WeChat accounts cross one billion mark: CEO

WeChat’s worldwide accounts have crossed the one billion mark, according to the chief executive of its parent company Tencent. The all-in-one app is a daily necessity for most Chinese, bringing together messaging, social media, mobile payment, games, news and other services. “WeChat’s worldwide monthly active users have surpassed the critical one billion mark,” CEO Pony Ma… Read more

Coca-Cola to launch its first alcoholic drink in Japan

Coca-Cola plans to launch its first ever alcoholic drink in Japan, in a suprising departure for a US company identified with cola and other non-alcoholic beverages. While Coca-Cola dabbled in the wine business in the 1970s, the Japanese experiment is “unique” in the company’s 125-year history, said Coca-Cola Japan president Jorge Garduno. The new offering will… Read more

Japan railway ‘deeply sorry’ after train leaves 20 seconds early

A Japanese railway operator has issued a deep apology for the “tremendous nuisance” caused by a train departing 20 seconds early, surprising even a nation renowned for both punctuality and politeness. The Tsukuba Express train linking Tokyo and the capital’s northern suburbs pulled out of Minami Nagareyama Station at 9:44:20 instead of 9:44:40. “We deeply apologise… Read more

Rihanna’s Fenty Beauty Sells $72 Million in One Month

Rihanna’s on her way to becoming a beauty industry mogul after customers emptied their pockets to stock up on Fenty Beauty products, earning the “Work” singer’s new makeup collection approximately $72 million in just one month, according to WWD. The beauty brand debuted on September 9, with a line of products that includes 40 shades of… Read more

Monks and nuns make big business in France

After prayers at the Chantelle Abbey in Allier, central France, a marketing meeting between the abbey’s nuns and their employees discusses the latest orders for its on-site soap and cosmetics products, the delivery destination: Germany. The community of Benedictine sisters has been manufacturing cosmetics since 1954, after two sisters, a chemist and a mathematician, began the… Read more

Elon Musk Is Selling ‘The World’s Most Boring Hat’

Most people who dream of being entrepreneurs or a force for positive change in the world would perhaps envy Elon Musk for his achievements since he left PayPal. He started Tesla (and SolarCity, now a Tesla subsidiary) to electrify the automotive (and power storage) industry, and SpaceX changed the way we look at rocket launches (now… Read more

Bucking retailer trend, Starbucks shuts online store

Starbucks, bucking a retailer trend focused on beefing up company-owned online stores, has shut its e-commerce site for the United States in an effort to drive more traffic to stores. Since Sunday, shoppers on the coffee chain’s online store (store.starbucks.com) are being directed to set up an online account for pickup up at local Starbucks stores… Read more

Is Hip-Hop A ‘Lifestyle’? Why Under Armour Says Yes

This article was originally published on the Motley Fool. Under Armour (NYSE:UA) (NYSE:UAA) has excelled at getting its gear on the playing field thanks to technical innovations and partnerships with high-profile college teams, as well as an upcoming tie-up with Major League Baseball. But in order for the company to make it to the next level,… Read more

?Google Ventures Invests In Bitcoin Startup Blockchain

A bitcoin startup called Blockchain just raised $40 million from Google Ventures, billionaire Richard Branson and venture capital firms like Lakestar. Combined with earlier investments from the startup’s A round, Blockchain has raised around $70 million and become one of the best-funded cryptocurrency startups of 2017, behind power players like Ripple and Coinbase. The company claims… Read more

Chinese customers prove loyal to domestic daily consumer goods

Chinese brands are dominating the fast moving consumer goods industry. According to the fifth annual Brand Footprint report from Kantar Worldpanel, Chinese brands have claimed 9 out of 10 places for fastest growing brands, with Yili retaining top spot. Mengniu moved up one place to second. While 2016 was a difficult year for the fast-moving consumer… Read more

Tesla: Absurd level of risk, Cult of Elon Musk equal disaster

WASHINGTON, April 25, 2017 – For the better part of at least two years, I’ve more or less held my opinion and my pen in check when it comes to the absurd mythological and virtually fictional character of Elon Musk, tech god and miracle worker. That’s because all Musk has done in recent memory is promote… Read more

Top 10 world’s most valuable technology brands

Two Chinese companies, Alibaba and Huawei, have been ranked in the world’s top 10 most valuable technology brands, according to the latest data from a British consulting firm, Brand Finance. According to the firm, Alibaba nearly doubled in value and is now worth $34.8 billion. Listed below are the world’s top 10 technology brands. No 10… Read more

Korean brands’ strength falls

Customers look at cars at a Hyundai retailer in Tianjin. Provided to China Daily While some blame political tensions, many credit rising quality of domestically produced vehicles South Korean marques are losing ground in China as local brands in the world’s largest auto market are offering improved quality and a wider choice of SUV models. In… Read more

Top 10 most valuable brands in China

Companies in the technology, banking and telecom industries have dominated a list of most valuable brands in China compiled based on a study by advertising research agency WPP and Millward Brown. The total value of BrandZ Top 100 Chinese Brands hit record levels in 2017, growing 6 percent to reach $557.1 billion in brand value. Here… Read more
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