At a time when a survey showed that 74% of the respondents answer that they wanted an intracity parcel delivery service that is high quality and is capable of making same day deliveries, Jingdong, otherwise known as JD.com, announced that the company will be expanding its business operations to offer a new service to Chinese consumers living in Shanghai, Beijing, and Guangzhou. Now the residents of these three cities can ship their parcels with Jingdong to addresses within these three cities or to another Chinese city. In the 20 years that JD.com has been in business, it has established quite an impressive countrywide Logistics Network, one that possess the capacity to deliver well over 90% of placed orders at the very least on the next day, if not on the same day.
Jingdong also has the intention to eventually expand this new pilot program to include deliveries to all addresses across the immense country of China. JD.com’s new parcel delivery service is intended to satisfy a demand from professionals in the field of communication, business, and high-tech for swift and reliable parcel delivery service. Consumers have a few way to request a parcel pickup from Jingdong. Parcel pickup may be requested via the JD.com app, via a JD delivery mini program on WeChat, or via a JD delivery team , WeChat account.
Jingdong is China’s largest e-commerce retailer and the country’s largest overall retailer, not to mention China’s biggest internet company with regard to annual revenue generation. The company was founded by Liu Qiangdong in the year of 1998 for the express purpose of selling magneto-optical online, but that soon turned into a business selling electronics, such as mobile phones, computers, and many more different kind of electronics. Jingdong has its headquarters based in the city of Beijing. JD.com is such a huge e-commerce company that it is currently a member of the Fortune Global 500 club. Jingdong is also a NASDAQ traded company, trading its stock under the stock ticker symbol “JD”.
Shervin Pishevar is one of the nation’s leading venture capitalists. With his specialty in the tech sector, Shervin Pishevar has financed some of the top brands in the tech industry today. Some of the companies that he and his firm, Investment company, have been responsible for creating include such names as Uber, Airbnb and Virgin Hyperloop. Shervin Pishevar has also formed a number of companies as a solo entrepreneur, including Social Gaming Network and Ionside.
When he isn’t fully consumed with creating some of the top companies in the world, Shervin Pishevar often takes to the social media sphere, tweeting to his more than 100,000 followers on everything from baseball to the state of the U.S. economy. Many of Pishevar’s tweets contain highly valuable insights. And as one of the most successful entrepreneurs and venture capitalists in the country, his opinions on subjects that he knows well are always worth considering.
One of the topics on which Shervin Pishevar has expounded at length is the area of finance. In particular, Pishevar has discussed the fact that innovation in the financial space doesn’t mean the same thing that it does elsewhere.
With many of the projects on which Pishevar has worked in the tech industry, innovation usually refers to the creation of new and groundbreaking technologies that create huge value in the marketplace and solve real-world problems. However, Pishevar says that innovation in finance often reduces to little more than creative ways to repackage debt. Restated, financial innovation is about hiding risk because debt always entails risk. And Pishevar says that this hiding of risk can be hugely useful to fund managers who are able to participate in upside earnings while not putting any of their own funds at substantial risk.
Pishevar likens such payment schemes, which prevail throughout Wall Street, to simple principal-agent scams. He says that fund managers have every incentive to maximize risk so that their chance of a big payoff is also maximized. He says that these fund managers have little incentive to mitigate downside risk because there are few consequences for them personally if a fund loses huge.
Most people might not realize the huge responsibility that companies have to consumers and communities. Enterprises have to ensure that they are providing their clients with the best products possible. They also have to make sure they are doing what is necessary to sustain the communities where they work. These two tasks are extremely challenging for any business. Thankfully, Waiakea has experience and knowledge to get the job done.
Waiakea was founded Ryan Emmons back in 2012 when he realized that he could serve people some of the purest drinking water on Earth. He extracts this water from the Mauna Loa volcano in Hawaii. This particular volcano receives a lot of rainfall everyday near its peak. As the water cascades down the mountain it is collected and purified for sale.
One thing that Emmons did early on was to take Waiakea and turn it into an environmentally friendly brand. Emmons wanted to keep his beverage as pure as possible. This is why he only uses recycled materials to bottle his drink and he uses the best environmental practices when processing, manufacturing and shipping his product to markets.
