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🌎 Chinese billionaire missing

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Fri, Feb 17, 2023 11:39 AM

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Plus: It’s-a here, Super Nintendo World! Was this newsletter forwarded to you? February 17, 202

Plus: It’s-a here, Super Nintendo World! Was this newsletter forwarded to you? [Sign up here](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/-2eKk2eF8BTlyXPnVsrPcj3ORJIgYz6lpy7xMzqZrJw=288) [Quartz](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850126500%2Fchinese-billionaire-missing%2F/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/0VtiDHMYocA-UC2oKjkwlN6p2HXYs3y8OnEAFdflVUw=288) February 17, 2023 [View in browser](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850126500%2Fchinese-billionaire-missing%2F/2/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/RsGmX0wbJpiWcR3xWrFpihhxAq9zsjYeQK4ohQv0Ykk=288) Good morning, Quartz readers! Here’s what you need to know China Renaissance can’t locate its CEO. Billionaire [banker Bao Fan](%2F%2Fqz.com%2Fchina-renaissance-ceo-billionaire-bao-fan-missing-1850126507%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=%26rev=1676632041841/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/BCU4HKkLwTPCptj8IjWNOv1HTywQiCYWxR3KWrTztsM=288) is the latest Chinese business leader to go missing. Tesla has fired workers at the Buffalo plant that’s seeking unionization. The carmaker claimed [it made the decision before learning](%2F%2Fqz.com%2Ftesla-buffalo-new-york-workers-fired-union-campaign-1850126442%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=%26rev=1676627685543/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/0wxo8YzCgpwnaCTeShJ1CMkFcmRRhqQvfLmhD-nr0xo=288) of the labor campaign. YouTube’s veteran Susan Wojcicki stepped down as CEO. Neal Mohan, YouTube’s current [chief product officer,](%2F%2Fedition.cnn.com%2F2023%2F02%2F16%2Ftech%2Fyoutube-ceo%2Findex.html/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/SsEFbTyfOLo-CE5wuPF0Ef5wULsekSss9gL4xgNLAho=288) will succeed her at the helm of Alphabet’s video sharing platform. US regulators charged Terraform Labs and its CEO Do Kwon with fraud. The fugitive crypto founder is already wanted in South Korea for his role in the [collapse of the TerraUSD stablecoin](%2F%2Fwww.cnbc.com%2F2023%2F02%2F16%2Fsec-charges-do-kwon-with-fraud-in-connection-with-terra-collapse.html/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/wZ82Xu8TT2Cw0u4WFFIRjBcAe1rENNe6uoDM2h28Ckg=288). Binance transferred $400 million to a trading firm. The funds were moved in 2021 from a Silvergate Bank account to Merit Peak, which is managed by the crypto exchange CEO Changpeng Zhao, [according to Reuters](%2F%2Fwww.reuters.com%2Ftechnology%2Fcrypto-giant-binance-moved-400-million-us-partner-firm-managed-by-ceo-zhao-2023-02-16%2F/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/fAjh7ZBhzGs-OWFD6Yw-00FV13rVx9S55WZn861r4lY=288). China sanctioned two major US defense contractors. Lockheed Martin and a unit of Raytheon [have been blacklisted](%2F%2Fqz.com%2Fchina-sanctions-raytheon-lockheed-martin-1850124249%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/dhIN7tp7TxCpvxNwcspzKbKRcMYcCWk2DsgfHsaJe_8=288) following their sale of arms to Taiwan. What to watch for %2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850126500%2Fchinese-billionaire-missing%2F/3/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/8GTVwWoVyEihBBqca4Q3T8s1_3Gjm0bH0aWPm16_iow=288 Gif: (Giphy) A theme park, inspired by the world of everyone’s favorite plumber, is [opening in California today](%2F%2Fqz.com%2Fsuper-nintendo-world-universal-studios-hollywood-open-1850122360%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=%26rev=1676563541885/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/RM7Nq_i3-LvFAZBagh6EtDeQTnvYzG52AkRCTksvnX0=288) (Feb. 17) at Universal Studios Hollywood. The opening of Super Nintendo World marks the