Exposing Jack Ma, Big Pharma, and Chinese Fraud (w/ Carson Block)

Famed activist short seller Carson Block pulls no punches as he takes aim at Canada, Jack Ma and the U.S. pharmaceutical industry in this interview with Brian Price. Block, who serves as CIO of Muddy Waters Research, discusses the red flags he looks for when hunting for fraud, and reveals which companies are currently on his radar. Carson also touches on how his line of work has led to both tremendous success and death threats. Filmed December 4, 2018 in New York.

Alibaba’s Jack Ma Tells U.S. Companies to Stop Whining About China

Magnate tells firms to ‘follow the rules’ and plan for the long term

Companies that struggle here may simply not be taking the right approach, Mr. Ma said Tuesday at a prominent internet forum.

“I gave advice to Jeff Bezos 10 years ago,” Mr. Ma said, referring to Amazon.com Inc.’s chief executive. “I said: ‘Please send people with entrepreneurial spirit, not professional management. Because wherever you go, doing business in another country is very difficult.’”

.. “Give me five examples of Chinese companies that succeed in America,” he said. “Or Asian companies that succeed in America. Because it’s not easy to do business across nations, it takes time.”

.. Mr. Ma’s comparison is flawed, said Kenneth Jarrett, president of the American Chamber of Commerce in Shanghai. He said American firms have been active in China for a long time, while Chinese companies are just making inroads in the U.S.

.. Mr. Ma said foreign firms must be prepared to abide by China’s laws and not expect quick success.

“When you determine to come, prepare for it. Follow the rules and laws and spend 10 years,”

.. Facebook and Google cannot be accessed in China without VPNs, but both companies have been exploring ways to increase their presence here.

Bill Gates, Others Launch Clean Energy Fund

The $1 billion Breakthrough Energy Ventures will invest in companies that make clean energy cheaper

 .. Fellow investors include Amazon.com Inc. Chief Executive Jeff Bezos, LinkedIn Corp. Chairman Reid Hoffman, Alibaba Group Holding Ltd. Chairman Jack Ma, and retired hedge fund manager John Arnold.
.. Members include billionaires Tom Steyer, George Soros and Richard Branson, and the University of California.
.. Reducing the cost of renewable energy, such as wind and solar power, and making it cheaper to add more of this power to the grid are areas the fund would likely support, Mr. Gates said in an interview.
.. While current clean-energy technologies should be used as much as possible, the technologies that will enable the U.S. and the world’s other major economies to cut greenhouse gas emissions to zero by 2050 will be invented in the next 10 to 20 years, Mr. Gates added.
.. “By 2050, at least the large countries in the key sectors have to essentially be at zero,” he said.
.. Mr. Gates said that he and other investors want to convince the Trump administration to maintain or increase government funding for energy research and development.
.. U.S. venture-capital equity financing has fallen for new energy and other clean technology companies, to $2.2 billion this year through September, from $5.7 billion in 2011
.. More investment in next-generation technologies, such as power storage, could help solve some of the problems that come from generating more power from wind and sunshine, some energy industry participants and analysts said.