Chinese tech giants look preempt regulators with business changes

In this photo illustration the Chinese technology firm Tencent logo seen on an Android mobile device with People’s Republic of China flag in the background.

Budrul Chukrut | SOPA Images | LightRocket | Getty Images

GUANGZHOU, China — Chinese technology giants are looking to make changes to their business models and working practices in order to preempt moves by regulators as authorities crackdown on the once free-wheeling sector.

In the past year, regulators have introduced new rules in areas from anti-monopoly for internet companies to data security, targeting large tech firms.

And punishment has come swiftly. Ant Group’s record-breaking initial public offering was pulled by regulators in November, while Alibaba was slapped with a $2.8 billion fine as a result of an anti-monopoly probe.

Ride-hailing giant Didi meanwhile, became the subject of a cybersecurity review days after its massive U.S. IPO. And China’s top cyberspace regulator ordered app stores this

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Are Relationships Essential? How To Develop Strong Business Relationships Post-Pandemic

Celebrity matchmaker and co-founder of Matchmakers In The City, based in LA. Regularly featured on CBS, The CW, MTV, Elite Daily and more.

It shouldn’t come as a surprise that a celebrity matchmaker and dating expert would tell you that relationships are essential for business success. After 10 years working with some of the biggest names in Hollywood and in the business world, I genuinely cannot think of one successful person who claims they did it all on their own. The quote “It’s not what you know, it’s who you know” is a trope, but it’s a reality.

The beauty about relationships is that we have control. And until this year, we have never had more access to or more of a capability to reach people who can be supportive and game changers in our careers and businesses. Success in business is just like success in dating. Your

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Endeavor’s On Location Hires Executive Trio to Bolster Olympics Business – The Hollywood Reporter

Endeavor’s premium hospitality firm On Location has bolstered its executive ranks with the hire of David Geithner, Heather Puglisi and Jaime Weston.

The appointments follow On Location securing contracts to service the Olympic Games as the exclusive global hospitality partner, starting in Paris in 2024, then in Milan in 2026 and Los Angeles in 2028.

Geithner, most recently CFO of the health care technology company ReactiveCore and formerly with Conde Nast, joins On Location as executive vp strategy and business, based in New York City. Weston, most recently with Universal Music Group and formerly with the NFL, joins as chief marketing officer, based in Los Angeles.

Puglisi boards On Location as senior vp stakeholder services, focused on Endeavor’s Olympics business, based in New York City. Puglisi earlier worked at The Coca-Cola Company as senior director of global hospitality, where she led operations across the Olympic Games, FIFA World Cup, UEFA

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Small business wins $100k marketing package with Raiders

After starting her business in her Las Vegas home, entrepreneur Felicia Parker never thought she’d have the chance to have her brand plastered inside a $2 billion NFL stadium.

Parker will get that chance, in addition to other marketing assets totaling $100,000, as the winner of the Small Business Showcase put on by the Raiders and America First Credit Union.

“It’s a surreal moment,” Parker said inside Allegiant Stadium on Tuesday evening. “Even walking in the stadium now and seeing the Small Business Showcase up there, I thought ‘Oh man, that could be my business.’ And to know now that will be us and we’ll have that level of exposure, words can’t describe the trajectory it will have for our business.”

In addition to advertising inside Allegiant Stadium for the Raiders 2021 season, Any Occasion Baskets will also receive an ad in the Raiders game day program, radio spots and

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SBA extends deadline on $100M grant program to help businesses recover from Covid-19

The U.S. Small Business Administration, a federal agency, is now offering low-interest, long-term loans to Ohio businesses and non-profits that are struggling financially because of the coronavirus crisis. (U.S. Small Business Administration)

The Small Business Administration is extending the deadline on a $100 million grant program designed to connect small businesses with SBA assistance and programs.

The ‘Community Navigator Pilot’ Program will offer grants of $1 million to $5 million to eligible organizations to provide counseling, networking and to serve as an informal connection to agency resources to help small businesses recover from the economic devastation wrought by the Covid-19 pandemic.

But the original deadline to apply for these grants was July 12 — which has now been extended to July 23. The agency anticipates making awards under the program in September.

Read the full story on’s sister

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Supreme Court won’t overturn ruling against business that refused to serve gay weddings

The Supreme Court on Friday declined to wade into the contentious issue of whether businesses have a right to refuse service for same-sex wedding ceremonies despite state laws forbidding them from discriminating on the basis of sexual orientation.

