Tag: Shum, Desmond

A Former Insider on What’s Happening in China

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Desmond Shum was one of China’s most well-connected businessmen. He and his former wife, Duan Weihong, used their relationships with top government officials to build a multibillion-dollar property development company during a golden age for entrepreneurs starting in the mid-1990s. Now, tensions with the West dominate discussion, with Treasury Secretary Janet Yellen sharply criticizing China’s treatment of American companies on a trip to Beijing this week. Mr. Shum left China in 2015 as Xi Jinping, the country’s leader, asserted greater state control over the country and its businesses. Duan, also…

The Regulatory Questions Swirling Around Meta’s Threads

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Taylor Swift re-records her way onto the charts Taylor Swift on Thursday released the re-recorded version of one of her older albums, “Speak Now,” calling the move a “form of rebellion.” The singer is on a mission to re-record the first six albums in her catalog (she has done three) after the rights to the originals were sold in a contentious deal to the superagent Scooter Braun’s Ithaca Holdings in 2019 for north of $300 million. The investment firm Shamrock Capital Advisors bought the masters a year later for about…