second theme park collaboration between the Comcast-owned US entertainment giant and Japan’s video game behemoth, with the first having opened in Osaka, Japan in 2021. The roots of the collaboration were planted in 2015, when Nintendo looked for ways to recover its shine after the failure of its Wii U console. For Universal, working with Nintendo meant expanding its movie-inspired roster of parks and resorts to the video game world. It also led to Universal’s first Nintendo film, Super Mario Bros. Movie, due for release [on Apr. 7](%2F%2Fqz.com%2F2023-movies-release-date-watch-us-theaters-1849930639%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/eyLHnua5_M-m_tnmM3ikd852JLx2f2IUY18szxvIqAQ=288) (and which unfortunately doesn’t star Pedro Pascal). California is only the first stop in Mario’s US adventure. Universal plans to add a Super Nintendo World to its Orlando, Florida, theme park by 2025. Ford needs China’s help Almost exactly a century ago, Sun Yat-sen, the father of modern China, [wrote a letter to Henry Ford](%2F%2Fqz.com%2F137488%2Fthe-father-of-modern-china-begged-henry-ford-for-help-and-ford-turned-him-down%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/iBDqah7cu3jYBKPtERs6s1FWcxOTcj4MUnvnm2-vZRg=288). He asked Ford to help China build a “new industrial system.” Ford kept it curt and short: No thanks. That rejection hasn’t held up well. As the US tries to rebuild its own industrial base, companies are looking to none other than China for assistance. In a move that would make Alanis Morissette feel the irony, Ford’s new $3.5 billion electric vehicle battery plant in Michigan will use technology licensed from the [Chinese battery giant CATL](%2F%2Fqz.com%2F1585662%2Fhow-catl-became-the-worlds-biggest-electric-car-battery-company%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/Hb3AmARxnMdmZp6wKuTE_XRDwlYCkB4V1Bil44icA00=288). CATL has aggressively [expanded production in Europe](%2F%2Fqz.com%2Fchinas-ev-battery-makers-expand-in-europe-1849556695%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/2-IYC-hOo-5CtzRTaJj9zL2nv8cJTKBnROSiBSSGrZ4=288), but has yet to open a factory in the US, making its deal with Ford a huge win. US politicians and Chinese regulators have [criticized the arrangement](%2F%2Fqz.com%2Fford-s-ev-battery-deal-with-china-s-catl-echoes-industr-1850122701%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/9wY2oLFmwWsVsKhBq4_xOrG2aUWUStlmLI1byHYAFyA=288), but it’s unclear if geopolitical concerns will be able to override commercial interests. How consumers got hooked on fish sticks Frozen hunks of pollock were among the unlikeliest of heroes during the pandemic. Yet shoppers gobbled up more of the “futuristic” 1950s food as they [caught nostalgia for simpler times](%2F%2Fqz.com%2Femails%2Fquartz-obsession%2F1850119443%2Ffish-sticks-how-consumers-got-hooked/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/UA_vMa6_-Nc2mkiGBHUizp1JCMtpfwer5WEjtq9f01w=288), giving a boost to food suppliers and manufacturers for a product that even has sustainability perks. 🎧 Last year [on the Quartz Obsession podcast](%2F%2Fqz.com%2F2111238%2Fhow-fish-sticks-solved-some-of-the-food-worlds-biggest-problems%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/0O7OKcxrf5hSpbSlEfFnlC1gqg5LjmAtjbBbm9w6gf0=288), Liz Webber cast her line even farther and took host Kira Bindrim on a tour of the fish stick industry’s briny depths. All aboard, podcast lovers! Season 4 of the Quartz Obsession is about to cast off. ✅ Subscribe on: [Apple](%2F%2Fpodcasts.apple.com%2Fus%2Fpodcast%2Fquartz-obsession%2Fid1587735076/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/h-_WQxzVNvV09dz2U5ekqYNK-KfUDouZNEr_gu1vBrA=288) | [Spotify](%2F%2Fopen.spotify.com%2Fshow%2F6yEQvRgukZ7LJGdGXNi1BT/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/BDOwPR-vdsyU3OPPVv_TEZiK5tyMJw0e-_rNXfQvNxw=288) | [Google](%2F%2Fpodcasts.google.com%2Fsearch%2Fquartz%2520obsession/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/mJHiBd6RzvGsiENiHNifVgYXCOMzA1eACUoE4zFMZgo=288) | [Stitcher](%2F%2Fwww.stitcher.com%2Fshow%2Fquartz-obsession/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/ANjZpjG5IevY6AA7dknsi4BmNg7Z7_u0fbFPm5plkO0=288) Quartz’s