🌎 Chinese billionaire missing

Plus: It’s-a here, Super Nintendo World!

Good morning, Quartz readers!

Here’s what you need to know

China Renaissance can’t locate its CEO. Billionaire banker Bao Fan 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 of the labor campaign.


YouTube’s veteran Susan Wojcicki stepped down as CEO. Neal Mohan, YouTube’s current chief product officer, 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.


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.

China sanctioned two major US defense contractors. Lockheed Martin and a unit of Raytheon have been blacklisted following their sale of arms to Taiwan.

What to watch for

Gif: Giphy

A theme park, inspired by the world of everyone’s favorite plumber, is opening in California today (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 (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. 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.

CATL has aggressively expanded production in Europe, 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, 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, giving a boost to food suppliers and manufacturers for a product that even has sustainability perks.


🎧 Last year on the Quartz Obsession podcast, 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.


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Parents are sticking their kids in Russian Math. Probably beats Rushing Math, which happens on the bus 10 minutes before school.


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