Commentary: Forrest Li losing billions in net worth is par for the course in the tech world - CNA

To weather the market selloff, embattled tech companies can take a leaf from Amazon’s survival strategy in the 2000s, says The Smart Investor co-founder David Kuo.

But there is more to Amazon than online sales. Its cloud computing unit, Amazon Web Services, saw a 37 per cent rise in revenue and a 59 per cent jump in operating income, which more than compensated… [+1498 chars]

full article...