Jun 20, 2022,10:02am EDT

Lenovo Adds HTC Chairwoman Cher Wang To Board Of Directors”,”scope”:{“topStory”:{“index”:1,”title”:”Lenovo Adds HTC Chairwoman Cher Wang To Board Of Directors”,”image”:”https://specials-images.forbesimg.com/imageserve//62b07aeb50cb3b877d54e3a1/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 20, 2022″,”hourMinute”:”10:02″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/russellflannery/2022/06/20/lenovo-adds-htc-chairwoman-cher-wang-to-board-of-directors/”}},”id”:”8bbemaiprac000″},{“textContent”:”

Jun 20, 2022,05:00am EDT

China’s Unpredictability Is “Poisonous” For Its Business Environment, EU Chamber Says”,”scope”:{“topStory”:{“index”:2,”title”:”China’s Unpredictability Is “Poisonous” For Its Business Environment, EU Chamber Says”,”image”:”https://specials-images.forbesimg.com/imageserve//62b032df613494b2620ae117/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 20, 2022″,”hourMinute”:”05:00″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/russellflannery/2022/06/20/chinas-unpredictability-is-poisonous-for-its-business-environment-eu-chamber-says/”}},”id”:”7obc6a416fmo00″},{“textContent”:”

Jun 20, 2022,01:45am EDT

Zilingo Cofounders Propose To Buyout Financially Troubled Startup”,”scope”:{“topStory”:{“index”:3,”title”:”Zilingo Cofounders Propose To Buyout Financially Troubled Startup”,”image”:”https://specials-images.forbesimg.com/imageserve//62b0031d033a6deff53b268b/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 20, 2022″,”hourMinute”:”01:45″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/jonathanburgos/2022/06/20/zilingo-cofounders-propose-to-buyout-financially-troubled-startup/”}},”id”:”69mh0j80r3qc00″},{“textContent”:”

Jun 17, 2022,07:20am EDT

Bitcoin Thanks Japan For Making It Look Less Pathetic”,”scope”:{“topStory”:{“index”:4,”title”:”Bitcoin Thanks Japan For Making It Look Less Pathetic”,”image”:”https://specials-images.forbesimg.com/imageserve//62ac51438df5a8d6948819cd/290×0.jpg?cropX1=0&cropX2=3488&cropY1=19&cropY2=1982″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 17, 2022″,”hourMinute”:”07:20″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/williampesek/2022/06/17/bitcoin-thanks-japan-for-making-it-look-less-pathetic/”}},”id”:”b2fenjdjr1mo00″},{“textContent”:”

Jun 17, 2022,04:40am EDT

Semiconductor Surge: Taiwan’s No. 2 Chip Maker Posts 42% Revenue Jump, But How Long Can It Last?”,”scope”:{“topStory”:{“index”:5,”title”:”Semiconductor Surge: Taiwan’s No. 2 Chip Maker Posts 42% Revenue Jump, But How Long Can It Last?”,”image”:”https://specials-images.forbesimg.com/imageserve//62ac17b023cbfd11cb8819cd/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 17, 2022″,”hourMinute”:”04:40″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/ralphjennings/2022/06/17/semiconductor-surge-taiwans-no-2-chip-maker-posts-42-revenue-jump-but-how-long-can-it-last/”}},”id”:”1nfofkdajifa00″},{“textContent”:”

Jun 17, 2022,03:10am EDT

Chinese Education Tycoon Regains Billionaire Status By Pivoting To Livestreamed Sales”,”scope”:{“topStory”:{“index”:6,”title”:”Chinese Education Tycoon Regains Billionaire Status By Pivoting To Livestreamed Sales”,”image”:”https://specials-images.forbesimg.com/imageserve//62ac24f99457ee3f9d3e288f/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 17, 2022″,”hourMinute”:”03:10″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/ywang/2022/06/17/chinese-education-tycoon-regains-billionaire-status-by-pivoting-to-livestreamed-sales/”}},”id”:”4k61431r32q000″},{“textContent”:”

