Huileng Tan, Business Insider

Huileng Tan

Business Insider

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Recent:
  • Unknown
Past:
  • Business Insider
  • BusinessInsiderIndia
  • CNBC
  • SCMP News
  • NBC News
  • Wall Street Journal

Past articles by Huileng:

From a failed $20 billion joint venture to stalled projects, India's dreams of becoming a chipmaking powerhouse are off to a bad start

Taiwan's Foxconn on Monday said it's withdrawing from a $20 billion joint venture to make semiconductors with Indian conglomerate Vedanta. → Read More

Jack Ma's run-in with Beijing not only saw him disappearing for over 2 years, it also cost his companies over $850 billion

On Friday, Beijing announced a $985 million fine for Ant Group — an Alibaba affiliate — signaling an end to a years-long regulatory crackdown. → Read More

A judge rejected a couple's claim to a $3 million estate because black ink blobs on the will obscured their names

Names of the beneficiaries were obscured by black ink marks on the will — which was found in a former banker's kitchen after his death. → Read More

Threads has launched at an opportune time, but it'll be tough to outshine Twitter, analysts say

Meta's Threads has already amassed 10 million users in its first seven hours of opening to the public, per CEO Mark Zuckerberg. → Read More

Mark Zuckerberg just launched the Twitter killer Threads app and wants to get '1 billion+ people on it'

"Twitter has had the opportunity to do this but hasn't nailed it. Hopefully we will," Meta CEO Mark Zuckerberg posted on Threads. → Read More

China is restricting the export of two little-known metals crucial to the semiconductor industry. It shows Beijing still holds important chips in its tech war with the West.

Beijing's move came just days after the Netherlands restricted the sale of high-end chipmaking equipment abroad, which has angered China. → Read More

A defiant Putin renewed calls for countries to trade with Russia using local currencies in his first international appearance after the failed Wagner mutiny

The Russian President said 80% of the trade between Russia and China is now transacted in the Chinese yuan and the ruble. → Read More

China's youth unemployment is so dire that it's inspired recent college grads to post pictures of themselves sprawled on the ground in 'zombie-style' poses

Youth unemployment rates hit a record high of 20.8% in May. This means one out of five of those between 16 to 24 years old are out of work. → Read More

The top 500 richest people in the world made an average of $14 million each day in the first half of 2023 as markets rallied

Elon Musk is the top winner as his wealth jumped by $97 billion to $233 billion, per Bloomberg Billionaires Index. → Read More

The global food crisis is getting so bad that the EU now wants to reconnect a sanctioned Russian bank to the global financial system to keep the grain supply moving

The bloc is trying to secure Putin's support to extend the Black Sea grain deal, an arrangement to allow food to move out of Ukraine amid the war. → Read More

Argentina's currency crisis is so dire that it's allowing people to open bank accounts using the Chinese yuan

Argentina is facing a drastic shortage in the US dollar. The local currency peso has fallen nearly 80% against the greenback since the start of 2020. → Read More

The EU wants to skim $3 billion a year in interest from frozen Russian assets and give it to Ukraine

The EU has been mulling seizing frozen Russian assets to help rebuild Ukraine since last year, but there have been concerns about its legality. → Read More

Elon Musk wants to bring Starlink to the Indian market — but he'll have to get around India's richest tycoon first

Musk's Starlink is lobbying India's government to assign licenses for satellite services, but Ambani's Reliance wants a public auction. → Read More

Jack Ma reportedly proposed a restructure at Alibaba, and it has echoes of what's been happening at Meta

Alibaba cofounder Jack Ma retired from the company in 2019, but he was back advising the company in late May, per LatePost. → Read More

A top Russian banker says the dollar's dominance is ending — but China's yuan is gaining prominence

Kostin's assessment of the dollar's clout and the yuan's rise came amid an intense debate over de-dollarization that has raged on for the past year. → Read More

Some European banks are still making money in Russia. The EU is losing patience and pressuring them to exit the market ASAP.

The ECB official's comments followed headlines that some Western companies with businesses in Russia are still profitably operating in the country. → Read More

Apple may be diversifying supply chains away from China — but it's still relying on the country's suppliers to build the Vision Pro headset

A bill of materials for the Vision Pro mixed reality headset showed eight Chinese companies are involved in the making of Apple's Vision Pro headset. → Read More

There's something interesting happening with Amazon's product reviews — and yes, it's about AI

AI-generated product summaries could be useful in guiding customers toward newer reviews, per the CTO of Fortress Brand, an Amazon marketing agency. → Read More

Reddit users are boycotting the site for 48 hours, and Discord is perfectly positioned to pick up the slack

Over 7,000 subreddits are on a 48-hour blackout to protest the platform's new charges to developers of third-party apps. → Read More

Meet Alex Soros, the 37-year-old son of legendary investor George Soros: Once known for a highflying social life, he is now taking over a $25 billion empire.

Alex Soros having visited the Biden White House 17 times since 2021 is a core part of the anti-Semitic conspiracy theories lobbed at the Soros family. → Read More