fishing?utm_source=rss_feed Wed, 03 Aug 2022 03:22:35 +0000 You’ve just landed at Hong Kong International Airport with your family – and two of the kids test positive for Covid-19. You panic. What’s going to happen? What do you do? For Tripperhead followers, the next obvious step is to message the Twitter account of Aaron Busch, the Australian stay-at-home dad who has been the go-to source for up-to-the-minute information about Hong Kong’s Covid-19 policies and restrictions through the coronavirus pandemic. Since March 2020, Busch has attended more than... https://www.scmp.com/lifestyle/health-wellness/article/3186631/sane-person-would-have-stopped-covid-19-news-tweeter-hong?utm_source=rss_feed https://www.scmp.com/lifestyle/health-wellness/article/3186631/sane-person-would-have-stopped-covid-19-news-tweeter-hong?utm_source=rss_feed Wed, 27 Jul 2022 03:16:07 +0000 A law allowing the Indonesian government to censor “problematic” online content has raised further concerns over freedom of speech in Indonesia, the world’s third-largest democracy, as global tech giants accede to authorities’ requests to avoid a total ban on their services. Indonesia’s Ministry of Communications and Information passed a law in 2020 requiring home-grown and foreign electronic service providers to register their businesses on the ministry’s Online Single Submission-Risk Based... https://www.scmp.com/week-asia/politics/article/3186278/indonesian-law-targeting-disturbing-online-posts-harms-free?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3186278/indonesian-law-targeting-disturbing-online-posts-harms-free?utm_source=rss_feed Fri, 22 Jul 2022 11:30:29 +0000 There’s no such thing as a dull day in Elon Musk’s life, it seems – he is the wealthiest man on the planet, after all. But more recently the entrepreneur has been making headlines for all the wrong reasons – from fathering secret twins with a Neuralink employee, to dropping out of his US$44 billion Twitter bid. Backtracking on the social media platform’s buyout in particular has landed him in a whole lot of financial trouble too. The 51-year-old shocked the world in April when he confirmed his... https://www.scmp.com/magazines/style/celebrity/article/3185690/elon-musks-6-biggest-moneymakers-ranked-billionaire-may?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3185690/elon-musks-6-biggest-moneymakers-ranked-billionaire-may?utm_source=rss_feed Mon, 18 Jul 2022 16:05:12 +0000 [Sponsored Article]  Come July 21, senior professionals in human resources, finance, and technology will once again gather virtually for a morning of inspiration talks, customer success stories and latest product updates from Workday, the all-in-one finance, HR and planning system for a changing world. Attendees can expect to hear from the incredible Bear Grylls, arguably the most recognisable face of adventure on the planet. Grylls is a former British Special Forces soldier, hosts the double... https://www.scmp.com/events/business/topics/scmp-conversations/article/3185512/workday-elevate-sets-convenes-exciting?utm_source=rss_feed https://www.scmp.com/events/business/topics/scmp-conversations/article/3185512/workday-elevate-sets-convenes-exciting?utm_source=rss_feed Sat, 16 Jul 2022 05:21:17 +0000 The “Made in China, sold on Amazon” community in Shenzhen is bidding farewell to the freewheeling growth of recent years as it focuses on compliance and brand building amid an ever-complex market with tighter regulations, geopolitical uncertainties, and logistics disruptions from pandemic lockdowns. For Zou Xing, sales manager at food thermometer maker Shenzhen Goldgood Instrument, business has thrived in recent years through his clients’ online stores on Amazon, but growth started to slow this... https://www.scmp.com/tech/big-tech/article/3182793/made-china-sold-amazon-community-faces-gloomy-future-amid-covid-19?