The court dodged the wedding question three years ago in a case involving a Colorado baker who said baking a cake to celebrate a same-sex marriage would violate his right of free expression and religious beliefs. The issue came back in an appeal brought by Barronelle Stutzman, owner of Arlene’s Flowers and Gifts in Richland, Washington.

The court said Friday that it would not take up her appeal, leaving the state court rulings against her intact and again ducking the hot-button issue. Justices Clarence Thomas, Samuel Alito and Neil Gorsuch said the court should have taken the case.

Image: Masterpiece Cakeshop owner Jack Phillips decorates a cake inside his store in

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EXCLUSIVE Amazon, Tata say Indian govt e-commerce rules will hit businesses -sources

NEW DELHI, July 3 (Reuters) – Inc (AMZN.O) and India’s Tata Group warned government officials on Saturday that plans for tougher rules for online retailers would have a major impact on their business models, four sources familiar with the discussions told Reuters.

At a meeting organised by the consumer affairs ministry and the government’s investment promotion arm, Invest India, many executives expressed concerns and confusion over the proposed rules and asked that the July 6 deadline for submitting comments be extended, said the sources.

The government’s tough new e-commerce rules announced on June 21 aimed at strengthening protection for consumers, caused concern among the country’s online retailers, notably market leaders Amazon and Walmart Inc’s (WMT.N) Flipkart.

New rules limiting flash sales, barring misleading advertisements and mandating a complaints system, among other proposals, could force the likes of Amazon and Flipkart to review their business structures, and may increase costs

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Rudy Giuliani sent Trump business rival Leona Helmsley to prison for tax fraud

New York is America’s largest city, but sometimes it feels like it keeps recycling the go-go ’80s with a tiny cast of characters. On Thursday, New York prosecutors charged the Trump Organization and its longtime CFO, Allen Weisselberg, with 15 counts of tax-related felonies. They pleaded not guilty.

The alleged tax fraud scheme, as laid out by prosecutors, is actually pretty simple: the Trump Organization used company money to pay Weisselberg’s rent, car lease, and other personal expenses, allowing him to avoid paying federal and local taxes, and kept track of the money in a secret ledger.

“As I was reading the indictment, the one thing I kept thinking was: ‘My God, this is some street-level mobster bulls–t,'” one former New York prosecutor told The Independent. “Two sets of books? That’s like ‘How to Commit Tax Fraud 101’ at crime college.” University of Chicago law professor Daniel Hemel

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a Mutiny at Great Jones


Welcome to this weekly roundup of stories from Insider’s Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.

Hope you’re all having a nice July 4th holiday. Here’s what we’re going over today:

Burning photo of Great Jones co-founders Maddy Moelis and Sierra Tishgart with colorful dutch ovens behind them, on top of a pink background

Kenny Chen; Marianne Ayala/Insider

What’s trending this morning:

One more thing before we start: We’re relaunching our Insider Advertising newsletter, featuring original analysis from media and advertising editor Lara O’Reilly. Sign up here to get it in your inbox Thursday.

Great Jones’ unraveling 

When Sierra Tishgart appeared to push her cofounder, Maddy Moelis, out of the company, Great Jones employees launched an uprising, arguing they saw “no successful path forward” with Tishgart as their leader. But the mutiny didn’t go as planned:

By September 2020, all six of the full-time staff had quit.

How, exactly, did Great Jones’ staff implode so spectacularly? Emails reviewed

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Looking to grow your business and hire? Please, ditch the jargon | US small business

Are you looking to hire a “team player”, a “self-starter”, or someone “proactive” to “take it to the next level”? Well, maybe you should stop.

The labor market is tight and small businesses across the country are desperately trying to fill open positions. To do this, most of us are placing job listings on various sites in the hopes of attracting a good, skilled worker. But unfortunately, the jargon we’re using is having the opposite impact.

According to a new study of more than 6.3m online job descriptions posted in the United States, the United Kingdom, Canada, and Australia by online design and publishing tool maker Canva, approximately 38% of job ads contained corporate gobble-de-gook offering a “window of opportunity” to “make hay” and “go viral”.


The worst offender of jargon over-use is the state of Washington, where 598 per 1,000 job listings contained “complicated words and phrases,

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