“It is ‘one of the few bright spots in the Chinese economy,’ says Zeng Ming. He is talking about e-commerce. Mr Zeng, the chief strategy officer for Alibaba, a giant Chinese internet firm, predicts that digital transactions on his firm’s platforms will top 1 trillion yuan ($159 billion) this year—more than Amazon’s and eBay’s combined. That is a bold claim; but consider what happened on Singles Sunday.Read more
On the 29 October, a senior exec at Apple – Scott Forstall – leaves. Official line: “change to increase collaboration across hardware, software and services”. Media reports ascribe the departure to the failed attempt at replacing Google Maps in iOS and the significant rifts he was rumoured to have generated with other senior members of the team.
“Software engineers and designers who worked for Forstall were loyal to him and ranked among the hardest working at the company, the people said. Yet his management style also led a several senior executives to leave Apple because they found working with Forstall difficult, several former Apple employees said. The mapping missteps were a final straw, people said.”
(Bloomberg, 30 Oct)