Business Feed

Trinidad & Tobago: Strategizing Social Media

Global Voices - Business Feed - Wed, 02/05/2014 - 8:23pm

ICT Pulse recommends 5 critical building blocks upon which organizations can develop an effective social media strategy.

Categories: Business Feed

North Korea Rips Off Mac OS X

Global Voices - Business Feed - Wed, 02/05/2014 - 12:12pm

North Korea has released its own operating system, Red Star Linux, which remarkably resembles Apple's Mac OS X. One tech writer calls it ‘basically a Linux distro skinned to look like OS X‘ and if you want to check yourself, visit North Korea Tech blog who explains in detail with many screen shots. 

Categories: Business Feed

North Korea Rips Off Mac OS X

Global Voices - Business Feed - Wed, 02/05/2014 - 12:12pm

North Korea has released its own operating system, Red Star Linux, which remarkably resembles Apple's Mac OS X. One tech writer calls it ‘basically a Linux distro skinned to look like OS X‘ and if you want to check yourself, visit North Korea Tech blog who explains in detail with many screen shots. 

Categories: Business Feed

Kenya's 'guilt-free' shopping?

CNN - Business Feed - Wed, 02/05/2014 - 12:03pm
Serah Kanyua has created an online marketplace connecting those looking to buy, sell and trade clothes in Nairobi.
Categories: Business Feed

Kenya's 'guilt-free' shopping?

CNN - Business Feed - Wed, 02/05/2014 - 12:03pm
Serah Kanyua has created an online marketplace connecting those looking to buy, sell and trade clothes in Nairobi.
Categories: Business Feed

How to get a top job on Wall Street

CNN - Business Feed - Wed, 02/05/2014 - 10:54am
Named one of Fortune magazine's "Best Companies to work for," Goldman Sachs' vice president Edith Cooper reveals her journey to the top of the company and how they find new talent.
Categories: Business Feed

How to get a top job on Wall Street

CNN - Business Feed - Wed, 02/05/2014 - 10:54am
Named one of Fortune magazine's "Best Companies to work for," Goldman Sachs' vice president Edith Cooper reveals her journey to the top of the company and how they find new talent.
Categories: Business Feed

Cities fight for Chinese tourism

CNN - Business Feed - Tue, 02/04/2014 - 9:21pm
Is it "London Calling" or "Paris je t'aime" for Chinese tourists? The two European capitals go face to face in a battle over Chinese visitors' affections.
Categories: Business Feed

Cities fight for Chinese tourism

CNN - Business Feed - Tue, 02/04/2014 - 9:21pm
Is it "London Calling" or "Paris je t'aime" for Chinese tourists? The two European capitals go face to face in a battle over Chinese visitors' affections.
Categories: Business Feed

Bill Gates' 'pioneering' impact

CNN - Business Feed - Tue, 02/04/2014 - 9:16pm
To ask what impact Bill Gates has had on computing is, in a way, too small a question. For millions of people in the nearly four decades since he co-founded Microsoft, Gates has defined the entire field.
Categories: Business Feed

Bill Gates' 'pioneering' impact

CNN - Business Feed - Tue, 02/04/2014 - 9:16pm
To ask what impact Bill Gates has had on computing is, in a way, too small a question. For millions of people in the nearly four decades since he co-founded Microsoft, Gates has defined the entire field.
Categories: Business Feed

Chinese line up for 'millionaire visa'

CNN - Business Feed - Tue, 02/04/2014 - 6:50am
Rich Chinese nationals have been queuing up for the opportunity to live in Australia under the millionaire visa program.
Categories: Business Feed

Chinese line up for 'millionaire visa'

CNN - Business Feed - Tue, 02/04/2014 - 6:50am
Rich Chinese nationals have been queuing up for the opportunity to live in Australia under the millionaire visa program.
Categories: Business Feed

Super Bowl sets Twitter records

CNN - Business Feed - Mon, 02/03/2014 - 9:32pm
Twitter reported that a record 24.9 million tweets about the game were sent during the Super Bowl telecast, topping the 24.1 million from last year's game.
Categories: Business Feed

Super Bowl sets Twitter records

CNN - Business Feed - Mon, 02/03/2014 - 9:32pm
Twitter reported that a record 24.9 million tweets about the game were sent during the Super Bowl telecast, topping the 24.1 million from last year's game.
Categories: Business Feed

How planes endure cold

CNN - Business Feed - Mon, 02/03/2014 - 9:31pm
Who in their right mind would swap the south of France for the Canadian Arctic in the middle of winter?
Categories: Business Feed

How planes endure cold

CNN - Business Feed - Mon, 02/03/2014 - 9:31pm
Who in their right mind would swap the south of France for the Canadian Arctic in the middle of winter?
Categories: Business Feed

China's Second Largest Online Retailer JD.com Files for US Stock Listing

Global Voices - Business Feed - Mon, 02/03/2014 - 9:02pm

JD.com Inc., a major Chinese e-commerce company, has filed to raise up to 1.5 billion US dollars in an initial public offering (IPO) in the US, making it the largest IPO of a Chinese Internet company in the states thus far.

