Futuristic Starbucks Opens in Shanghai, One New Outlet World-wide Every 15 Minutes

Futuristic Starbucks Opens in Shanghai, One New Outlet World-wide Every 15 Minutes

Starbucks has opened the world’s second Starbucks Roastery in Shanghai where customers will be greeted by a multi-sensory coffee experience in an interactive coffee and retail destination.  Created three years after the inaugural Seattle Roastery, it opened in Shanghai on the 6th December 2017.

“ Futuristic Starbucks Opens in Shanghai, One New Outlet World-wide Every 15 Minutes ”

With more than 600 stores in Shanghai, China has become Starbucks’ second largest and fastest growing market.  In China, it already has more than 3,000 stores across 136 cities while world-wide, Starbucks opens one new outlet every 15 minutes.

Source: Starbucks, Starbucks, South China Morning Post

 

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About Starbucks Coffee Company

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 27,000 stores around the globe, Starbucks is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit our stores or online at news.starbucks.com and Starbucks.com.

Visit: Starbucks

 


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Lamborghini Urus – The First Super-SUV Priced at $200,000

Lamborghini Urus – The First Super-SUV Priced at $200,000

Lamborghini has launched the first Super Sport Utility Vehicle (SUV), Lamborghini Urus – priced at around $200,000.  The Lamborghini Urus is a luxury SUV and is powered with a 4.0 liter V8 twin-turbo engine, that accelerates from 0-100 km/h in 3.6 seconds, with a top speed of 305 km/h.

” Super-SUV Lamborghini Urus accelerates from 0-100 km/h in 3.6 seconds, with a top speed of 305 km/h “

Continuing the naming of cars tradition at Lamborghini, the name Urus is derived from the world of bulls.  The Urus, also known as Aurochs, is one of the large, wild ancestors of domestic cattle. The Spanish fighting bull, as bred for the past 500 years, is still very close to the Urus in its appearance.

Price and market delivery

The first customers will take delivery of the new Lamborghini Urus in Spring 2018 at suggested retail prices as follows:

  • Europe: EUR 171,429.00 (suggested retail price, taxes excluded)
  • Italy: EUR 168,852.00 (suggested retail price, taxes excluded)
  • UK: GBP 131,500.00 (suggested retail price, taxes excluded)
  • USA: USD 200,000.00 (suggested retail price, VAT/GST excluded)
  • China: RMB 3,130,000.00 (suggested retail price, taxes included)
  • Japan: YEN 25,740,000.00 (suggested retail price, taxes excluded)

Source: Lamborghini

 

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About Lamborghini

The history of ‘Lamborghini Automobili’ officially starts in 1963. Nevertheless, we must consider the far-off roots of this event, and they are the roots of Ferruccio Lamborghini. Born in 1916, this capable, impetuous, strong-willed Taurus was the leading character in the foundation of the company and the early phases of its extraordinary history.

Visit: Lamborghini

 


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Media Company Meredith to Acquire Time Inc. for $2.8 billion

Media Company Meredith to Acquire Time Inc. for $2.8 billion

U.S. Media Company Meredith Corp is buying Time Inc for $2.8 billion.  Time Inc, a 95-year-old U.S. publisher, owns properties including Time, People, Sports Illustrated and Fortune magazines.  Meredith will pay $18.50 a share in cash ($1.8 billion) and $3.55 billion in financing from lenders.  The financing includes a $350 million undrawn revolving credit facility – in fully committed debt financing from RBC Capital Markets, Credit Suisse, Barclays and Citigroup Global Markets Inc.

“Media Company Meredith to buy Time Inc. for $2.8 billion”

The takeover deal includes financing support ($650 million in preferred equity commitment from Koch Equity Development), owned by one of America’s wealthiest billionaire brothers Charles and David Koch, whose combined net worth is estimated to be just under $100 billion.  The transaction is expected to be closed in the 1st quarter 2018.  The $18.50 per share price represents a 46% premium over the closing price on November 15, 2017 and 66% premium over the 10-day volume weighted average trading price.