This is very important because Emmons is truly committed to keeping his environment clean and healthy. He also wants to do the same for others. The packaging he uses is not going to disintegrate within a few days after they are disposed. However, he makes sure that his water bottles are procured from recycled sources so that he does not have to harm the environment further.
Recycling materials is an important and necessary part for many businesses. Without a good environment people will not be able to prosper, sickness will increase or they will exist in a degraded state. The point is that communities need to be kept in proper order to be at their best. Waiakea understands this truth and works hard to ensure that they use sustainable practices for their organization.
The Fortress Investment Group refers to an investment management organization that has its headquarters in New York City. The organization was founded in 1998 and has been in operations for over two decades. Some of the notable individuals in the organization include Randal Nardone, Wes Edens, and Pete Briger. The listed individuals co-founded the organization with Rob Kauffman who has since resigned from the organization. Although the Fortress Investment Group started off as private equity, it became publicly traded after being listed in the NYSE in 2007. Two years later, the management had successfully offered more than 8% of the groups’ shares to the public. In June 2016, the group was reported to manage assets worth more than 70.2 million dollars.
The assets were mainly private equity, hedge funds, and credit funds. In 2014, the exceptional contribution of the leaders saw the organization being named the Hedge Fund Manager of the Year. Since then, the group has remained committed to offering quality services and products. Some of the products offered by the organization include traditional assets management, private equity, railroads, hedge funds, and other financial products. It has also successfully managed the assets of major permanent capital vehicles across the globe. They include Fortress Energy Investment Group Inc, New Media Investment Group, New Senior Investment Group, and the New Residential Investment Group. Through the services offered by the Fortress Investment Group, the listed organizations have remained profitable in the past years.
The Merger of Fortress Investment Group with Softbank Group Corp
The Softbank Group Corp. is a Japanese conglomerate that has interests in telecommunication and financial services. In 2017, it exhibited its interests of acquiring the shares of the investment management firm as being one of the ways of improving its financial services. The merger was completed in 2017 which saw the Japanese based company become the parent company of the group. However, the fortress team was retained and allowed to run independent operations. The decision was based on the need to maintain the positive organizational culture that had been created in the past twenty years. Currently, the group has the intention of venturing into other markets such as real estate and energy sectors.
Seeking Alpha has a popular podcast called Behind the Idea. They recently interviewed Wall Street Hedge Fund Manager Sahm Adrangi who is well-known as a trader that often takes short positions on publically traded firms. On this podcast, they asked about his recent short idea and what types of advanced techniques he and his team at Kerrisdale Capital Management take when it comes to shorting stocks.
There’s been a lot of talk during this long bull market that hedge funds are out of style. The trend is towards index investing where you just own the whole market. Others espouse strategies such as quant or other mechanical approaches to investing. However, as Sahm Adrangi shows there is still plenty of room for a manager who analyzes stocks and companies and then selects among them. He says that he hasn’t had too much difficulty investing long in good stocks and shorting companies that he sees as not delivering.
One of the companies who stock Sahm Adrangi recently shorted is Proteostasis (PTI). He and his analysts went over this firm’s Phase 2 data for their lead drug candidate and saw some big issues with it. This company is trying to develop a drug candidate to treat cystic fibrosis. The lead drug candidate, PTI-428, claimed there was a 5.2 percent increase in lung performance shown in their latest clinical trial. He said this was nonsense and the drug barely did better than a placebo.
The Behind the Idea podcast series also talked about another one of his shorts which was St. Joe. This is a Florida land developer that owns a huge tract of land. The long-time plan for this land is to build a giant residential and commercial development. Sahm Adrangi looked into this land and found out it is desolate swamp land in the middle of nowhere. He says there is absolutely no viable way St. Joe’s plan for this land is going to ever be realized. He said that St. Joe was valued at $1 billion with much of that value based on this land. He sees St. Joe as being nowhere worth that amount of money.
A private equity firm that is commonly known as Fortress Investment Group was established in 1998 and it was the first private equity company to be publicly involved on the Stock Exchange of New York. Also, it is an international investment management company that controls assets which are more than $43 billion for investors who exceeds 1750 in private equity, permanent capital, motor vehicles as well as the hedge funds. Fortress headquarters are located in New York City and hold a capacity of over 900 employees. Also, its establishment was not a one-person effort instead was a team of colleagues worked jointly, and they include; Randal Nardone, Wes Edens, and Peter Briger. SoftBank Group Completes Acquisition of Fortress Investment Group.