JD is a major competitor to Alibaba Group Holding Ltd., China's biggest e-commerce company, which is also considering going public in what is expected to be a much larger IPO valued around 100 billion. JD's business model is more similar to that of Amazon.com in that it is a direct seller of goods held in sprawling warehouses, while Alibaba runs online marketplaces.

The company's most distinctive feature is its highly efficient delivery team that reaches third-tier cities and is currently expanding to rural villages. Below is the latest advertisement of the company that highlights its delivery service:

JD.com, founded by its chairman Richard Liu Qiangdong only ten years ago, had 35.8 million customer accounts by the end of the third quarter of last year. After two years of losses, the company said it registered a profit of 60 million yuan (about 9.9 million US dollars) in the first three quarters of last year, mainly due to interest income.

The company said it would use the funds raised to “acquire land use rights, build new warehouses and establish more delivery stations,” according to the filing. It currently operates 82 warehouses and 1,453 delivery stations across China.

Although the company's profit comes from its interest and the reach of its e-commerce platform is far behind Alibaba and Tencents, JD.com has its supporters. IT news commentators Xie Pu and Xu Ji highlighted the great potentials of the company's logistics, in particular its nationwide warehouse and goods delivery network:

????????????????????????????????????????????——????????????????????????

We support JD.com because Richard Liu sees the intertwine between the virtual and the real. In the past ten years, it built its logistics system. JD.com is a logistic infrastructure. It helps the company to sustain and expand its business.

????????????????????????????????????????????????????????????????????????????

We support JD.com because it does not make easy money. E-commerce is no game and it has very little profit margin. To make money by building its logistic infrastructure and hiring tens of thousands delivery workers, this is not an easy task and the long-term effect will show.

China’s e-commerce boom

By 2015, China will have surpassed the US as the leading e-commerce market, according to consulting firm Bain & Company. On November 11, China marked its “Super Singles” day for jewelry and other sales to entice couples to shop for their loved ones. Sales hit five billion US dollars. By comparison, last year’s Black Friday and Cyber Monday sales combined reached around three billion dollars.

In such as huge market, local corporates such as JD.com perform much better than international giant corporates such as Amazon. Chinese New York Times columnist Li Chengdong compared JD.com and Amazon's performances in China on his Weibo:

??????????????????????10??????????????????????????????;?????????;??????????????;??????????????????????????????????????????????????????????????

In the rest of the world, Amazon occupies the number one position in all its markets. The company has been in China for about ten years and its services in China are on average better than the rest of the world. Amazon has more money, better technology, more advanced warehouses than JD.com. If I have to explain why Amazon cannot beat down JD.com, it is because of Richard Liu. Amazon is run by a team of professional managers [rather than an entrepreneur like Liu].

However, Jing Nanke, who is customer of both Amazon and JD.com, disagreed with Li's judgement:

????????????????????????????????????????????????????????????????????????????

Nonsense, I am customer of both online platforms and I like JD better. Its customer service, delivery service and platform friendliness is better than Amazon. I don't think Amazon can gain an upper hand in China.

Lingpeng1973 said the “professional managers” of Amazon are poor at localization of e-commerce:

???????????????????????????????????????????????????????????????????????????????????????????????????????????????

The professional managers don't understand how to run e-commerce in China and they are responsible to Seattle. They don't want to make mistakes rather than taking risks to compete for success. Thus, when competing with Richard Liu and Li Guoxin [CEO of Dangdang.com, China's biggest online bookstore], who play the game differently, it barely makes business. Because of Amazon's super technology and warehouses, it had great potential before. Now that JD.com, among others, have established themselves in China, Amazon has lost its edge.

Li Guoqing, CEO of another online retailer, Dangdang.com, believed that going public in the US could help JD.com to improve the company's capital flow and transparency:

???????????????????????“13?????14????”????????14?Q1????????????????????????????????

Now the US capital market is becoming overheated, which offers good timing for fundraising. Liu once said “JD will gain profits in 2013 but will not go public in 2014″, but I would advise him to go public in the first quarter of 2014 so as to improve capital flow and increase audit transparency.  