Jun 16, 2022,02:15am EDT

Tycoon Andrew Tan’s Alliance Global Spending $1 Billion To Expand Property, Other Businesses”,”scope”:{“topStory”:{“index”:7,”title”:”Tycoon Andrew Tan’s Alliance Global Spending $1 Billion To Expand Property, Other Businesses”,”image”:”https://specials-images.forbesimg.com/imageserve//62aaa2ca0e3789afc9d3b371/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 16, 2022″,”hourMinute”:”02:15″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/jonathanburgos/2022/06/16/tycoon-andrew-tans-alliance-global-spending-1-billion-to-expand-property-other-businesses/”}},”id”:”230kijiljf6m00″}],”breakpoints”:[{“breakpoint”:”@media all and (max-width: 767px)”,”config”:{“enabled”:false}},{“breakpoint”:”@media all and (max-width: 768px)”,”config”:{“inView”:2,”slidesToScroll”:1}},{“breakpoint”:”@media all and (min-width: 1681px)”,”config”:{“inView”:6}}]};

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Jun 14, 2022,02:00am EDT

Crypto Entrepreneur Backs Terra Relaunch Amid Skepticism, Says Price Collapse Will Foster Institutional Adoption”,”scope”:{“topStory”:{“index”:1,”title”:”Crypto Entrepreneur Backs Terra Relaunch Amid Skepticism, Says Price Collapse Will Foster Institutional Adoption”,”image”:”https://specials-images.forbesimg.com/imageserve//62a8261d817071bf4f0e32b5/290×0.jpg?cropX1=0&cropX2=3840&cropY1=0&cropY2=2160″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 14, 2022″,”hourMinute”:”02:00″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/zinnialee/2022/06/14/crypto-entrepreneur-backs-terra-relaunch-amid-skepticism-says-price-collapse-will-foster-institutional-adoption/”}},”id”:”c0mj7ab6b6rc00″},{“textContent”:”

Jun 13, 2022,07:37pm EDT

China Stocks Drop In U.S. Ahead Of Fed Action On Inflation; Alibaba, BiliBili Plunge 10%”,”scope”:{“topStory”:{“index”:2,”title”:”China Stocks Drop In U.S. Ahead Of Fed Action On Inflation; Alibaba, BiliBili Plunge 10%”,”image”:”https://specials-images.forbesimg.com/imageserve//62a7c8179be602f61673c4ba/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 13, 2022″,”hourMinute”:”07:37″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/russellflannery/2022/06/13/china-stocks-drop-in-us-ahead-of-fed-action-on-inflation-alibaba-bilibili-plunge-10/”}},”id”:”dhd72eknio5400″},{“textContent”:”

Jun 12, 2022,07:24pm EDT

Micron To Add 2,000 Employees, Set Up R&D Corridor In Taiwan — Report”,”scope”:{“topStory”:{“index”:3,”title”:”Micron To Add 2,000 Employees, Set Up R&D Corridor In Taiwan — Report”,”image”:”https://specials-images.forbesimg.com/imageserve//62a66ff9e694f5b570876076/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 12, 2022″,”hourMinute”:”07:24″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/russellflannery/2022/06/12/micron-to-add-2000-employees-set-up-rd-corridor-in-taiwan—report/”}},”id”:”ed3g33rmbhjc00″},{“textContent”:”

Jun 12, 2022,11:08am EDT

Beyond Economics And Geopolitics: Asia In The Global Book Market”,”scope”:{“topStory”:{“index”:4,”title”:”Beyond Economics And Geopolitics: Asia In The Global Book Market”,”image”:”https://specials-images.forbesimg.com/imageserve//62a5f92ae039b3723b4331d1/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 12, 2022″,”hourMinute”:”11:08″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/russellflannery/2022/06/12/beyond-economics-and-geopolitics-asia-in-the-global-book-market/”}},”id”:”77ihf9cg5h6k00″},{“textContent”:”

Jun 10, 2022,12:13pm EDT

In Pandemic, One Vermont Ski Town Found An Economic Growth Catalyst”,”scope”:{“topStory”:{“index”:5,”title”:”In Pandemic, One Vermont Ski Town Found An Economic Growth Catalyst”,”image”:”https://specials-images.forbesimg.com/imageserve//629fcd77c9cd9c09ad6e2169/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 10, 2022″,”hourMinute”:”12:13″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/russellflannery/2022/06/10/in-pandemic-one-vermont-ski-town-found-an-economic-growth-catalyst/”}},”id”:”e4jbceif5go000″},{“textContent”:”