Source: Time, Reuters, CNN, Business Insider, , Time Inc

 

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About Time Inc

Time Inc. is a leading multi-platform consumer media company that engages over 230 million consumers globally every month. The Company’s influential brands include PEOPLE, TIME, FORTUNE, SPORTS ILLUSTRATED, INSTYLE, REAL SIMPLE, SOUTHERN LIVING and TRAVEL + LEISURE, as well as approximately 60 diverse international brands. Time Inc. offers marketers a differentiated proposition in the marketplace by combining its powerful brands, trusted content, audience scale, direct relationships with consumers and unique first-party data. The company is home to growing media platforms and extensions, including digital video, OTT, television, licensing, international markets, paid products and services and celebrated live events, such as the TIME 100, FORTUNE Most Powerful Women, PEOPLE’s Sexiest Man Alive, SPORTS ILLUSTRATED’s Sportsperson of the Year, the ESSENCE Festival and the FOOD & WINE Classic in Aspen.

Visit: Time Inc

 

About Meredith Corporation

Meredith Corporation (NYSE: MDP; www.meredith.com) has been committed to service journalism for 115 years. Today, Meredith uses multiple distribution platforms – including broadcast television, print, digital, mobile and video – to provide consumers with content they desire and to deliver the messages of its advertising and marketing partners.

Meredith’s Local Media Group includes 17 television stations reaching more than 11 percent of U.S. households. Meredith’s portfolio is concentrated in large, fast-growing markets, with seven stations in the nation’s Top 25 – including Atlanta, Phoenix, St. Louis and Portland – and 13 in Top 50 markets. Meredith’s stations produce 700 hours of local news and entertainment content each week, and operate leading local digital destinations.

Meredith’s National Media Group reaches 110 million unduplicated women every month, including more than 70 percent of U.S. Millennial women. Meredith is the leader in creating and distributing content across platforms in key consumer interest areas such as food, home, parenting and lifestyle through well-known brands such as Better Homes & Gardens, Allrecipes, Parents and Shape. Meredith also features robust brand licensing activities, including more than 3,000 SKUs of branded products at 5,000 Walmart stores across the U.S. and at walmart.com. Meredith Xcelerated Marketing is an award-winning, strategic and creative agency that provides fully integrated marketing solutions for many of the world’s top brands.

Visit: Meredith Corporation

 


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Tencent Becomes Asia’s First Company to Cross $500 Billion in Market Value

Tencent Becomes Asia’s First Company to Cross $500 Billion in Market Value

Tencent becomes the first Asian company to top $500 billion in market value, hitting a high of HK$437.40 ( 22nd November 2017).  This gives Tencent a market value of HK$4.15 trillion or $532 billion at an exchange rate of USDHKD 7.69.

” Tencent Crosses $500 Billion in Market Value, Becomes Asia’s Most Value Company “

The only companies with more than $500 billion market value in the world are Apple, Alphabet, Microsoft and Amazon.  Tencent, a leading provider of internet value added services in China, was founded in 1998 and went public in 2004.

Source: South China Morning Post, Tech Crunch, CNN Money

 

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About Tencent

Founded in November, 1998, Tencent is a leading provider of Internet value added services in China. Since its establishment, Tencent has maintained steady growth under its user-oriented operating strategies. On June 16, 2004, Tencent Holdings Limited (SEHK 700) went public on the main board of the Hong Kong Stock Exchange.

Visit: Tencent

 


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Tencent Invests $2 Billion Buys 12 Percent Stake in Snap Inc

Tencent Invests $2 Billion Buys 12 Percent Stake in Snap Inc

China tech giant Tencent have bought 145.8 million non-voting shares ($2 billion) in Snap Inc, presenting a 12% shareholding in the US company.  The private messaging company went public on 2nd March 2017 at $17, reached a high of $29.44 the next day and 8 months later, is currently trading at $12.76 (10th November 2017).