Categories: Business Feed

China's Second Largest Online Retailer JD.com Files for US Stock Listing

Global Voices - Business Feed - Mon, 02/03/2014 - 9:02pm

JD.com Inc., a major Chinese e-commerce company, has filed to raise up to 1.5 billion US dollars in an initial public offering (IPO) in the US, making it the largest IPO of a Chinese Internet company in the states thus far.

JD is a major competitor to Alibaba Group Holding Ltd., China's biggest e-commerce company, which is also considering going public in what is expected to be a much larger IPO valued around 100 billion. JD's business model is more similar to that of Amazon.com in that it is a direct seller of goods held in sprawling warehouses, while Alibaba runs online marketplaces.

The company's most distinctive feature is its highly efficient delivery team that reaches third-tier cities and is currently expanding to rural villages. Below is the latest advertisement of the company that highlights its delivery service:

JD.com, founded by its chairman Richard Liu Qiangdong only ten years ago, had 35.8 million customer accounts by the end of the third quarter of last year. After two years of losses, the company said it registered a profit of 60 million yuan (about 9.9 million US dollars) in the first three quarters of last year, mainly due to interest income.

The company said it would use the funds raised to “acquire land use rights, build new warehouses and establish more delivery stations,” according to the filing. It currently operates 82 warehouses and 1,453 delivery stations across China.

Although the company's profit comes from its interest and the reach of its e-commerce platform is far behind Alibaba and Tencents, JD.com has its supporters. IT news commentators Xie Pu and Xu Ji highlighted the great potentials of the company's logistics, in particular its nationwide warehouse and goods delivery network:

????????????????????????????????????????????——????????????????????????

We support JD.com because Richard Liu sees the intertwine between the virtual and the real. In the past ten years, it built its logistics system. JD.com is a logistic infrastructure. It helps the company to sustain and expand its business.

????????????????????????????????????????????????????????????????????????????

We support JD.com because it does not make easy money. E-commerce is no game and it has very little profit margin. To make money by building its logistic infrastructure and hiring tens of thousands delivery workers, this is not an easy task and the long-term effect will show.

China’s e-commerce boom

By 2015, China will have surpassed the US as the leading e-commerce market, according to consulting firm Bain & Company. On November 11, China marked its “Super Singles” day for jewelry and other sales to entice couples to shop for their loved ones. Sales hit five billion US dollars. By comparison, last year’s Black Friday and Cyber Monday sales combined reached around three billion dollars.

In such as huge market, local corporates such as JD.com perform much better than international giant corporates such as Amazon. Chinese New York Times columnist Li Chengdong compared JD.com and Amazon's performances in China on his Weibo:

??????????????????????10??????????????????????????????;?????????;??????????????;??????????????????????????????????????????????????????????????

In the rest of the world, Amazon occupies the number one position in all its markets. The company has been in China for about ten years and its services in China are on average better than the rest of the world. Amazon has more money, better technology, more advanced warehouses than JD.com. If I have to explain why Amazon cannot beat down JD.com, it is because of Richard Liu. Amazon is run by a team of professional managers [rather than an entrepreneur like Liu].

However, Jing Nanke, who is customer of both Amazon and JD.com, disagreed with Li's judgement:

????????????????????????????????????????????????????????????????????????????

Nonsense, I am customer of both online platforms and I like JD better. Its customer service, delivery service and platform friendliness is better than Amazon. I don't think Amazon can gain an upper hand in China.

Lingpeng1973 said the “professional managers” of Amazon are poor at localization of e-commerce:

???????????????????????????????????????????????????????????????????????????????????????????????????????????????

The professional managers don't understand how to run e-commerce in China and they are responsible to Seattle. They don't want to make mistakes rather than taking risks to compete for success. Thus, when competing with Richard Liu and Li Guoxin [CEO of Dangdang.com, China's biggest online bookstore], who play the game differently, it barely makes business. Because of Amazon's super technology and warehouses, it had great potential before. Now that JD.com, among others, have established themselves in China, Amazon has lost its edge.

Li Guoqing, CEO of another online retailer, Dangdang.com, believed that going public in the US could help JD.com to improve the company's capital flow and transparency:

???????????????????????“13?????14????”????????14?Q1????????????????????????????????

Now the US capital market is becoming overheated, which offers good timing for fundraising. Liu once said “JD will gain profits in 2013 but will not go public in 2014″, but I would advise him to go public in the first quarter of 2014 so as to improve capital flow and increase audit transparency.  

Categories: Business Feed

The women who run Hollywood

CNN - Business Feed - Mon, 02/03/2014 - 7:40am
Glimpse behind the curtain and find out more about the female movers and shakers of Tinseltown.
Categories: Business Feed
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