Jun 10, 2022,09:50am EDT

Vail Resorts Profit Gains Nearly 36% On Easing Covid; Shares Rise”,”scope”:{“topStory”:{“index”:6,”title”:”Vail Resorts Profit Gains Nearly 36% On Easing Covid; Shares Rise”,”image”:”https://specials-images.forbesimg.com/imageserve//62a347bedffbaf9062328d2c/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 10, 2022″,”hourMinute”:”09:50″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/russellflannery/2022/06/10/vail-resorts-profit-gains-nearly-36-on-easing-covid-shares-rise/”}},”id”:”e7mgh4ab4f9k00″},{“textContent”:”

Jun 10, 2022,02:30am EDT

China’s Securities Regulator Denies Conducting Review Of Ant Group’s IPO”,”scope”:{“topStory”:{“index”:7,”title”:”China’s Securities Regulator Denies Conducting Review Of Ant Group’s IPO”,”image”:”https://specials-images.forbesimg.com/imageserve//62a2daebf27f593de3328d2c/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 10, 2022″,”hourMinute”:”02:30″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/ywang/2022/06/10/chinas-securities-regulator-denies-conducting-review-of-ant-groups-ipo/”}},”id”:”eke6lnid325800″}],”breakpoints”:[{“breakpoint”:”@media all and (max-width: 767px)”,”config”:{“enabled”:false}},{“breakpoint”:”@media all and (max-width: 768px)”,”config”:{“inView”:2,”slidesToScroll”:1}},{“breakpoint”:”@media all and (min-width: 1681px)”,”config”:{“inView”:6}}]};

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China’s securities regulator said that it isn’t currently reviewing nor conducting research to revive the initial public offering of billionaire Jack Ma’s Ant Group, after multiple media reports quoted anonymous sources saying the watchdog has the matter under consideration.

The China Securities Regulatory Commission(CSRC) issued the denial on Thursday, the same day that both Reuters and Bloomberg reported that authorities are considering whether to permit the Hangzhou-based fintech giant to restart its share sale plans. In a one-sentence statement published on its website, the CSRC also said that it supports the overseas IPOs of platform companies that meet the government’s requirements. Ant Group, for its part, said via its official WeChat account that the company doesn’t have any plan to initiate an IPO, and is instead “focused on steadily moving forward with our rectification work.”

Reports of the IPO restart and subsequent denials trigged wild swings in the New York-listed shares of Chinese e-commerce giant Alibaba, which owns about one-third of Ant. The company’s American Depositary Shares were down 8.1% Thursday, after shooting up 7% in pre-market trading on hopes that its IPO might be revived. In Hong Kong, where Alibaba is also listed, shares of the company are up 1.7% as of 2 p.m. Friday.

Ant Group, for now, is targeting other parts of Asia for future growth, after Chinese authorities told it to become a financial holding company and adhere to banking regulations. This week, it launched a digital bank in Singapore to attract merchants with cross-border operations, just two months after acquiring a majority stake in Singapore-based fintech company 2C2P.

For Ant’s investors, the stakes couldn’t be higher. The company was once valued north of $300 billion when it was set to raise $35 billion in what was to be the world’s largest IPO ever. After the plan was abruptly crushed by Chinese authorities in late 2020, its valuation was estimated to have plunged to a range within $170 billion to $190 billion.

The fintech giant’s once lucrative microlending and consumer credit businesses, for example, are bumping up against growth ceilings imposed by authorities who are seeking to curb risks and reduce leverage in the financial sector. Ant Group has been ordered by regulators to return to its roots as a payment service, and “rectify” its sprawling lending, insurance and wealth management services.

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Jun 1, 2022,11:50am EDT

Communist Party, Military Themes Help Struggling Alibaba Entertainment Unit Turn A Profit”,”scope”:{“topStory”:{“index”:1,”title”:”Communist Party, Military Themes Help Struggling Alibaba Entertainment Unit Turn A Profit”,”image”:”https://specials-images.forbesimg.com/imageserve//6297865c488d661f0bf8de3d/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jun 1, 2022″,”hourMinute”:”11:50″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/russellflannery/2022/06/01/communist-party-military-themes-help-struggling-alibaba-entertainment-unit-turn-a-profit/”}},”id”:”dg0od0edhm5400″},{“textContent”:”

