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Last updated: 2020-10-28 22:34:00 +00:00
Former Uber CTO Thuan Pham joins South Korean e-commerce leader Coupang Thuan Pham, who in May stepped down as Uber’s chief technology officer and longest-serving top executive, has a new job in South Korea. Coupang, the country’s largest e-commerce company by market share, announced today it has hired Pham as its new CTO. For Pham, joining Coupang, a SoftBank-backed unicorn that holds a 24.6% market share in South Korea, the fifth-largest e-commerce in the world, is a departure from his original post-Uber plans. In an interview with Bloomberg after leaving Uber, which Pham joined in 2013, he expressed relief about his decision, describing leading the ride-hailing giant’s technology division as “a very heavy burden.” After leaving, Pham intended to spend his time teaching university students and mentoring entrepreneurs instead of joining another large tech company. After meeting Coupang chief executive officer Bom Kim, who founded the company in 2010, however, Pham said he was intrigued by the opportunity to apply his experience at Uber to a company in a different sector.
Last updated 16 hours ago
   
Covid-19 vaccines status check: Moderna, Pfizer aim to deliver shot by December With the results of last-stage clinical trials by two Covid-19 vaccine frontrunners — Moderna Inc and Pfizer — expected in the coming weeks, hopes have risen of securing an antidote to the novel coronavirus by December itself as infections surge across the United States and Europe with the onset of winter. Moreover, despite minor setbacks during Phase III trials in the past two months, the vaccine developed by University of Oxford and AstraZeneca Plc has produced immune responses in both elderly and young people. However, the unprecedented pace at which Covid-19 vaccines are being developed — it can typically take 10 to 15 years to bring a vaccine to market — has led experts, including the UK Vaccine Taskforce, to say that the first generation of shots “is likely to be imperfect” and that “might not work for everyone”. According to the World Health Organization (WHO), more than 150 Covid-19 vaccines are presently in development, with around 44 candidates in clinical trials and 11 undergoing late-stage testing.
Last updated 16 hours ago
   
DOORDASH IS OPENING A RESTAURANT VIA NEW PARTNERSHIP In a first for DoorDash, the third-party delivery company is working with an operator to open a new restaurant. DoorDash partnered with Bay Area restaurant group Burma Superstar to create Burma Bites, a delivery-only Burmese concept launching Wednesday in Oakland. The news was first reported by the San Francisco Chronicle. The move is a logical next step for DoorDash, which has crept further into the realm of restaurant operations in recent years. Last October, it opened a ghost kitchen in Northern California, providing kitchen space for four brands and handling the delivery piece. With Burma Bites, it has developed and invested in a new to-go restaurant concept, further blurring the line between third-party delivery and restaurants.
Last updated 2 days ago
   
Zuckerberg’s funding of election operations prompts litigation, concern from conservatives Zuckerberg, the founder of Facebook, and Chan first contributed $250 million to the Center for Tech and Civic Life in early September to boost resources for local election officials, such as additional polling places and ballot drop boxes. Critics contended the money primarily went to heavily Democratic areas in battleground states in an effort to tilt the balance. Further, they also noted the political leanings of the tech group. Thus far, the tech group has won in court. Even after conservative groups sued to stop a project bankrolled by Mark Zuckerberg to fund government election processes across the country, Zuckerberg and his wife Priscilla Chan put more money into the effort, in what the tech group behind it called a “rejection of the legal challenges.” Aside from Zuckerberg and his spouse, key donors to the Center for Tech and Civic Life (CTCL) have been mostly left-of-center funders such as the Skoll Foundation, the Democracy Fund, the John S. and James L. Knight Foundation and the Rockefeller Brothers Foundation, according to the Capital Research Center, a conservative-leaning investigative group that monitors nonprofits.
Last updated 2 days ago
   
TikTok parent ByteDance mulls Douyin IPO in Hong Kong The Beijing-based company has reportedly been in talks with banks such as Goldman Sachs for its IPO plans. A source from ByteDance responded to 36Kr, saying that the firm is taking standalone listings for some of its businesses into consideration, but it has yet to finalize the decision. It was reported in July that ByteDance was considering taking its domestic business public in Hong Kong or Shanghai, which could fetch it a US$100 billion valuation. The company was also said to be preparing for an IPO for its smaller businesses outside of China – including TikTok – in Europe or the US.
Last updated 3 days ago
   
Biden put forward a detailed plan to fight the coronavirus amid the surge in coronavirus cases The number of confirmed coronavirus in the U.S. has risen again recently. Democratic presidential candidate Biden elaborated on Friday how his government will solve the coronavirus crisis. And said that if he is elected president, he will begin to implement his plan before he is inaugurated. Here are each step of the plan described by Biden: Masking: Biden said that he will inform all governors and require them to implement the mask mandate, and will force all federal buildings and all interstate transportation to implement the mask mandate and order everyone to wear masks. Testing: Biden said that he will start a nationwide testing program with the goal of conducting as many tests every day as the current weekly tests in the U.S., which is equivalent to about 7 million tests per day. At the same time, it also stated that it will hire national contact tracking personnel and ensure that no matter what the immigration status, they can get the test free of charge. Personal protective equipment: Biden intends to use the full power of the Defense Production Act to promote the manufacture of masks, gloves, protective clothing and other equipment in the U.S., including providing medical staff with sufficient N- 95 masks. Biden also stated that he would appoint an authorized supply commander to assist. Uniform, scientific reopening guidelines: Indicates that the Biden government will provide consistent, reliable, trustworthy, and detailed national guidance and technical support to achieve a safe reopening, and will provide resources. Treatments and vaccines: The Biden plan emphasizes providing treatments fairly and broadly in the short term, and ultimately providing free coronavirus vaccines. But Biden also said that even if the vaccine is found to be effective, it will still take many months before the vaccine is widely available. In addition, Biden also stated in his speech that he would contact the governor of each state, whether it is a red or blue state, as well as mayors and local officials during the transition period, to understand what support they need and how much support they need.
Last updated 6 days ago
   
Palantir to Help U.S. Track Covid-19 Vaccines The software Palantir is developing is called Tiberius, and it will pool coronavirus data to help officials where to allocate vaccines, and helping the federal government set up a system that will track the manufacture, distribution and administration of Covid-19 vaccines, state and local health officials briefed on the effort said. the Journal reported. It could show, for example, areas with high proportions of healthcare workers, clinically vulnerable people, or elderly people.
Last updated 7 days ago
   

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