“Chinese Tech Giant Tencent Invest $2 Billion, Buys 12 Percent Stake in Snap Inc”

Tencent had also developed the hugely popular messaging platform WeChat, with almost 1 billion users.  Snapchat has 178 million daily active users.

Source: South China Morning Post, Reuters, CNN

 

Video: IPO Live at the NYSE

 

Video: What is Snapchat

 


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Appleby and the Wealthy Braces for a Repeat of The Panama Papers

Appleby and the Wealthy Braces for a Repeat of The Panama Papers

A Bermuda based offshore law fim, Appleby had suffered a data breach in 2017 where client data were stolen.  More than a year later, some of  world’s richest and most powerful people and companies whom had used Appleby’s  services, are now bracing themselves for a potential leak of their information.

” Appleby and the Wealthy Braces for a Repeat of The Panama Papers “

International Consortium of Investigative Journalists (ICIJ), which had released the Panama Papers, had been reported by various media to have approached Appleby for more data and clarification.

Source: Bloomberg, Business Insider, Independent

 

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About Appleby

Appleby is an offshore law firm with around 470 people, including 60 partners, operating from 10 offices around the globe. We advise global public and private companies, financial institutions, and high net worth individuals, working with them and their advisers to achieve practical solutions, whether in a single location or across multiple jurisdictions.

Appleby represents combined ingenuity and talent taken from all of the most significant international offshore financial centres, and is focused on the development of new products and the provision of effective service to its many international clients.

Appleby today is one of the world’s leading offshore law firms. The Group has offices in the key offshore jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, the Isle of Man, Jersey, Mauritius, and the Seychelles, as well as a presence in the international financial centres of Hong Kong and Shanghai.

Appleby has been ranked as one of the world’s largest providers of offshore legal services by number of lawyers in The Lawyer’s 2016 Offshore Survey. With over 470 people, including lawyers and professional specialists, across the Group, Appleby delivers sophisticated, specialised services, primarily in the areas of Corporate, Dispute Resolution, Private Client and Trusts, Regulatory and Property. The Group advises public and private companies, financial institutions, and high net worth individuals, working with these clients and their advisers to achieve practical solutions, whether in a single location or across multiple jurisdictions.

Visit: Applyby

 


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China Local Services Giant Meituan-Dianping Raises $4 Billion at $30 Billion Valuation

China Local Services Giant Meituan-Dianping Raises $4 Billion at $30 Billion Valuation

 China’s local services giant, Meituan-Dianping raised $4 billion, valuing the company at almost $30 billion. The funding came from a group of investors including Tencent and Priceline.  Other investors are Sequoia Capital, GIC, Tiger Global Management, Sequoia, GIC, Canada Pension Plan Investment Board, Trustbridge Partners, Coatue, IDG, Tiger Global, and China-UAE Investment.

“Meituan-Dianping, the local services giant of China, raises $4 billion that values the firm at $30 billion”

Meituan-Dianping is an e-commerce firm and provides movie ticketing, food delivery, restaurant bookings, beauty services, travel and luxury goods. The company plans to allocate the new capital to its in-store dining, lifestyle and entertainment, on-demand delivery and travel and leisure units. It currently has 280 million users on its platform.

Source: Reuters, Techcrunch

 

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Japanese Conglomerates Kobe Steel & Nissan Motor in New Scandals

Japanese Conglomerates Kobe Steel & Nissan Motor in New Scandals

Japanese conglomerates, Kobe Steel and Nissan Motor were uncovered with irregular business practices.   At least 60,000 Nissan vehicles were shipped after being inspected by unauthorised employees. The problem was discovered during onsite inspection by the Ministry of Transport.

” Kobe Steel & Nissan in New Scandal, Bad Business Practices Uncovered “

For Kobe Steel, the company admitted to selling products that had failed quality control tests, and thereafter falsifying the results.   More than 500 companies could be affected, including aircrafts, electronics, cars and bullet trains manufacturers, that have purchased products from Kobe Steel.

