Taylor Swift has unveiled quite a few surprises of late—moving from Nashville to New York, ditching the country format that elevated her to superstar status, and, yes, trying her hand at rapping in new album 1989. But perhaps more surprising than all of these developments is the fact that Swift is on pace to sell more than 1 million copies of read »
Zack O'Malley Greenburg, Forbes Staff
Uber fires its drivers at will, with no clear policy and sometimes with no warning — a move that could seriously undercut its claim that its drivers are independent contractors and not employees, lawyers say.
Sudden firings — or in industry-speak, “deactivations” — can leave drivers stranded without a source of income and no read »
Ellen Huet, Forbes Staff
Republican billionaire B. Wayne Hughes, Jr., is joining liberals George Soros, Reed Hastings and others in backing criminal justice reform in California. read »
Katia Savchuk, Forbes Staff
A foundation set up by one of China’s most philanthropic couples has donated $10 million for scholarships for Chinese students to attend Yale University.
The SOHO China Foundation, set up by real estate developer Soho China co-founders Pan Shiyi and Zhang Xin, announced in July that it would provide $100 million for needy read »
Russell Flannery, Forbes Staff
Shares in ENN Energy Holdings, a natural gas distributor and energy firm, plunged for a second day in Hong Kong after it agreed to buy money-losing assets in the U.S. and Canada from the company’s Chinese billionaire chairman Wang Yusuo for $200 million.
ENN said on Tuesday it would buy 33 natural gas refueling stations in read »
Russell Flannery, Forbes Staff
The 2014 Forbes China Rich List includes more than 90 individuals that didn’t make the list a year earlier, including first-time individuals and returning members that made the list in an earlier year. Here are the members of this year’s list that didn’t appear last year.
(Rank, Name, Company Name, Wealth)
46. Pang Kang, Foshan read »
Russell Flannery, Forbes Staff
Gains in mobile search business helped to boost net profit at China’s online search leader Baidu in the third quarter, the company said today.
Net profit rose by 27% from a year earlier to $631 million. Revenue climbed by 52% to $2.2 billion.
Beijing-headquartered Baidu said mobile traffic surpassed its PC traffic in the read »
Russell Flannery, Forbes Staff
An América Móvil’s spokesperson denied that they were interested in buying T-Mobile US, as reported by Germany’s Monthly Manager Magazin read »
Dolia Estevez, Contributor
Chills in China’s property market are seeping into the fortunes of China’s richest tycoons.
This year 17 real estate billionaires made the top 100 of the Forbes China Rich List. Their fortunes came to $63 billion, a 12% drop from the $71 billion that 21 property tycoons in the top 100 commanded last year. To put that in context, the read »
Heng Shao, Forbes Staff
You rarely hear it said that bad air gets in the way of serious money-making in China.
That reality is illustrated by the list of cities with the largest number of members of the 2014 Forbes China Rich List in residence.
Beijing, which has some of China’s worst air pollution, tops the cities list read »
Russell Flannery, Forbes Staff