May 31, 2022,06:52pm EDT

China Stocks And Shanghai Dwellers Enjoy Big Day As Stringent Lockdowns Ease”,”scope”:{“topStory”:{“index”:2,”title”:”China Stocks And Shanghai Dwellers Enjoy Big Day As Stringent Lockdowns Ease”,”image”:”https://specials-images.forbesimg.com/imageserve//629698cd30a1b19f98d94143/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 31, 2022″,”hourMinute”:”06:52″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/russellflannery/2022/05/31/china-stocks-and-shanghai-dwellers-enjoy-big-day-as-stringent-lockdowns-ease/”}},”id”:”7imi5ehr4i8000″},{“textContent”:”

May 31, 2022,05:15pm EDT

Japan’s 7-Eleven Tycoon Bucks The Trend By Doubling Down On Convenience Stores”,”scope”:{“topStory”:{“index”:3,”title”:”Japan’s 7-Eleven Tycoon Bucks The Trend By Doubling Down On Convenience Stores”,”image”:”https://specials-images.forbesimg.com/imageserve//6295bbd668b976ccbad2e18c/290×0.jpg?cropX1=0&cropX2=1971&cropY1=0&cropY2=1478″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 31, 2022″,”hourMinute”:”05:15″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/jsimms/2022/05/31/japans-7-eleven-tycoon-bucks-the-trend-by-doubling-down-on-convenience-stores/”}},”id”:”1fgane9248rc00″},{“textContent”:”

May 31, 2022,05:15pm EDT

Japan’s Wealth Creation: Global Turbulence Shakes Japan’s Growth Outlook”,”scope”:{“topStory”:{“index”:4,”title”:”Japan’s Wealth Creation: Global Turbulence Shakes Japan’s Growth Outlook”,”image”:”https://specials-images.forbesimg.com/imageserve//6295c2d9013139bb7235a8d8/290×0.jpg?cropX1=0&cropX2=1379&cropY1=23&cropY2=799″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 31, 2022″,”hourMinute”:”05:15″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/rainermichaelpreiss/2022/05/31/japans-wealth-creation-global-turbulence-shakes-japans-growth-outlook/”}},”id”:”6raj99gii7oo00″},{“textContent”:”

May 31, 2022,05:15pm EDT

Wealth Of Pan Pacific International’s Founder Falls Despite Retailer Posting Record Earnings”,”scope”:{“topStory”:{“index”:5,”title”:”Wealth Of Pan Pacific International’s Founder Falls Despite Retailer Posting Record Earnings”,”image”:”https://specials-images.forbesimg.com/imageserve//6295c06bdd148e3c4923b85b/290×0.jpg?cropX1=0&cropX2=1476&cropY1=66&cropY2=897″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 31, 2022″,”hourMinute”:”05:15″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/jsimms/2022/05/31/wealth-of-pan-pacific-internationals-founder-falls-despite-retailer-posting-record-earnings/”}},”id”:”3hbjribobebk00″},{“textContent”:”

May 31, 2022,05:15pm EDT

Founder Of Japanese Home Improvement Chain Goes On A Building Binge”,”scope”:{“topStory”:{“index”:6,”title”:”Founder Of Japanese Home Improvement Chain Goes On A Building Binge”,”image”:”https://specials-images.forbesimg.com/imageserve//6295be76e9b8f8961723b85b/290×0.jpg?cropX1=0&cropX2=4095&cropY1=0&cropY2=2303″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 31, 2022″,”hourMinute”:”05:15″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/jsimms/2022/05/31/founder-of-japanese-home-improvement-chain-goes-on-a-building-binge/”}},”id”:”4765irh1inkk00″},{“textContent”:”

May 31, 2022,05:03pm EDT

Lasertec Eyes Pandemic Bonanza For Its Chip-Testing Tech”,”scope”:{“topStory”:{“index”:7,”title”:”Lasertec Eyes Pandemic Bonanza For Its Chip-Testing Tech”,”image”:”https://specials-images.forbesimg.com/imageserve//6295c575013139bb7235a8de/290×0.jpg?cropX1=0&cropX2=1920&cropY1=200&cropY2=1280″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 31, 2022″,”hourMinute”:”05:03″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/jsimms/2022/05/31/lasertec-eyes-pandemic-bonanza-for-its-chip-testing-tech/”}},”id”:”6impgda5f96g00″}],”breakpoints”:[{“breakpoint”:”@media all and (max-width: 767px)”,”config”:{“enabled”:false}},{“breakpoint”:”@media all and (max-width: 768px)”,”config”:{“inView”:2,”slidesToScroll”:1}},{“breakpoint”:”@media all and (min-width: 1681px)”,”config”:{“inView”:6}}]};