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3182793/made-china-sold-amazon-community-faces-gloomy-future-amid-covid-19?utm_source=rss_feed Sat, 25 Jun 2022 23:00:22 +0000 Alexandr Wang holds the distinction of being the world’s youngest self-made billionaire at 25. His US$1 billion net worth is derived mainly from Scale AI, the start-up he co-founded in 2016. The tech platform is currently valued at US$7.3 billion. But Wang isn’t the only one who’s making waves in the tech scene. His former co-founder, Lucy Guo, is also enjoying much-deserved recognition. Forbes recently named her as one of the richest self-made women under 40, ranking second after Kylie Jenner... https://www.scmp.com/magazines/style/celebrity/article/3182367/who-lucy-guo-richest-self-made-woman-under-40-after-kylie?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3182367/who-lucy-guo-richest-self-made-woman-under-40-after-kylie?utm_source=rss_feed Mon, 20 Jun 2022 10:00:21 +0000 Elon Musk may be the most recognisable name in the Musk family, but he’s not the only to one to have started his own company. Tosca Musk, 47, is the younger sister to her two older brothers, Elon and Kimbal Musk. Like her brothers, she harnesses an entrepreneurial spirit. In 2017, Musk co-founded Passionflix alongside screenwriter Joany Kane and Hollywood producer Jina Panebianco. Kane initially had the idea of creating a streaming service centred around romance novels that catered directly to... https://www.scmp.com/magazines/style/celebrity/article/3182118/meet-elon-musks-sister-tosca-founder-netflix-style?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3182118/meet-elon-musks-sister-tosca-founder-netflix-style?utm_source=rss_feed Sat, 18 Jun 2022 17:00:18 +0000 Elon Musk, the CEO of Tesla Motors and founder of SpaceX, believes Twitter needs to be more like China’s WeChat to be successful. In a video meeting with about 8,000 Twitter employees on Thursday, Musk shared his vision for the social media platform, which he has agreed to buy for US$44 billion. The question and answer session was unusual since the deal, which was announced in April, has not yet closed and the acquisition is wobbly given the drop in the price of the Tesla shares that may finance... https://www.scmp.com/news/china/article/3182187/elon-musk-envisions-remaking-twitter-wechats-image?utm_source=rss_feed https://www.scmp.com/news/china/article/3182187/elon-musk-envisions-remaking-twitter-wechats-image?utm_source=rss_feed Fri, 17 Jun 2022 22:15:04 +0000 Alipay, the mobile and online payments service operated by Ant Group, is the most trusted brand in mainland China, according to a survey published on Wednesday by US-based global decision intelligence company Morning Consult. More than half, or 53 per cent, of consumers surveyed in China said they use Alipay daily, according to Morning Consult, which has no ties with the South China Morning Post. The survey found that the proportion of Alipay users is larger among young people, 55 per cent of... https://www.scmp.com/tech/big-tech/article/3181640/ant-groups-payment-services-platform-alipay-most-trusted-brand-china?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3181640/ant-groups-payment-services-platform-alipay-most-trusted-brand-china?utm_source=rss_feed Wed, 15 Jun 2022 09:00:19 +0000 The world’s richest man appears to have had it with this whole working-from-home business. Elon Musk, chief executive officer of Tesla weighed in on the return-to-office debate Wednesday on Twitter by elaborating on an email he apparently sent to the electric-car maker’s executive staff. Under the subject line “Remote work is no longer acceptble” [sic], Musk wrote that “anyone who wishes to do remote work must be in the office for a minimum (and I mean *minimum*) of 40 hours per week or depart... https://www.scmp.com/news/world/united-states-canada/article/3180068/musks-ultimatum-his-employees-return-office-or-work?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3180068/musks-ultimatum-his-employees-return-office-or-work?utm_source=rss_feed Wed, 01 Jun 2022 14:29:47 +0000 [Sponsored article] The past few years have witnessed a sharp rise in online retail. Buoyed by various factors – including Covid-19 lockdowns, continued technological advancements and a flourishing digital economy – global e-commerce sales soared to US$4.9 trillion in 2021, up from roughly US$3.3 trillion in 2019, and the trend shows no sign of slowing down, with this figure projected to top US$7.3 trillion by 2025¹. The boom has been particularly noticeable in Asia-Pacific, with online sales