In the last decade,  Japanese firms had been struggling poor businesses and business practices.  Many firms had been affected including Toshiba, Olympus, Sharp and Sanyo.

Since 2009:

  • Sharp sold to Foxconn, Taiwanese electronics manufacturer in 2016
  • Toshiba massive accounting scandal in 2015
  • Olympus accounting scandal in 2011, a 13 year $1.7 billion fraud.
  • Sanyo sold to Panasonic in 2009

Source: Bloomberg, Japan Times, CNN

 

About Nissan Motor

Nissan Motor Co., Ltd. was established in Yokohama City, Kanagawa Prefecture in 1933.  Nissan Motor currently manufactures vehicles in 20 countries and areas around the world, including Japan.  Nissan offers products and services in more than 160 countries and areas worldwide.

Visit: Nissan Motor Corporation

 

About Kobe

Kobe Steel, Ltd. is one of Japan’s leading steelmakers,as well as a major supplier of aluminum and copper products. Other business segments consist of wholesale power supply, machinery, construction machinery, real estate, and electronic materials and other businesses.

The Kobe Steel Group is comprised of numerous consolidated and equity-valued companies in Japan, the Americas, Asia and Europe.  KOBELCO is the corporate logo mark and brand name of the Kobe Steel Group. Behind the KOBELCO mark is Kobe Steel’s commitment to excellence and quality.

The company was founded on 1st September 1905 and incorporated on 28th June 1911.

Visit: Kobelco

 


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Richard Mille $1 Million McLaren-Honda Watch Sold-Out at Launch

Richard Mille $1 Million McLaren-Honda Watch Sold-Out at Launch

Richard Mille newly launched McLaren-Honda watch, the “lightest mechanical chronograph ever made” was sold-out at launch.  Only 70 pieces was available at launch, priced at $750,000, according to CNBC.

” Richard Mille $1 Million McLaren-Honda Watch Sold-Out at Launch “

The luxury watch-maker prices its’ watches at the average price of around $185,000.  The company typically ships 33% to Americas, 33% to Europe & Middle East and 33% to Asia.

Source: CNBC,

 

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ZhongAn Online IPO at HKD 59.70 and Raised $1.5 Billion in Capital

ZhongAn Online IPO at HKD 59.70 and Raised $1.5 Billion in Capital

ZhongAn Online stock was priced at HKD 59.70, and raised $1.5 billion in capital.  It is the first internet insurance business in China, and notable shareholders include Tencent, Alibaba and Ant Financial.

” ZhongAn Online Raised $1.5 Billion and IPO at HKD 59.70 “

It is listed on the Hong Kong Stock Exchange under the Ticker 6060.HK, and started trading on 29th September 2017.  The closing price was HKD 63.45, a 6.2% increase from the IPO price.  The stock was 393 times oversubscribed.

Source: HKSE

 

About ZhongAn Online

We are an online-only Insuretech company in China. Leveraging our technologies, we develop ecosystem-oriented insurance products and solutions in different consumption scenarios to better serve our customers. From our inception in October 2013 to December 31, 2016, we sold over 7.2 billion insurance policies and served approximately 492 million policyholders and the insured, ranking us the largest insurer in China by these measures during this period according to the Oliver Wyman Report. In addition, we are the largest online insurance company in China with GWP of RMB3,408.0 million in 2016. We experienced significant growth during the Track Record Period. Our GWP increased significantly from RMB794.1 million in 2014 to RMB2,283.0 million in 2015, and further to RMB3,408.0 million in 2016, and from RMB604.4 million for the three months ended March 31, 2016 to RMB1,030.4 million for the three months ended March 31, 2017. Our net premiums earned increased significantly from RMB712.2 million in 2014 to RMB1,921.5 million in 2015, and further 2016 to RMB3,225.4 million in 2016, and from RMB569.2 million for the three months ended March 31, 2016 to RMB886.8 million for the three months ended March 31, 2017.

Visit: ZhongAn Online

 


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