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May 26, 2022,01:55am EDT

China’s ‘Zero Covid’ Mess + Ukraine Crisis = Global Recession”,”scope”:{“topStory”:{“index”:1,”title”:”China’s ‘Zero Covid’ Mess + Ukraine Crisis = Global Recession”,”image”:”https://specials-images.forbesimg.com/imageserve//628f10a85dc007cb8f6222c0/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 26, 2022″,”hourMinute”:”01:55″,”amPm”:”am”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/williampesek/2022/05/26/chinas-zero-covid-mess–ukraine-crisis–global-recession/”}},”id”:”eb6l4lj3n0io00″},{“textContent”:”

May 25, 2022,08:15pm EDT

Mining Billionaire Robert Friedland’s Ivanhoe Electric Seeks Dual Listing In New York, Toronto”,”scope”:{“topStory”:{“index”:2,”title”:”Mining Billionaire Robert Friedland’s Ivanhoe Electric Seeks Dual Listing In New York, Toronto”,”image”:”https://specials-images.forbesimg.com/imageserve//628dea0fbb4a678f1659856e/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 25, 2022″,”hourMinute”:”08:15″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/jonathanburgos/2022/05/25/mining-billionaire-robert-friedlands-ivanhoe-electric-seeks-dual-listing-in-new-york-toronto/”}},”id”:”3k8ihikpc2oc00″},{“textContent”:”

May 25, 2022,07:15pm EDT

Alibaba-Backed ZTO Says Covid Disrupted China Express Deliveries In April; 1st Qtr Profit Rose”,”scope”:{“topStory”:{“index”:3,”title”:”Alibaba-Backed ZTO Says Covid Disrupted China Express Deliveries In April; 1st Qtr Profit Rose”,”image”:”https://specials-images.forbesimg.com/imageserve//628eb72e07630243e5d266b0/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 25, 2022″,”hourMinute”:”07:15″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/russellflannery/2022/05/25/alibaba-backed-zto-says-covid-hit-china-express-deliveries-in-april-1st-qtr-profit-rose/”}},”id”:”eirb5dq874a800″},{“textContent”:”

May 25, 2022,05:11pm EDT

30 Under 30: The Entrepreneurs, Content Creators And Influencers Impacting The Media And Marketing Landscape In Asia”,”scope”:{“topStory”:{“index”:4,”title”:”30 Under 30: The Entrepreneurs, Content Creators And Influencers Impacting The Media And Marketing Landscape In Asia”,”image”:”https://specials-images.forbesimg.com/imageserve//628ca144ca50e96eb8e5ffbf/290×0.jpg?cropX1=0&cropX2=1920&cropY1=0&cropY2=1080″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 25, 2022″,”hourMinute”:”05:11″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/ardianwibisono/2022/05/25/30-under-30-the-entrepreneurs-content-creators-and-influencers-impacting-the-media-and-marketing-landscape-in-asia/”}},”id”:”d9qa24kccp8000″},{“textContent”:”

May 25, 2022,05:02pm EDT

Meet The Forbes Under 30 Asia Class Of 2022″,”scope”:{“topStory”:{“index”:5,”title”:”Meet The Forbes Under 30 Asia Class Of 2022″,”image”:”https://specials-images.forbesimg.com/imageserve//6284b23bb7b2a7d7d234fcbe/290×0.jpg?cropX1=0&cropX2=1920&cropY1=0&cropY2=1080″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 25, 2022″,”hourMinute”:”05:02″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/ranawehbe/2022/05/25/meet-the-forbes-under-30-asia-class-of-2022/”}},”id”:”1b89mgqhg2780″},{“textContent”:”

