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September 10, 2018, 9:55 AM
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| Saheli Roy Choudhury / CNBC: |
Alibaba announces Jack Ma will remain executive chairman for a year, and CEO Daniel Zhang will take over as chairman on September 10, 2019 — - Alibaba said on Monday that CEO Daniel Zhang will take over as chairman of the board in a year, succeeding current executive chairman Jack Ma.| Zen Soo / South China Morning Post: |
Profile of Alibaba CEO Daniel Zhang, who will succeed Jack Ma as Alibaba's chairman, and is best known for his roles as CEO of Taobao and president of Tmall.com — Among the 86,000 employees who work at Alibaba Group Holding, chief executive Daniel Zhang is not known as Daniel, or Mr. Zhang, or even boss.
More:
Axios, China Money Network, Bloomberg, Quartz, SiliconANGLE, CNBC, and VentureBeat
| Guilherme Rambo / 9to5Mac: |
Trend Micro apps including Dr. Unarchiver, the 12th most popular free app in Mac App Store, found to steal and upload sensitive info including browsing history — When you give an app access to your home directory on macOS, even if it's an app from the Mac App Store, you should think twice about doing it.
More:
Cult of Mac, The Eclectic Light Company, Inquirer, Boing Boing, SiliconANGLE, The Next Web, SlashGear, and iPhone Hacks. Tweets: @privacyis1st
| INSIDER: |
Sources: Citigroup developed Digital Asset Receipts or DARs, similar to regulated ADRs, but for crypto, where bank holds asset and issues receipt for investor — - Citigroup has created what it's calling a Digital Asset Receipt or DAR, thought to be the most direct way to invest … | Michael Grothaus / Fast Company: |
In an SEC filing, Snap says its Chief Strategy Officer, Imran Khan, will be stepping down — In an SEC filing, the company said its chief strategy officer, Imran Khan, will be stepping down. On the Form 8-K, Snap revealed: … As the filing states, Khan is apparently not leaving Snap over any disagreements with the company.
More:
TechCrunch, Bloomberg, SEC-Show, Wall Street Journal, and Reuters
Tweets: @sarahfrier, @sarahfrier, @sarahfrier, and @danprimack
| Chris O'Brien / VentureBeat: |
Evaneos, which connects tourists with a list of local travel agencies to book personalized trips, raises $81M Series D led by Partech and Level Equity — Online travel marketplace Evaneos announced it has raised $81 million in venture capital as the Paris-based company seeks to push outside Europe.
More:
Tech.eu and PE Hub Blog
| BuzzFeed News: |
How WhatsApp's popularity in India has fundamentally changed communication norms, exacerbating misinformation sharing, as many only get news through the app — In July, residents of a rural Indian town saw rumors of child kidnappers on WhatsApp. Then they beat five strangers to death.
Tweets: @arunikashyap, @buzzfeedben, @sub8u, @rmac18, @riptari, @pranavdixit, @jasonleopold, and @buzzfeednews
| CNBC: |
Survey of 1,000+ C-level execs finds the majority view lack of access to software developers as a bigger threat to success than lack of access to capital — - A majority of companies say lack of access to software developers is a bigger threat to success than lack of access to capital.
More:
Stripe, Stripe, RTÉ, PYMNTS.com, and Silicon Republic
Tweets: @martinsfp, @carlcarrie, @lopp, @edsim, and @carnage4life
| HBR.org: |
Google Fiber looks like a failure, but it changed the nature of competition in internet infrastructure and accelerated incumbent broadband investments by years — In 2010, Google rocked the $60 billion broadband industry by announcing plans to deploy fiber-based home internet service …
More:
Axios
| Conor Witt / TechCrunch: |
Profile of LendingTree, which has avoided the pitfalls plaguing the fintech industry through acquisitions and a focus on cash flow — Through acquisitions and a focus on cash flow, LendingTree has avoided the pitfalls plaguing the industry today — For all of the excitement centered around fintech … | Erin Griffith / New York Times: |
Pinterest now has 250M MAU and saw user growth of 27%, revenue growth of 50% YoY, but sources say its reserved approach has frustrated some investors, employees — SAN FRANCISCO — Ben Silbermann does not enjoy being interviewed. He isn't a fan of speaking at tech industry conferences.
Tweets: @kerrymflynn
| Christopher A. Bail / New York Times: |
Researcher, citing a study he co-authored, says that forcing Twitter users to encounter political views they disagree with can increase political polarization — On social media, encountering opposing views can make people become even more wedded to their own. — Mr. Bail is a sociologist.Sponsor Posts
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CIO challenge 6: Can we find an effective solution that also minimizes operational costs? — Welcome to the next and final installment of our CIO series! After what feels like a thousand cups of coffee …
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