Wang Ning, founder of toy maker Pop Mart International Group, has become richer than Alibaba cofounder Jack Ma thanks to the global mania for the company’s Labubu dolls. The 38-year-old chairman and CEO, the youngest of the ten richest billionaires in China, has amassed a fortune of $27.5 billion largely based on a company stake, according to Forbes estimates. He ranks eighth, ahead of Jack Ma ($26.7 billion) and chipmaker Cambricon Technologies cofounder Chen Tianshi ($25.1 billion), according to the Real-Time Billionaires List. Pop Mart’s Hong Kong-listed shares have soared over 250% this year, giving the toy maker a market…

Yesterday was Wordle Wednesday and I gave you this little brain-teaser to solve before solving the daily Wordle. Below, I’ll provide the answer. Magic Rope Brain-Teaser: An ancient alchemist once sought to test his most promising apprentice. One evening, he set two strange ropes upon the table in his dimly…

The US government is aiming to take an equity stake in Intel in exchange for grants the company was already committed to receive under the Biden era CHIPS Act, according to comments US commerce secretary Howard Lutnick made in an interview with CNBC. The move is part of the government’s…

All sharks and rays reproduce internally, which means males and females must “do the deed” in order to make shark pups a reality. The shark mating we’ve seen is not vanilla in a sense; in fact, this intimate process often leaves its mark in the form of bite wounds for…

Even the most successful people tend to look back with some regrets.When it comes to starting a business, entrepreneurs face countless tasks and decisions: from coming up with an idea to conducting market research, creating a business plan and pitch, gathering user feedback, maintaining positive cash flow and so much…

After three decades in capital markets and entrepreneurial ventures, I’ve learned one hard truth: Most founders wait too long to think about their exit. They’re focused on growing the business, product-market fit, hiring the right people or raising their next round, and understandably so. But here’s the reality: The companies…

Economists at Stanford University have found the strongest evidence yet that artificial intelligence is starting to eliminate certain jobs. But the story isn’t that simple: While younger workers are being replaced by AI in some industries, more experienced workers are seeing new opportunities emerge.Erik Brynjolfsson, a professor at Stanford University,…

A 515-mile-long lightning flash from Texas to Missouri in 2017 has been named the world’s longest electrical bolt thanks to U.S. satellite imagery displacing a past record-holder as climate change ushers in more extreme weather. Only recently review of a National Oceanic and Atmospheric Administration image from its GOES-16 satellite…

If you ask a large language model (LLM) like ChatGPT or Google Gemini to solve your customers’ pain points, it will give you an answer based on the easiest-to-verify information. That often includes published articles, consistent founder commentaries, structured product pages and other third-party references. If those answers do not…

As artificial intelligence reshapes our world, we find ourselves in a curious conundrum. The same technology that promises to solve our most complex global challenges also threatens to disconnect us further from our essential human nature, and the home that we call planet earth. Being alive today is a gigantic…

Poor pricing always comes with a profit margin, whatever the category or product you have. In 2024, returns in ecommerce reached $743 billion, almost 15% of all retail sales in the US. A significant part of these returns would not have happened if priced right.Such errors are not only responsible…

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