Tag Archive: business – expert

  Citic group and Carlyle group will take over 80% of McDonald’s enterprise in Asia. The newly-signed deal dictates the firms’ domination over 2,000 McDonald’s outlets across China and Hong Kong. The said undertaking conforms to the US chain store’s plan to establish more international franchises. Under the $2.1 billion deal, China’s state-owned investment group, Citic acquires a 52% stake. The US private equity firm, Carlyle, picks up a 28% holding. The 20% remainder of the share is then kept by McDonald’s. Coincidentally, the owner of KFC and Pizza Hut, Yum brands, realigns business as both competing companies intend to bounce back after the recent food scare reports in Asia….
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  Yahoo fell victim to 2013 hacking incident–weighed as the biggest data infringement in history. Personal information of Yahoo users including phone numbers, passwords, security questions, and backup email addresses had been stolen in the modus operandi. The acquired data was up for trading on the dark web, but its value had been expected to suffer since the incident had been public. Cybersecurity firm, InfoArmor, has identified Eastern Europe-based group of hackers called Group E responsible for the cybercrime. The same group was reported to have previously attacked Dropbox, Tumblr, and VK.com. This act was often led to identity theft where hackers could obtain further information. Hackers such as Group…
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  Online store Amazon has set a cutoff point on the allowed number of reviews per user. The site’s revised rules consent five ratings per week only, of items not purchased via the website. This is to abolish feigned ratings on the online marketplace – an act to regain the customers’ trust. On top of that, Amazon has engaged in a lawsuit against sellers that trade complimentary merchandise in exchange of affirmative ratings. This act also intends to clamp down people exploiting online merchants through such agreement. The online store also targets to hamper reviews of purchased products if it has an unusually huge number of reviews in an instant….
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  Amidst the surprising U.S. Presidential race results electing Donald Trump, many pointed their fingers at Facebook for fabricated stories circulating the site at the height of the campaign period. Facebook CEO Mark Zuckerberg detailed his team’s new strategies on getting rid of fake news to save the site’s credibility. They would involve an improved detection system, easier reporting by users, and changes to the site’s advertisement system. Business analysts were apprehensive upon hearing the social networking giant’s intention of modifying its advertisement system, as it could directly impinge its revenue figures. Advertisers’ claim of inaccurate metrics and toil of its advertisement server Atlas counted up to the sliding income…
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  The leading e-commerce Chinese company Ali Baba has transformed Singles’ Day into the world’s biggest shopping bonanza–a significant breakthrough since the annual event’s debut last 2009. Ali Baba’s reported sales for November 11th totaled to 121 billion yuan ($18 billion), an ample difference of 32 percent from the preceding year’s sales of $14.3 billion. The Chinese company detailed 82 percent of purchases were made on smartphones. But some were skeptical about the accuracy of these figures amid claims of excessive sales data provided by online retailers. Alleged online merchants trading imitation products is just another hitch the industry is facing. Notwithstanding these reports, analysts said the online shopping will…
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  China’s October exports declined 7.3 percent, while imports dwindled 1.4 percent compared with preceding year’s figures–both dropped more than what’s expected. According to the General Administration of Customs, China currently has a trade surplus of $49.06 billion for October as a result. Compared against September’s trade surplus of $41.99 billion, their forecast is to have inflated to $51.70 billion. Analysts said that the changes in statistics lead to the recurring slack global demand.   Vocabulary: dwindle – to gradually become smaller preceding – existing, happening trade surplus – a situation in which a country sells more to other countries than it buys from other countries forecast – to say…
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  Kellogg’s sales percentage goes through a rough patch for the seventh time. 2016 third-quarter reports show a comparable difference of 2.3% on net sales. The American multinational food manufacturing company account the extended shortfall on sales to the declining demand for cereals in the US and the UK. On the contrary, John Bryant, Kelloggs Chairman and CEO, says that their third-quarter earnings exceeded their expectations. Dr. Dimitrios Tsivrikos, a business psychologist at University College London, assumes that the deteriorating figures could be due to people’s differing breakfast habits. He elaborates that a lot of individuals allot only five to six minutes on their first meal, and are looking for…
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  Options for mobile carriers are stretching wider range unlike never before; as both small telcos and major phone carriers have started offering cheaper mobile plans on different data transmissions. While low-cost carriers capitalize on introducing flat-rates on both limited and unlimited call lengths, Telco giants, on the other hand, are trying to accommodate consumers with affordable mobile services under different brand names. The 5gb data volume on smartphones from low-cost service providers that starts at ¥2,000 a month (excluding the consumption tax) is a winning deal as compared to the same data package from bigtime carriers that starts their pricing at ¥7,000. In fact, a research by MM Research…
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  Formed in 2014 to innovate an autonomous driving system and manufacture cars in the next 3 years, Apple, Inc. initiates modification on Titanic plan. The technology company headquartered in Cupertino, California fears pressing risk on quality assurance might cause a detriment to the distinguished brand, thus, eases on its initial scheme of establishing an automotive line. Reports say the team leaders made revisions on the previous proposal to pave the way to collaborate with car manufacturers momentarily, or reconsider automotive ambitions in the long run. While some workers were reassigned or let to leave voluntarily, this decision led to termination of hundreds of employees previously participated in the project….
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  The gaming company Nintendo just recently gave a sneak peek at their highly-anticipated new console–Nintendo Switch. The said portable hybrid device that can be played both in and outdoors was introduced in a video on the company’s YouTube channel. The firm promised unique gameplays while having the mobility on a powerful home-gaming system. It has a removable screen with attached controllers that give the device a tablet-like vibes. While the console is expected to roll out in March next year, the tech giant did not drop a hint on its specifications and pricing. The revelation of several key partners like Capcom, Ubisoft, and Square Enix, is a nice giveaway,…
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