May 25, 2022,05:01pm EDT

Meet The Fintech Founders And Startup Investors On The 2022 30 Under 30 Asia List”,”scope”:{“topStory”:{“index”:6,”title”:”Meet The Fintech Founders And Startup Investors On The 2022 30 Under 30 Asia List”,”image”:”https://specials-images.forbesimg.com/imageserve//62876960630d040d103b4a56/290×0.jpg?cropX1=0&cropX2=1920&cropY1=0&cropY2=1080″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 25, 2022″,”hourMinute”:”05:01″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/johnkang/2022/05/25/meet-the-fintech-founders-and-startup-investors-on-the-2022-30-under-30-asia-list/”}},”id”:”bg42n22l2d5k00″},{“textContent”:”

May 25, 2022,05:01pm EDT

The 30 Under 30 Asia 2022 Entrepreneurs Transforming The Booming Logistics Industry”,”scope”:{“topStory”:{“index”:7,”title”:”The 30 Under 30 Asia 2022 Entrepreneurs Transforming The Booming Logistics Industry”,”image”:”https://specials-images.forbesimg.com/imageserve//628783a8ba587bcf263b4a58/290×0.jpg?cropX1=0&cropX2=1920&cropY1=0&cropY2=1080″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”May 25, 2022″,”hourMinute”:”05:01″,”amPm”:”pm”,”isEDT”:true},”uri”:”https://www.forbes.com/sites/johnkang/2022/05/25/the-30-under-30-asia-2022-entrepreneurs-transforming-the-booming-logistics-industry/”}},”id”:”7gm6f5kq144g00″}],”breakpoints”:[{“breakpoint”:”@media all and (max-width: 767px)”,”config”:{“enabled”:false}},{“breakpoint”:”@media all and (max-width: 768px)”,”config”:{“inView”:2,”slidesToScroll”:1}},{“breakpoint”:”@media all and (min-width: 1681px)”,”config”:{“inView”:6}}]};

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May 18, 2022,06:20am EDT

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May 8, 2022,09:40am EDT

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May 8, 2022,05:00am EDT

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May 7, 2022,10:11pm EDT

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May 6, 2022,11:57pm EDT

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May 5, 2022,04:07pm EDT

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NFTs and handcrafted porcelain sculptures of characters via Gucci—is exploring new types of digital and physical products.

Superplastic is just one of several startups Kering has backed in the past year to explore disruptive business models without over-exposing luxury brands like Alexander McQueen and Yves Saint Laurent. Other recent investments include the second-hand fashion platform Vestiaire Collective, British luxury handbag subscription platform Cocoon.Club, and the shoppable streaming platform NTWRK. Gregory Boutté, Kering’s chief client and digital officer, says early experiments have shown there’s already a “huge appetite” for NFTs and that their exclusive and creative nature aligns with the characteristics of luxury goods.

“We see this trend coming up and potentially having multiple implications on our industry,” Boutté says. “We’re not quite sure exactly how, so we want to get situated in the house.”

A serial entrepreneur, Budnitz founded the toy and entertainment company KidRobot in 2002 before selling it in 2013. In 2014, he cofounded Ello—the ad-free social networking platform—and a decade ago began Budnitz Bicycles, a bike shop in Burlington that closed during the pandemic.

Next to his desk is a poster on a wall that reads “Death To Nostalgia,” a rallying cry that he carried with him from his KidRobot days. But that doesn’t mean he isn’t inspired by the past. His characters have been inspired by the past comics like Krazy Kat and Ignatz—which ran as a newspaper strip from 1913 to 1944. He also likes the Belgian comic duo Asterix and Tintin.

In some ways, Superplastic is a second act for Budnitz. Under his leadership for more than a decade, KidRobot did deals with a wide range of shows and brands alike. It made figurines for The Simpsons, Iron Man, South Park and Family Guy. They also collaborate with brands as varied as Volkswagen and Louis Vuitton along with shoes for Nike and snowboards for Burton. A dozen of Budnitz’s characters are still on display at the Museum of Modern Art in New York City.

Experiences with KidRobot also taught him a key lesson that’s now an anchor for Superplastic: To never give away intellectual property. He remembers creating new KidRobot characters that were optioned for future shows that were never made and shelved by some studio or another. Instead, he says he still gets royalty checks for a movie that was never made 12 years ago.

“If you look at how animated media is traditionally created,” he says. “An artist often has a great idea, they end up selling it to some big studio, and then the studio makes all the money, controls it, and generally often ruins it.”

