Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige

Central banks are rapidly increasing their gold reserves-now nearly 20% of global assets. With rising demand and geopolitical pressure, U.S. gold supply is becoming more strategic than ever.

Top public relations executive at Chinese technology firm Baidu apologizes after sparking backlash

ZEN SOO
May 09, 2024

HONG KONG (AP) -- A top public relations executive from Chinese technology firm Baidu apologized Thursday after she made comments in a series of videos that critics said glorified a culture of overwork.

Baidu's head of communications Qu Jing sparked a public outcry in China after she implied in the videos that she was not concerned about her employees as she was "not their mom" and said she only cared about results. She also said that the relationship between her and her subordinates was purely an "employer-employee relationship."

The backlash was swift, with many on social media platforms like Weibo criticizing Qu for her lack of empathy.

Qu posted an apology Thursday on her private WeChat account, where she "sincerely apologized to all netizens" and clarified that she had not sought Baidu's permission before posting the videos.

Qu said that her short videos did not represent Baidu's stance. Baidu operates China's dominant search engine as well as Ernie Bot, an artificial intelligence service similar to ChatGPT.

"Many of the criticisms are very pertinent, I am reflecting deeply and humbly accept them," she said. "There are many inappropriate (things said) in the video that caused external misunderstandings about the company's values and corporate culture, causing serious harm. I sincerely apologize."

Qu also pledged to improve her communication and management style and care more for her colleagues.

Baidu did not immediately comment.

Chinese online media outlet 36Kr reported Thursday that Qu had left her position at Baidu. The Associated Press was not able to independently verify Qu's departure.

The videos, which have since be taken down, came at a time when many young people in China are pushing back against a culture of competition and gruelling hours in the workplace.

Qu received criticism for a range of subjects she mentioned in the series of short videos on Douyin.

In the series, she brought up an incident of certain employees who sent hundreds of complaint letters against her to the office, and threatened to ruin their careers by ensuring that they could never again find a job in the industry.

In one of the videos, she criticized an employee who refused to go on a 50-day business trip during the COVID-19 pandemic. China had implemented strict travel restrictions that at times included weeks of quarantine for travel even within the country.

"Why should I take into consideration my employee's family? I'm not her mother-in law," Qu said, adding that if employees refused to go on such business trips then they would not get salary raises or job promotions.

Chinese technology firms have long been criticized for their long working hours.

A public debate was sparked in recent years over the "996" work culture, where employees in technology firms were expected to work from 9 a.m. to 9 p.m., six days a week. The issue was also spotlighted after the deaths of two employees of Chinese e-commerce firm Pinduoduo, one of whom collapsed suddenly on the street on her way home from work.

Jack Ma, founder of Alibaba, also faced criticism in 2019 for endorsing the 12-hour workday culture, saying that those who enjoyed their work would not find the "996" practice to be a problem.

Continue Reading...

Popular

Trump White House Clamps Down on Press Access

White House restricts reporter access to West Wing Room 140; NSC cites sensitive material, echoing Pentagon curbs, raising press concerns.

Gold Bars Are Pouring, but This Miner is Still Priced Like a Startup - Ad

You'd expect a gold miner with production, a full refinery, and big-name investors to be trading at a premium. But this one? It's still under $1

These High-Profile Tech Tycoons' Dinner Outing Triggers Fried Chicken Stock Surge In South Korea

A casual dinner outing in Seoul by three tech billionaires has led to a significant surge in South Korean fried chicken stocks.

Gold prices have tumbled from recent records. What's behind the losses?

NEW YORK (AP) — Less than a day after to another record high, prices for the precious metal plunged — marking the biggest sell-off in years.

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch.

Trump Defends Missile Strike On 'Drug-Carrying' Submarine Amid Human Rights Outcry

Trump defends strike on drug sub, says it targeted fentanyl-laden vessel heading to US. Two survivors were rescued.

Elon Musk Tells Joe Rogan: 'Trump Actually Is Not Perfect, but He's Not Evil'

In a Friday appearance on The Joe Rogan Podcast, Elon Musk defended President Donald Trump, stating that while Trump is "not perfect," he is also "not evil."

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Shaquille O'Neal's $180,000 Range Rover Stolen in Suspected Hacker Heist

The custom Range Rover belonging to Shaquille O'Neal has been stolen, reportedly due to a cyber attack.

Wall Street Enters Its Strongest Month: These 7 Stocks Often Crush It

November is historically Wall Street's strongest month. These 7 stocks often delivered standout gains in recent decades.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Move Over, Musk—The World's Richest Woman Joined the $100B Club

Alice Walton, daughter of Walmart founder Sam Walton, is the richest woman in the world worth more than $100 billion.

