日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Technology

After CEO death, techies ponder 9-to-9 workday

(China Daily) Updated: 2016-10-24 07:45

After CEO death, techies ponder 9-to-9 workday

Zhang Rui, the founder of the startup Chunyu Doctor, speaks at the Digital China Forum at the Second World Internet Conference's closing ceremony in Wuzhen, East China's Zhejiang province, Dec 17, 2015. [Photo/VCG]

The premature death of the 44-year-old founder of a prominent mobile health app startup has spurred a bout of soul-searching in the Chinese tech community, where working long hours in the hope of making a quick fortune has become a way of life.

Zhang Rui, founder and chief executive officer of the startup Chunyu Doctor, died from a heart attack on Oct 5. Heart attacks can have many causes and Chunyu spokesman Tan Wanneng said there's no evidence that Zhang's death was due to overwork.

Yet, as tech executives mourn his passing, that hasn't stopped some from wondering about the deeply competitive nature of their industry and the potential health burdens they face.

"The stress and loneliness that startup founders feel can't be comprehended by normal people," Leon Li, founder of Huobi, one of China's largest bitcoin exchanges, wrote on his WeChat account in response to Zhang's death. "Especially in the internet sector, where entry barriers are low and competition is fierce, it's like stepping on thin ice."

Inspired by the rise of Alibaba Group Holding Ltd, which raised $25 billion in a 2014 initial public offering, China's new generation of entrepreneurs has been engaged in a fierce battle for capital and talent.

The country saw the startup of 1.2 new internet companies every day in the second quarter. While Silicon Valley is also renowned for its competitive culture and lengthy hours, China's entrepreneurs face a unique set of challenges because the industry is more nascent, and regulations and funding are in constant flux.

"The China startup community is under a lot of pressure, if not as much but even more than in the Valley or in the States," said Dave McClure, the founding partner of Mountain View, California-based venture firm 500 Startups. "Unfortunately, I think people don't think about health issues that much."

McClure said that among the more than 3,000 founders that he has invested in globally, at least six have passed away, with even one committing suicide.

Zhang died at a critical juncture for Chunyu. In June, it completed a 1.2 billion yuan ($178 million) round of Series D fundraising at a valuation of about $1 billion and was planning to go public, according to Tan. Startups with a valuation exceeding that mark are known as "unicorns."

For a few months when Chunyu was first founded, the company sometimes required a so-called "996 schedule"-Chinese slang for working from 9 am to 9 pm six days a week-Tan said, adding that the company is long past that stage.

Zhang started out as a journalist at a Beijing newspaper, and worked as deputy editor-in-chief at NetEase, a Chinese internet portal. In 2011, he founded Chunyu, which allows patients to have online consultations with doctors, skipping the wait at overcrowded public hospitals.

Chinese executives have for years talked about the difficulties in balancing work and life. After fighting cancer, Kai-Fu Lee, a longtime tech executive, published a book last year saying that he saw the disease as a sign of protest from his body after decades of 15-hour workdays during a high-flying career.

Lee is currently running his own company called Sinovation Ventures that invests in startups and he previously held jobs at Apple Inc and Microsoft Corp, and served as Google Inc's Greater China vice president from 2005 to 2009. Jean Liu, president of taxi-hailing app Didi Chuxing, has encouraged her staff to exercise more and take care of their health.

People who work for more than 55 hours a week face an increased risk of stroke and coronary heart disease compared to those working the standard hours of 35 to 40 a week, according to a study based on data from more than 600,000 individuals, published last October in the medical journal The Lancet.

The unexpected death of a founder can also highlight the importance of succession plans, according to Paul Asel, Palo Alto, California-based managing partner at Nokia Growth Partners. Chunyu in an Oct 6 statement said its businesses are operating as normal with Zhang's duties taken up by co-founder Li Guanghui.

Startup executives face long hours, conflicts with partners and family, and worries about fundraising, Wang Lifen, founder of Youmi, a provider of training courses for entrepreneurs, said in an article mourning Zhang's death in her Weibo microblog.

"This is a group of people who are surrounded by envious looks from outsiders, who appear at forums and under the spotlight bearing the fine title of entrepreneurs, but do not have a moment of peace in their hearts," said Wang.

BLOOMBERG

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 97午夜影院 | 日韩高清久久 | 爱爱视频天天干 | 成人一区二区三区 | 一级肉体全黄裸片 | 影音先锋激情 | 欧美影院一区 | 日韩欧美小说 | 日本不卡中文字幕 | 91美女福利视频 | 成人免费视频网址 | av超碰在线观看 | 久久不雅视频 | 色伊人久久| 2020自拍偷拍| 国产精品亚洲一区二区三区 | 成人激情视频在线观看 | 久久成人在线 | 欧美成人三级在线 | 成人在线中文字幕 | 日韩一区二区中文字幕 | 久久久久久久久网 | 日本天堂在线播放 | 中文在线资源 | 中文字幕av播放 | 亚洲视频在线一区 | 国产精品视频免费看 | 国产精品爽 | 黄色片免费观看 | 天美传媒免费在线观看 | 日韩成人免费 | 久久成年视频 | 天天做天天爽 | 国产午夜精品视频 | 日韩欧美视频一区 | 精品国产一区二区三区在线观看 | 成人久久久精品国产乱码一区二区 | 国产123区| 97av视频在线 | 天天爽天天做 | 国产一区在线观看视频 |