Budnitz is also inspired by Walt Disney himself from the 1950s when Mickey’s maker controlled all of his own intellectual property. That control allowed Disney to “do his kind of weirdness and create a really transformed vision of a new world” across movies, TV shows, physical products and theme parks.

Digital celebrities and virtual characters have been increasingly popular. In March, former Disney CEO Bob Iger announced he’s investing in and joining the board of Genies–a startup with a $1 billion valuation that lets people create their own 3D avatars. Meanwhile, top Hollywood talent agencies are signing on to represent a range of digital characters born from popular NFTs like Bored Ape Yacht Club (BAYC), CryptoPunks and Meebits—each collection with its own network of brands, fans, content and commerce.

“This space we’ll look back on it like we look at social media,” says Sarah Early, a marketing executive at UTA. “Everyone will need to have a role in it and jumping in without a strategy isn’t enough.”

With Superplastic, the plan has always been about the characters—and all the movies, music, stories and sponsors that come with them. But growing interest in digital collectibles is perfect timing for Budnitz, who has a long history of creating and selling limited-edition physical items.

Bryan Rosenblatt, a partner at the San Francisco-based venture capital firm, invested back in 2019. When Superplastic announced its Series A round, Rosenblatt told Forbes that Budnitz is a “creative genius” with a track record of “building these cult-like brand followings and having a good eye for art and entertainment and business.”

“It was a totally different vibe from any tech company that I’ve ever been invested in or worked with or at,” said Moshe Lifschitz, managing partner at Shrug Capital, which also invested in Superplastic’s Series A round. “There was something about the way Paul was approaching building a company and taking a swing that was exhilarating.”

Real-world ambitions also help set Superplastic apart. It recently debuted a new vinyl art toy collaboration with BAYC. In June, it plans to open a store in New York City that will sell physical merchandise and have a secret room for NFT owners. It’s also working with a partner on opening a sushi restaurant and with another on an animated “comedy-hip hop-horror” movie starring Janky and Guggimon.

The big question will be whether Janky and Guggimon’s fans follow them to the box office, listen to their albums, buy their merch and travel deeper and deeper into their metaverse—wherever the rabbit hole might lead.

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Aviation has been on a roller coaster. We have experienced the biggest drop in demand in its history and many airlines have had to make many adjustments to survive. While there has been a positive impact from the recent uplift in the Americas travel markets, Europe has been a case of starts and stops. Similarly, the Asia market had recently reopened a lot of previously closed borders to attract more traffic, but there are still areas with tougher measures in place to prevent Covid which are weighing on the recovery.

Inflation plays a role in almost every segment of the aviation industry. It affects the price of aircraft, debt; overall operations of the airlines and other aviation participants. One of the largest components of the cost base of an airline; other than fuel, is the aircraft itself. Inflation is exhibited through the steady increase of the official aircraft list prices of the predominant manufacturers (Boeing and Airbus) and their suppliers, which we see publicly.

Manufacturers routinely raise their prices in the normal course of their business. One aspect of this is due to the increased costs of the underlying inputs for production such as labor, commodities, financing, etc. But the increases can run above inflation when there are increased demand dynamics. The past decade has not been unduly inflationary in terms of materials/labor and buyers have been relatively apathetic to the risks of inflation. Interest rates have for years been at historic lows and commodities have seesawed, but ultimately have settled at relatively low prices during this period (for example, oil). Nobody seemed to remember the days of double-digit base rates or high commodity prices. This is exacerbated by the facilitation of growing demand and utilizing escalation.

I have reviewed many aircraft purchase agreements between manufacturers and airlines/lessors, as an aircraft investor and a former lawyer. They all contain price escalation terms. In simple terms, the price of the aircraft goes up if the manufacturer’s costs go up. I am sure there may be a contract in the market that has no escalations, but that would be a rare case and even the most revered airlines have escalation provisions in their agreements. People in the industry will tell you that they negotiate escalation caps in their agreements, and I will concur that those placing large orders or who are established clients, usually cap their exposure. The cap sets a limit on the escalation rate of the price, i.e. the percentage by which the agreed purchase price of the aircraft can rise is limited to the amount of the cap—3%, 5%, 6% or more, depending on who you are. The formula may have a sharing element above the cap and in times of “super-inflation,” the burden over a certain hurdle may fall back onto the customer. It often depends on the strength of the market; the inflationary environment and the relative strength and influence of the buyer. There are, however, customers with unlimited escalations, and escalations are usually a compound formula.