ON Semiconductor, Williams Companies And 3 Stocks To Watch Heading Into Monday

Key stocks to watch include Williams Companies, Spirit AeroSystems, Goodyear Tire & Rubber, IDEXX Laboratories, and ON Semiconductor

The Wall Street Elites Are Moving Their Money Here - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

Trump Hosts 'Great Gatsby' Halloween Bash on Eve of SNAP Crisis

In the midst of a crisis concerning SNAP funding, President Trump held a "Great Gatsby"-themed Halloween celebration at his Mar-a-Lago resort.

Trump Reportedly Rebuffs Ukraine Missile Appeal After Putin Call: 'Time To Stop...'

President Donald Trump declined to supply Ukraine with Tomahawk missiles after a tense meeting with Ukrainian President Volodymyr Zelensky at the White House on Friday, according to a report.

Is Big Pharma's Next Target Already in Play? - Ad

A small biotech may have cracked one of medicine's biggest problems-how to deliver cancer drugs safely and effectively. With patented technology and promising early data, it's already catching the attention of Big Pharma.

Loggins demands removal of Trump's AI-generated video using ‘Danger Zone’

NEW YORK (AP) — Kenny Loggins is objecting to the use of his music in a social media post showing an artificial intelligence-generated video of dumping excrement from a fighter jet on last weekend's .

Nvidia, TSMC Unveil The First US-Made Blackwell Wafer, But Analyst Ming-Chi Kuo Flags This Overlooked Detail

Nvidia Corp (NASDAQ: NVDA) has introduced the first U.S.-made Blackwell wafer, a crucial component for AI chips, at Taiwan Semiconductor Manufacturing Co's (NYSE: TSM) facility in Phoenix.

A Tiny Biotech Just Posted 10× Stronger Cancer Results - Ad

Early studies show this breakthrough delivery platform would make cancer treatments safer and more powerful. Now, with Big Pharma watching closely, investors are starting to take notice of what could be the next major biotech story.

OpenAI's ChatGPT To Allow Erotica For Adults: Not 'Moral Police Of The World,' Sam Altman Says

OpenAI will begin allowing erotica and adult-themed content on ChatGPT, marking a major shift in the company's content policy.

Edmunds compares the new BMW X3 and Mercedes-Benz GLC

Compact luxury crossovers are ideal if you’re seeking a compelling blend of utility and style without having to pay full-size luxury SUV pricing. The has been a front-runner since the original model’s introduction in 2003, but it continues to face stiff competition from the .

Elon's Haters Are About to Lose Their Minds... - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Meta Deepens Clean Energy Pact With ENGIE

Meta signed a new 600MW solar PPA with ENGIE, expanding total clean energy capacity in Texas to over 1.3GW and powering U.S. data centers.

How To Earn $500 A Month From UnitedHealth Group Stock Ahead Of Q3 Earnings

UNH to release Q3 earnings before opening bell on Tuesday. Analysts predict $2.81/share, down from $7.15/share in 2019. Dividend yield at 2.44%.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Cathie Wood Bets Big On Jack Dorsey's Bitcoin-Heavy Block, Adds Amazon And Alibaba — Sells Shopify, Surging Palantir

On Monday, Cathie Wood-led Ark Invest executed significant trades, including a notable purchase of shares in Amazon.com Inc. (NASDAQ:AMZN), Block Inc.

Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige - Ad

Central banks are rapidly increasing their gold reserves-now nearly 20% of global assets. With rising demand and geopolitical pressure, U.S. gold supply is becoming more strategic than ever.

IonQ, D-Wave Quantum, Rigetti Computing Surge Over 11% Pre-Market: What's Going On?

Shares of IonQ Inc. (NYSE: IONQ), Rigetti Computing (NASDAQ: RGTI), and D-Wave Quantum (NYSE: QBTS) surged in premarket trading on Thursday.

Gold Bars Are Pouring, but This Miner is Still Priced Like a Startup - Ad

You'd expect a gold miner with production, a full refinery, and big-name investors to be trading at a premium. But this one? It's still under $1

Looking For The Next Beyond Meat? Here Are The Top 10 Most Shorted Stocks

Here's a look at the most heavily shorted stocks in the market as investors look for the next Beyond Meat.

Why Did Dragonfly Energy Shares Jump Over 6% After Hours?

Dragonfly Energy Holdings' stock climbed 6.73% after hours to $1.42 following its public offering and strategic updates.

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch.

What to know as the annual sign-up window for health insurance arrives

Higher prices, less help and all hang over health insurance markets as shoppers start looking for coverage this week.

Bitcoin Tops $100K Despite ETF Outflows, Analysts Warn of Rising Volatility, Here's What's Next for Investors

Bitcoin's (CRYPTO: BTC) price hit the $100,000 mark in the early hours of Saturday, despite experiencing its worst performance since 2018 with a 3.7% decline as October concluded. This milestone comes amidst an increase in volatility and outflows from Bitcoin ETFs.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Trump Administration Explores Possible Meeting With Kim Jong Un During Asia Trip

Trump considers meeting Kim Jong Un during upcoming Asia trip, but no concrete plans have been made amid ongoing China trade negotiations.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service