三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 国产第一页无线好源 | 女人色毛片女人色毛片中国 | 国产农村妇女成人精品 | 欧美日韩a∨毛片一区 | 在线视频一区二区日韩国产 | 国产麻豆视频免费观看 | 久久精品午夜视频 | 欧美高清一级毛片免费视 | 国美女福利视频午夜精品 | 亚洲欧洲色图 | 欧美日韩中文国产一区二区三区 | 亚洲欧美中文日韩在线v日本 | 国产精品亚洲精品观看不卡 | 黄片毛片在线看 | 久久91精品综合国产首页 | 亚洲国产精品综合久久一线 | 亚洲人成综合 | 午夜免费福利在线 | 国产精品 第二页 | 国产精品亚洲片在线va | 国产精品第八页 | 日本特黄特色大片免费播放视频 | 日韩视频 中文字幕 | 91大神大战丝袜美女在线观看 | 深夜福利视频在线看免费 | 亚洲色播永久网址大全 | 国产一区二区免费 | 久草播放器 | 欧美亚洲一区二区三区四 | 日韩字幕一中文在线综合 | 八十老妇xxxxx性开放 | 日韩亚洲成a人片在线观看 日韩亚洲欧美一区二区三区 | 激情亚洲婷婷 | 国产a级毛片 | 亚洲黄色激情网 | 亚洲无线一二三四手机 | 免费在线一级片 | 久久婷婷综合五月一区二区 | 国产大片黄在线看免费 | 亚洲国产麻豆 | 国产亚洲精品一区二区 |