Reuters: Alibaba's Jack Ma Dethroned as China's Richest by Solar Magnate
Alibaba Group Holding Ltd.'s Jack Ma is no longer China's richest man, according to a report on Tuesday, with the top spot snatched by Li Hejun, a solar energy entrepreneur whose Hanergy Holding Group Ltd. has come under fire for its intragroup dealings.
E-commerce tycoon Ma and his family slipped to No. 3 in China, and No. 34 globally, on the Hurun Global Rich List, with a personal wealth of $24.5 billion. He was topped by Li, who has a net worth of $26 billion. The No. 2 spot was held by Dalian Wanda Commercial Properties Co Ltd.'s Wang Jianlin and his family.
Mashable: Tesla App for Apple Watch Could Let you Control a Car From Your Wrist
What if you could enable Tesla's "Insane Mode" from your shiny new Apple Watch?
We're not there quite yet (the Apple Watch won't even be available until April), but one developer has already created a working concept app that shows how you might soon be able to remote-control a Tesla from your wrist.
Bloomberg Business: Google Is Developing Its Own Uber Competitor
Uber faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and some well-funded rivals. But the most significant threat to the app-based transportation company may be much closer to home: one of its biggest investors, Google.
Now there are signs that the companies are more likely to be ferocious competitors than allies. Google is preparing to offer its own ride-hailing service, most likely in conjunction with its long-in-development driverless car project.
Economic Times: World Bank May Lend $500 Million to Power Grid for Solar Infrastructure
The World Bank is likely to disburse $500 million to the Power Grid Corporation of India for strengthening solar transmission, according to a senior executive of the state-owned company.
"The World Bank has expressed its intent to give the loan. The development is in the initial stage and talks are still going on. We expect to finalize this in three to four months," the executive, who did not want to be named, told ET.
Reuters: Pace of German Solar Panel Additions Slows in 2014
German solar panel installations fell by 42.4 percent last year to 1.9 gigawatts, data from energy regulator, the Bundesnetzagentur, showed.
The government had allowed up to 2.6 GW of new units to receive feed-in tariffs each year, showing that efforts to rein in the expansion of solar have been successful.
A green energy law last summer set the caps on new builds, as well as requiring operators to align their output volumes more directly with the market rather than relying on subsidies.