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Classified billionaire MacBain signs ‘Giving Pledge’

John McCall MacBain, a Canadian billionaire who made his money in classified advertising, has signed The Giving Pledge with his wife Marcy. With the pledge, they have agreed to give at least half of their wealth to charity or philanthropic causes. The MacBains focus...

Baidu hires new VP after clearing house

Chinese search giant Baidu has appointed a new vice president to oversee its M&A and strategic investment unit. The move follows the departure of at least five executives in recent months, according to a report in Caixin. The hiring of He Junjie (also known as...

58.com CEO joins Uxin board

Michael Yao Jinbo, CEO of classified giant 58.com (NYSE: WUBA), has been named to the board of directors of Uxin (Nasdaq: XIN) amidst a significant executive shake-up. This comes a week after 58.com and others made a $230 million U.S. investment in the b-to-b and...