Letter from Canada: US's Loss Is Toronto's Brain Gain
It is now called the Silicon Valley of the North. Indians in the tech industry looking for a more ‘secure’ alternative to the US, are joining 230 other nationalities who call the city of Toronto their home.
 
With half its population born outside Canada, Toronto is considered the fastest growing workplace for the tech industry in North America, beating New York and San Francisco (SFO) in job creation. 
 
A 50-city survey of 2017 shows that Toronto added 22,500 new tech jobs, compared to 5,370 in New York and 11,540 in SFO. Coldwell Banker Richard Ellis (CBRE), a global realty group produced this survey -- the North American Scoring Tech Talent Report.
 
There are striking geographical similarities between Silicon Valley, California and Toronto's tech industry. The Valley is a 300-km-stretch of tech firms from Santa Rosa to San Francisco while Canada's ‘Silicon Valley’ is a 112-km stretch that begins in Toronto and stretches to the sister cities of Waterloo and Kitchener, making it the second-largest innovation super cluster in North America.  
 
It accounts for 60% of all innovation in Canada, and is home to over a thousand tech companies such...
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COMMENTS

Shankar Pachari

2 weeks ago

Is Moneylife affiliated with "Movnorth" in any way? It is strange to see a specific immigration company mentioned in several ML articles related to Canada. It would be good if an unbiased source like Canadian government is quoted in the articles.

REPLY

Junaid Elsarraj

In Reply to Shankar Pachari 7 days ago

Mr Pachari, please read the article properly, Movenorth is not an immigration agency, its a website that matches employers with prospective employees looking for specific jobs in Canada. Think both he articles by the author were very well researched and informative.

Alibaba's Jack Ma to retire next year, Daniel Zhang to succeed
Alibaba's Executive Chairman Jack Ma will step down in September 2019 and hand over the reins to Chief Executive Daniel Zhang, the Chinese e-commerce giant said on Monday.
 
Ma, who co-founded the company almost 20 years ago which now is the world's biggest e-commerce behemoths, said in a letter to his employees that "transition demonstrates that Alibaba has stepped up from a company that relies on individuals, to one built on a culture of talent development".
 
Ma, who was a school teacher in China's small town of Hangzhou where Alibaba is headquartered and now one of the richest men in the world, will get to back to education, the billionaire said in a letter to his employees. 
 
On the company's 20th anniversary on September 10, 2019, Zhang will take charge as the new chairman.
 
The development comes days after his imminent retirement in a report by the New York Times, juked by the company.
 
"Ma will continue as the executive chairman of the company over the next 12 months to ensure a smooth transition to Zhang," a statement from the firm said. 
 
Ma's net worth is $36.6 billion.
 
Zhang, who was earlier the Chief...

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Billionarie Liu Qiangdong's arrest in US sparks outrage in China
The arrest of Liu Qiangdong, the chief executive of JD.com, has shocked Chinese society, which on Monday demanded more information about the alleged sexual misconduct of one of the country's richest men.
 
"Liu Qiangdong" and related tags were among the most searched on microblogging site Weibo - one of China's most popular social platforms, Efe said quoting the China Daily newspaper.
 
Around 22,000 of the 27,000 followers of the company's official account shared the statement it issued on the matter saying that Liu was questioned by the police in Minnesota.
 
The founder of the Asian e-commerce giant was arrested in Minnesota in the United States on Friday for alleged criminal sexual conduct and was released a day later, according to US media reports.
 
The Minneapolis Police Department told The New York Times daily that, although the magnate has been released, they are treating the case as an active investigation.
 
Questioned by the media during her regular press briefing, Chinese foreign ministry spokesperson Hua Chunying said the "consulate general in Chicago is closely following the relevant situation."
 
"We are trying...

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COMMENTS

Mohan Krishnan

3 weeks ago

Sexual misconduct with female (or Male) is a resume builder for Hollywood.

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