www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 国产三级日本三级日产三 | 国产精品情侣久久婷婷文字 | 丝袜足液精子免费视频 | 久久久久久久国产精品毛片 | 国产高清自拍 | 成 人 亚洲 综合天堂 | 欧美成人免费网在线观看 | 国产美女作爱视频 | 日韩 亚洲 制服 欧美 综合 | 全国男人的天堂网站 | 久久免费观看国产精品 | 国产蜜汁tv福利在线 | 亚洲福利影视 | 怡红院视频在线 | 国产日产欧产精品精品推荐小说 | 日本www视频 | 欧美一级特黄aa大片 | 欧美俄罗斯一级毛片 | 色噜噜国产精品视频一区二区 | 国产青草| 亚洲国产精品一区二区首页 | 国产免费一级片 | 国产玖玖玖精品视频 | 99re8免费视频精品全部 | 精品九九视频 | 成人午夜免费观看 | 九九精品成人免费国产片 | www欧美com| 免费一级a毛片在线播放 | 日本三级一区 | 国产精品亚洲片在线观看不卡 | 国产黄色在线播放 | 一级一毛片a级毛片欧美 | 国产成人在线视频网站 | 日韩精品久久久免费观看夜色 | 久久91视频| 曰韩毛片 | 久久厕所 | 成人免费观看高清在线毛片 | 一级毛片无毒不卡直接观看 | 成人精品国产亚洲 |