Ant Looks to Revamp a Controversial Business Without Sparking an Outcry

Ruben Onsu

Ant Group Co., which has pledged to get all its financial services fully regulated, is exploring ways to revamp a popular and controversial product that nearly 91 million Chinese citizens count on.

Ant’s Xianghubao “mutual aid” service is a type of crowdfunded medical coverage. Signing up is free, and members are entitled to receive lump-sum cash payouts of up to $45,000 in cases of certain critical illnesses or life-threatening injuries. It was built on the premise that there is safety in numbers: Members have been contributing the equivalent of less than a penny toward each claim.

Ant is in

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Married N.J. spa owners used business to trade sex for money, authorities allege

Ruben Onsu

A Toms River husband and wife who own a spa in town were charged last month with promoting prostitution and two counts of money laundering, the Ocean County Prosecutor’s Office announced Wednesday.

Wayne Lefkowitz, 56, of Toms River, and Guihua Cui, 51, were charged on April 28 and April 29, respectively, the office said. Lefkowitz and Cui are married.

The charges came after a year-long investigation by the office into the Lakewood Road business, Spa 1800, by the office’s economic crime squad and special victims unit, authorities said.

Although the spa appeared to be operating as a legitimate business,

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5 Best Industries for Starting a Business in 2021

Ruben Onsu

In periods of dramatic change, entrepreneurship thrives. When the Covid-19 pandemic altered so many aspects of our lives, it also accelerated the growth of some nascent industries, and opened up new niches in which quick-thinking founders could start and grow successful businesses. After combing through the latest data and speaking to experts, we’ve compiled those promising sectors for Inc.‘s annual Best Industries report. Read on to learn which industries will give rise to the next generation of fast-growing startups.

Virtual Reality Workplace Training

Virtual reality and augmented reality tools were already on their way to being integrated into the

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Beginning Friday, R.I. business restrictions are relaxing. Here’s what you need to know

Ruben Onsu

PROVIDENCE — Business owners rejoiced last month when Governor Daniel J. McKee said nearly all state-mandated restrictions would end in Rhode Island by Memorial Day weekend.

But even before the May 28 holiday, there will be incremental changes in every industry, starting Friday. Here’s what you will be allowed — and not allowed — to do.

Mask wearing: Face masks are still going to be required indoors, but they won’t be required outdoors if you stay at least three feet away from others.

Social gatherings: Up to 25 people can gather indoors, and up to 75 people outdoors.

Dining: Restaurants

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Amazon Care signs first customer for burgeoning health business

Ruben Onsu

Amazon Care signed its first enterprise customer this week, a significant milestone as the virtual-first health care platform looks to expand its footprint.

The client, Precor, is a fitness business that was recently acquired by fitness technology company Peloton for $420 million in cash. Although small financially, the deal is a significant opener for Care, which in recent months has laid the groundwork for a national expansion, as STAT first reported in March.

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How to Prepare and Write the Perfect Business Plan for Your Company

Ruben Onsu

15+ min read

Are you preparing to start your own business but uncertain about how to get started? A business plan ought to be one of the first steps in your entrepreneurial journey because it will organize the ideas that have been spinning around in your brain and prepare you to seek funding, partners and more.

What is a business plan?

A business plan is a detailed document that outlines a company’s goals and how the business, well, plans to achieve those goals over the next three or more years. It helps define expected profits and challenges,

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