in... https://www.scmp.com/presented/business/topics/global-trends-e-commerce/article/3179364/why-online-shoppers-drop?utm_source=rss_feed https://www.scmp.com/presented/business/topics/global-trends-e-commerce/article/3179364/why-online-shoppers-drop?utm_source=rss_feed Wed, 01 Jun 2022 04:00:15 +0000 Alexandr Wang, the tech entrepreneur and CEO founder of Scale AI, has recently made global headlines for becoming the world’s youngest self-made billionaire. He is 25 years old. So who exactly is the young Asian-American billionaire and how did he make his fortune? We take a closer look. He started his company after dropping out of college Wang began studying for his BS in Mathematics and Computer Science at the Massachusetts Institute for Technology (aka MIT). In the summer after completing... https://www.scmp.com/magazines/style/tech-design/article/3179833/next-elon-musk-meet-alexandr-wang-ceo-scale-ai-and?utm_source=rss_feed https://www.scmp.com/magazines/style/tech-design/article/3179833/next-elon-musk-meet-alexandr-wang-ceo-scale-ai-and?utm_source=rss_feed Tue, 31 May 2022 06:58:46 +0000 Maye Musk might have captured the spotlight on May 2 when she attended this year’s Met Gala with son Elon Musk in New York, but the 74-year-old supermodel has been a celebrity in her own right for decades. Long before her son became the richest man in the world, Musk had already developed a prolific modelling career. She has appeared on the covers of multiple high-profile magazines, including Vogue and Time, played a role in a Beyoncé music video, and been featured in numerous advertisements for... https://www.scmp.com/lifestyle/fashion-beauty/article/3177267/who-maye-musk-elon-musks-mom-supermodel-dietitian?utm_source=rss_feed https://www.scmp.com/lifestyle/fashion-beauty/article/3177267/who-maye-musk-elon-musks-mom-supermodel-dietitian?utm_source=rss_feed Thu, 12 May 2022 20:15:16 +0000 Joyce Yip Joyce Yip The world was shocked when, in March 2021, American digital artist Beeple sold his Everydays: The First 5000 Days at a Christie’s auction for an astronomical US$69.4 million. The sum, and the fact it was the first piece of NFT art to be auctioned by a major auction house, rattled not only the traditional art industry, but also questioned the way we all collect and consume digital assets. An NFT – or non-fungible token – is an irreplaceable unit of data that’s verified on the blockchain. In an... https://www.scmp.com/magazines/style/news-trends/article/3176887/how-are-nfts-disrupting-art-market-beeples-everydays?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3176887/how-are-nfts-disrupting-art-market-beeples-everydays?utm_source=rss_feed Sun, 08 May 2022 22:00:21 +0000 Apple was hit by a formal antitrust complaint from the European Union over how it handles iPhone payment services, an area where regulators say the tech giant favours its own technology over rival platforms. The European Commission sent a so-called statement of objections alleging that Apple abuses its control over mobile wallets by limiting how third-party firms can provide services on the iPhone. The move escalates an investigation that began nearly two years ago. If confirmed, Apple could... https://www.scmp.com/tech/policy/article/3176309/apple-hit-eu-antitrust-complaint-over-iphone-payments?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3176309/apple-hit-eu-antitrust-complaint-over-iphone-payments?utm_source=rss_feed Tue, 03 May 2022 02:39:22 +0000 The biggest food delivery service in the United States is DoorDash. Co-founded in 2012 by a bright group of Stanford University students, the successful food ordering and delivery platform went public in December 2020. Today it boasts more than a 50 per cent market share and has over 6,000 employees. At the end of 2021, the company’s reported revenue earnings for that year clocked in at over US$4.8 billion. One of DoorDash’s co-founders, Tony Xu, also serves as its CEO and holds a roughly five... https://www.scmp.com/magazines/style/celebrity/article/3175218/meet-tony-xu-co-founder-and-ceo-doordash-chinese-american?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3175218/meet-tony-xu-co-founder-and-ceo-doordash-chinese-american?utm_source=rss_feed Mon, 25 Apr 2022 00:00:21 +0000