most popular 🚨 [A tech founder who didn’t pay employees for months has been arrested](%2F%2Fqz.com%2Fslync-chris-kirchner-lavish-lifestyle-fraud-sec-fbi-1850116799%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/tKw3tNDBi3Hc55VC0rkfTnnOsp6pGeC_YLpgwR7t5iw=288) ⚡️ [Ford has found the source of F-150 Lightning’s problem](%2F%2Fqz.com%2Fford-f-150-lightning-production-delivery-delay-cause-1850121598%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/HYcNI92hmPPT7LYlNW-e52UxZjPkT15Ux4OiJ4XM_uA=288) 🏦 [The US should appoint a non-American to head the World Bank](%2F%2Fqz.com%2Fthe-us-should-appoint-a-non-american-to-head-the-world-1850121994%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/FvrFE34U_VwwFg_yXrBTWmPDwNcFqd7T-tLHoGMdL8Q=288) 🎰 [The founder of WallStreetBets is suing Reddit for banning him from the forum he created](%2F%2Fqz.com%2Freddit-wallstreetbets-founder-jaime-rogozinski-lawsuit-1850121580%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/StVDRTlj8rVgssDHovTr2l8Gyokyo_YQAAg46Zy7IeU=288) 🏝️ [How to host a destination offsite for your team or company](%2F%2Fqz.com%2Fhow-to-host-a-destination-offsite-for-your-team-or-comp-1850101828%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/NO7BC2oUDcBFNvELEcHEe5p2TZG4HLmQ-LhHYJIlqFU=288) ☠️ [A new report suggests Pablo Neruda was poisoned in the aftermath of Chile’s 1973 coup](%2F%2Fqz.com%2Fpablo-neruda-death-chile-pinochet-allende-coup-1973-1850119340%2F%3Futm_source=email%26utm_medium=daily-brief%26utm_content=/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/61tFtAy1Yqhpj_6vymPQXFC9hb8Ax0BjQulSExRCUoI=288) Surprising discoveries The derailed train in East Palestine, Ohio had a notorious nickname. Rail workers called the locomotive “[32 Nasty](%2F%2Fwww.vice.com%2Fen%2Farticle%2F88qze4%2F32-nasty-rail-workers-say-they-knew-the-train-that-derailed-in-east-palestine-was-dangerous/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/xuLsnQ-QhrRrUvkjvm2ytnNC-jZcFb8livEBiGQPbiU=288)” for a reason. A cancer patient developed an Irish brogue. Cases of foreign accent syndrome are rare, [but not unheard of](%2F%2Fwww.theguardian.com%2Fus-news%2F2023%2Ffeb%2F16%2Fus-cancer-patient-develops-uncontrollable-irish-accent-doctors-say/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/mg87tTk5HKOifAZJCa939kZIOrb-VzN8S0IXowoKf8U=288). Curly hair may have some cool origins. The hair type could have developed to [fend off heat](%2F%2Fwww.sciencealert.com%2Fcool-new-experiment-explains-why-we-evolved-curly-hair/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/YXU56b9tpx5ajm2QZEF9Dj1Lq8FaGtMcoBzap3WiTlc=288). Astrophysicists found a perfect kilanova. Two smashing neutron stars exploded [into a sphere](%2F%2Fwww.iflscience.com%2Fperfectly-spherical-kilanova-following-neutron-star-collision-hints-at-weird-physics-67567/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/-xWEN526TFQG04-hGKP8zqP3B_VdNEMU5pzhCeWL__c=288). Parents are sticking their kids in Russian Math. Probably [beats Rushing Math](%2F%2Fwww.townandcountrymag.com%2Fleisure%2Farts-and-culture%2Fa42891000%2Fwhat-is-russian-math-school%2F/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/L0sHkaQOcVkzLonC3JpCwucn4MDVqG2JiJf_Wcl2o9U=288), which happens on the bus 10 minutes before school. Our best wishes for a productive day. Send any news, comments, notorious nicknames, and spontaneous accents to hi@qz.com. Reader support makes Quartz available to all—[become a member](%2F%2Fqz.com%2Fsubscribe%2F/1/010001865f2c0762-004d468a-de50-4e2d-a269-f97093d58c7a-000000/ETkMJCmEHgNPxN9J8etHu32QszXdC8lEjzQ3DiY5Q7w=288). Today’s Daily Brief was brought to you by Ananya Bhattacharya, Sofia Lotto Persio, Julia Malleck, and Morgan Haefner. 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