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Zhang Yiming, founder of TikTok owner ByteDance, told employees he will step down as CEO and be succeeded by human resources chief Liang Rubo, the company disclosed on Thursday.

Economists love Uber’s surge pricing. But it is doomed, because customers hate it. Why? Surge pricing occurs when the supply and demand for Uber vehicles becomes unbalanced, for example, due to inclement weather, a public holiday such as New Year’s Eve

Ever since computers were first introduced into the retail banking system in the late 1950s, there has been the vision of a future world where cash is obsolete. The near death of personal cheques, increase in debit and credit card use, and innovations such as PayPal