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Alibaba set for ‘big challenge’ as chairman Jack Ma departs

He will have a farewell party in the 80,000-capacity Hangzhou Olympic Sports Center stadium. Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply.…

Alibaba set for ‘big challenge’ as chairman Jack Ma departs

He will have a farewell party in the 80,000-capacity Hangzhou Olympic Sports Center stadium.

Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply.

As Ma, who turns 55 on Tuesday, holds centrestage at his farewell party in the 80,000-capacity Hangzhou Olympic Sports Center stadium to the accompaniment of music and celebrity performances, attendees will be hoping to get clues on how Alibaba will be run under his heir Daniel Zhang.

An accountant by trade, soft-spoken Alibaba CEO Zhang marks a stark contrast to Ma whose flamboyant style and charismatic leadership made him the most recognised Chinese entrepreneur since the former English teacher founded the company 20 years ago in a small shared apartment in Hangzhou city in eastern China.

“He has the logic and critical thinking skills of a super computer, a commitment to his vision, the courage to wholeheartedly dare to take on innovative business models and industries of the future,” Ma said of Zhang in 2018 in a message announcing his appointment.

One of Zhang’s major challenges will be finding new areas of growth as China’s e-commerce sector matures, analysts said.

Last week, Alibaba announced investments of $2.7 billion in luxury goods retail platform Kaola and a music streaming firm in moves that partly demonstrated its flexibility in adopting new strategies.

“If Alibaba wants to find new innovations or trends this is going to be more difficult than before,” said Liu Yiming, an analyst at the research division of 36kr, a Chinese tech publishing group.

“For Daniel Zhang, this will be a big challenge.”

China’s online retail sales grew just 17.8% in the first half of 2019, almost halving from the 32.4% growth of the prior year, according to the national statistics office.

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Two Indians die in quad bike accident in UAE

The other two injured – in their 20s – are being treated in the intensive care unit of the hospital. Two Indians – both aged 38 – died and two others sustained critical injuries when their quad bike flipped over multiple times trying to scale a sand dune in Al Badayer area of Al Madam…

Two Indians die in quad bike accident in UAE

The other two injured – in their 20s – are being treated in the intensive care unit of the hospital.

Two Indians – both aged 38 – died and two others sustained critical injuries when their quad bike flipped over multiple times trying to scale a sand dune in Al Badayer area of Al Madam city on Friday. The accident happened at 7.20pm.

On being informed, a police patrol and ambulance arrived at the site and rushed them to Al Dhaid Hospital. Two of them were pronounced dead. The deceased suffered severe internal bleeding in the skull. The other two injured – in their 20s – are being treated in the intensive care unit of the hospital.

Police have launched an investigation into the incident.

Afkar Abdullah

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Beware of the silent enemy that eats bones

Fractures caused by osteoporosis can be life-threatening and a major cause of pain and long-term disability. Imagine your bones getting so weak that a sneeze or a sudden movement breaks them – that is what osteoporosis reduces bone health to. It is a silent enemy that creeps into our body as we age and bursts…

Beware of the silent enemy that eats bones

Fractures caused by osteoporosis can be life-threatening and a major cause of pain and long-term disability.

Imagine your bones getting so weak that a sneeze or a sudden movement breaks them – that is what osteoporosis reduces bone health to. It is a silent enemy that creeps into our body as we age and bursts onto the scene in the form of fractures and unexplained pain. The disease generally has no symptoms and is rarely diagnosed until bones break or fracture. On the occasion of the World Osteoporosis Day marked globally on October 20 annually, doctors have urged the public to think about bone health.

Did you know that optimum bone mass is attained between 25 to 30 years? After that, bone mass reduces and by the age of 40, the rate of loss begins to exceed the rate of regeneration. If the peak bone mass attained is inadequate and if the person’s lifestyle does not support bone health, osteoporosis sets in.

According to global statistics, one in three women and one in five men aged 50 years and over will suffer an osteoporotic fracture. Fractures caused by osteoporosis can be life-threatening and a major cause of pain and long-term disability.

Dr Sadashiva Somayaji, specialist orthopaedic surgeon at the NMC Speciality Hospital, Abu Dhabi, said: “Osteoporosis, which literally means porous bone, is a disease in which the density and quality of bone are reduced. As bones become more porous and fragile, the risk of fracture is greatly increased. The loss of bone occurs silently and progressively. Osteoporosis-related fractures most commonly occur in the hip, wrist or spine.

“Our bones are living tissue and constantly changing. For people with osteoporosis, bone loss outpaces the growth of new bone, leading the bones become porous, brittle and prone to fracture,” he added.

Dr Khaled Bitar, specialist orthopaedic surgeon at the Burjeel Hospital Dubai, said:

“There are two main types of osteoporosis, the primary (more common) is related to hormonal changes that happens when we get older (after age of 60) and the other type which is secondary to other diseases that disturb normal bones metabolism (building up new bones and regeneration of old cells). Diagnosis starts with understanding patient history, and clinical examination. Routine X-ray usually tell about the strength of bone texture. Currently, we use a device called Dexa scan for diagnosis.”

Dr Suad Trebinjac, medical director of the Dubai Physiotherapy and Rehabilitation Centre, said: “People need to build strong bones throughout their life to avoid osteoporotic fractures. Many people do not even realise they have osteoporosis until a seemingly small fall leads to a fracture and the doctor informs them about the disease. Once it sets in, it becomes so difficult to manage.”

saman@khaleejtimes.com

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UAE warns citizens against travelling to Lebanon

The ministry advised citizens currently in Lebanon to contact the UAE Embassy in Beirut. The Ministry of Foreign Affairs and International Cooperation, MoFAIC, has warned UAE citizens against travelling to Lebanon until further notice due to recent security developments. Khalid Belhoul, MoFAIC Under-Secretary, has advised Emirati citizens currently in Lebanon to contact the UAE Embassy…

UAE warns citizens against travelling to Lebanon

The ministry advised citizens currently in Lebanon to contact the UAE Embassy in Beirut.

The Ministry of Foreign Affairs and International Cooperation, MoFAIC, has warned UAE citizens against travelling to Lebanon until further notice due to recent security developments.

Khalid Belhoul, MoFAIC Under-Secretary, has advised Emirati citizens currently in Lebanon to contact the UAE Embassy in Beirut to arrange for their safe return home.

The Ministry of Foreign Affairs and International Cooperation warns the UAE nationals against travelling to Lebanon until further noticehttps://t.co/TWmnTtJmyr
– ????? ???????? ???????? ?????? (@MoFAICUAE) October 18, 2019

Emirati citizens can call the following numbers for assistance: 009615928000, 0096171111856, or 009718004444.

Lebanon has been witnessing protests over deteriorating economic situations and the announcement of new taxes.

Saudi Arabia’s Embassy in Beirut also warned its citizens not to travel to Lebanon, and called on Saudi nationals already in the country to avoid protest areas.
Meanwhile, Kuwait’s embassy in Lebanon asked citizens wishing to travel to Lebanon to wait because of the current protests and unrest.

Bahrain warned against travel to Lebanon and called on its citizens in the country to leave immediately. 

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