February 1, 2017 / Fortune Asia / Volume 175 / Number 2

SECTION

FEATURES

THE AGE OF DIVERSITY

Google Searches Its Soul
By ELLEN MCGIRT
How the search giant’s own deep diversity efforts could change the way we all see the world. Plus: how Facebook thinks about inclusion.
PAGE NO. 28

THE AGE OF DIVERSITY
Tim Ryan’s Awakening
By ELLEN MGGIRT
PwC’s U.S. chairman has responded to national racial traumas with a rare willingness to address uncomfortable issues預nd to rally his firm and others. Can he really spark change?
PAGE NO. 38

Is the World Big Enough for Huawei?
By SCOTT CENDROWSKI
After climbing to the top of the smartphone market at home, the Chinese giant is taking off in Europe. But to challenge Apple and Samsung, the world’s No. 3 phonemaker needs to reach U.S. consumers熔r learn to live without them.
46

Buy. Squeeze. Repeat.
By GEOFF COLVIN
The Brazilian investors who control Kraft Heinz are applying their proven formula to construct a new global food colossus. What will they buy next?
54

DEPARTMENTS

BRIEFING

5 Obamacare
The GOP hasn’t budged on its pledge to repeal and replace the Affordable Care Act, but it’s not going to be easy.
By TORY NEWMYER

8 Cybersecurity
Meet the security pros getting a lift from the post-Soviet world’s hacking notoriety.
By VIVIENNE WALT

9 Awards
The hidden figures of the Oscars ad blitz.
By TOM HUDDLESTON JR.

10 Transit
The U.S. is getting a really bad deal on infrastructure.
By STEPHEN SMITH

11 Insight
What Facebook can teach publishers about consumer psychology.
By DEREK THOMPSON

FOCUS

TECH

12 The Rise of Synthetic DNA
Will we soon be buying silk, wood, and more fabricated out of genetic code?
By JENNIFER ALSEVER

14 Business in the Cloud
A little-known department at Alphabet has a strategy that might just save social media.
By JEFF JOHN ROBERTS

16 Next Gin
A tech industry veteran reinvents his career by embracing a family pastime: distilling spirits.
By JOHN KELL

18 If Silicon Valley Went to Washington
What if Donald Trump filled his cabinet with the best that tech has to offer?
By ROBERT HACKETT

VENTURE

19 How I Got Started
Real estate, publishing, philanthropy預nd optimism in the face of troubles・form the core of Francis Greenburger’s fascinating life.
Interview by DINAH ENG

INVEST

22 How Investors Win If Cash Comes Home
A proposed tax deal could encourage U.S. companies to repatriate $1 trillion, with some of it flowing straight to shareholders.
By SHAWN TULLY

24 When Shareholders Are Spectators
At founder-controlled companies, it’s hard to get management to do the right thing.
By RYAN DEROUSSEAU

FORUM

26 Disrupted
Age bias is real傭ut it shouldn’t stop older professionals from making their next career move.
By DAN LYONS

27 A Boom With a View
Will this be the year that virtual reality finally goes mainstream? I’m not convinced.
By ERIN GRIFFITH

BACK PAGE

LAST BYTE

64 Watching the Dow Leap
Dow 20,000 is a momentous milestone, and thanks to a post-election rally, it’s within reach.
Text by JEN WIECZNER; graphic by NICOLAS RAPP

CORRECTION

”Payback Time” (Jan. 1) incorrectly stated that SAC Capital did not plead guilty to criminal charges. In fact, the hedge fund did plead guilty to criminal insider-trading charges.

ON THE COVER: PHOTOGRAPH BY THE VOORHES

[IMAGES]

JAMIE CHUNG

ｩ Time Inc.