Typically, a contract may read that the “Base Prices” of the “Airframe” and of “SCNs” and “Propulsion Systems Reference Price” are subject to revision in accordance with the various price revision formula up to and including the Delivery Date.” The Formula in the United States requires that the prices are determined at the time of aircraft delivery according to a formula, using adjustments linked to the U.S. Department of Labor, Bureau of Labor Statistics “Employment Cost Index for workers in aircraft manufacturing – Wages and Salaries,” as well as the “Producer Prices and Price Index – Industrial Commodities Index,” sprinkled with averages and notional rates. Fluctuations in the costs of raw materials, labor shortages, embargoes, punitive duties, and supply chain disruptions, mean that manufacturers face unprecedented times.

In layman’s terms, if you place an order for 20 aircraft over 5 years, then the first will be closest to the original contract price and the last might be substantially higher with inflation throughout the period. Even in times of modest inflation, this could mean an increase of 15%+ with a relatively normal 3% increase per annum compounded. Most aircraft component manufacturer price lists rise by that sort of amount per year. So where is the problem you might ask? The problem is that in times of hyperinflation, an airline may not have anticipated such rises or have been able to cap the rate at a lower level. The deliveries may have been postponed (which has also happened with many airlines and lessors as a result of the Covid-19 disruption) and the escalation will continue to accrue from the base year date when the purchase agreement was signed, unless there were further restructurings or an enlarged order. In cases of postponement, the cost of the aircraft could rise substantially and the buyer may not have the means to finance the purchase. Long-term funding may have been arranged on strict terms or a lessor-financier SLB will have linked the final purchase price of the aircraft to the lease amount using a formula. The rent could be much higher than the airline had hoped or planned. A more expensive aircraft results in a more expensive lease rate.

In terms of finance, interest rates are a prime factor and as transactions are normally in United States Dollars, that should be giving investors and airlines some sleepless nights. U.S. interest rates have been at extremely subdued rates but are now set to rise several times before year-end. Currencies can also be problematic. During the last downturn, it was the disparity between the United States Dollar and other currencies that was a prime factor in the woes of many of the airlines in the developing world. Their earnings were in local currencies and all expenses, like lease payments, loan payments, fuel, airport charges, and insurance were in Dollars. A 30% move in relative values cannot be absorbed by cost-cutting.

Inflation could be helpful if you bought attractive new generation aircraft before the spike in inflation. If you took delivery of them recently, then when compared to rival future aircraft, those rivals will be delivered at substantially higher prices. The statement appears simple but if you are a lessor, you will have taken delivery and immediately leased the asset based on a pre-existing contract. Your advantage may be an accounting exercise (book value may be reassessed), as you are committed to a lease and only time will tell if the market accepts the perceived increase in value in the interim of the lease, if sold, or at the lease end. A recession may also mean manufacturers are keen to offer incentives to entice new clients or a slow-down in travel generally.

If you are an airline, you may be able to sell and lease back your aircraft at a higher price, although the lease will be calculated based on that higher price. An ABS/EETC structure may allow you to borrow based on the revised valuation but usually, a new delivery will be financed by a bank or other lender, based on the contractual price. Conservatism will creep in as financiers perceive more risk.

Those with modern older aircraft coming off lease, may see lease rates rise as values might be adjusted upward to compete with the more expensive new deliveries. A word of caution, as older aircraft may not be as efficient and with current oil prices may mean that they are not as economically viable. If you sit in a room with aviation bankers these days then ESG may spell disaster for anything but the newest asset types. Older technology widebody aircraft can be as much as $1 million a month more expensive to operate than newer and more efficient offerings. A bigger problem for the many parked wide bodies now that fuel rates are on the rise and passenger freighter rules are being reintroduced.

Let us also not forget that the airline industry has been one on life support, bailed out by governments, banks and lessors to a level akin to an organ transplant. How these airlines can cope with higher lease rates, fuel, labor costs, and overhead in a market where their consumers are struggling to pay heating bills; fuel their cars and pay for food remains to be seen.

— With Tasos Michael, CEO of Inception Aviation Holdings Limited

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Mar 16, 2022,12:03pm EDT

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Mar 16, 2022,10:52am EDT

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