In Operations management, capital markets, asset Investment, and commercial mergers and acquisitions are several areas of expertise specialization by Fortress Investment Group. It also has essential skills in financing, managing, owning and pricing of the physical and financial assets. The founders of Fortress were highly experienced in the financial sector since they had worked and served different top positions in companies like Lehman Brothers, UBS, BlackRock Financial Management and as well as in Goldman Sachs. Therefore they came along with those experiences with Randal Nardone and Wes Edens as its current principal while Rob Kauffman is already retired.
1999 was the year when Fortress Investment Group initiated the Fortress Investment Fund 1. Previously, it had involved itself in both the New York markets and Toronto markets to carry on real estate investment. Later on, it grew to provide credit securities and hedge finances. From 1999 until 2006, Fortress experienced exponential growth in its private equity that grew with almost 40 percent. In 2002, Fortress Leadership expanded by two vital people via the addition of Michael Novogratz as its Fund manager, the same role he performed while at Goldman Sachs, and he left Fortress in 2015 because of his other interests.
Fortress Investment Group was able to make significant acquisitions and purchases between the years 2006 and 2007 such as the Canadian Firm Intrawest which turns out to be the prime ski resort operator situated in North America. 2011 was the year when Fortress established several headquarters which were located in Singapore, Shanghai, two in Asia and also in San Francisco. The exemplary leadership by Fortress employees was recognized by being awarded several times such as in 2014 they received the award of the Hedge finance director of the year.
Change is the only static element within the society. Nobody in his right frame of mind could think at one point in life would put aside physical money for the contactless option. However, change has occurred, and more than half of all the payment in the UK is done through contactless money. Use of the contactless money is gaining pace, and for the first time, it has overtaken the use of traditional currencies. The British Retail Consortium says more than half of the purchases in the country are using credit cards. Notably, the effort by PSPI-Pay and other affiliates such as Kerv Wearables indicates the possible increase of dominance of contactless cash over the coins currency.
To achieve the expected dominance of the contactless currency, PSI Pay has combined effort with other players in the sector to develop the first contactless payment ring within the international market. Thus in the coming days, be prepared to say goodbye to digging into your wallet to make payment or punching your PIN number and embrace contactless money since it’s here to stay. One of the indications of the changes in the mode of making purchases is that for the first time in history cards have overtaken the use of notes and coins. Churches and other institutions have not been left behind since they have taken part in the piloting of the electronic collection of donations.
The success of the launching the contactless payment is as a result of effort and investment by PSI-Pay. Due to the embrace of the contactless money by the market, PSI-Pay experienced the best financial year in 2015.PSI is one of the leading UK tech companies regulated by FinTech companies. The success in the market has enabled the company to undertake strategic overhaul, forge new and robust relationships with other stakeholders in the industry and further its technological capabilities for better security. In the financial year of 2015, PSI experienced an increase in business volume by 29% and pre-tax profits by 5.5%. According to the PSI Managing Director, Phil Davies, the increase in profitability can be attributed to the professional promotional campaigns, launching of new exciting products and expansion into the international market.
OSI Group is a leading global food provider. Founded in 1914, the company has managed to expand to 17 countries all over the world. This is in line with the company’s aim to be a major player in global food industry. The level of growth that the OSI Group company attained over the years is linked to the quality commitment. It is also consistent in the provision of the products.
OSI Group journey to greatness relates to the rise and growth of McDonald’s. The company is the main supplier for McDonald’s. As its main customer started expanding, the company sought ways of ensuring that there is a consistent quality of food served in all McDonald’s outlets. Technological advancements allowed the company to provide the same quality throughout. This advancement enabled it to have a niche in the supply of processed food . OSI Group has a dedicated plant for McDonald’s operations in Chicago. The flash freezing technology ensures that the large scale production of same types of hamburger parties is realizable.
The company has a diversified portfolio. In as much as it retains its strategic alliance with McDonald’s, it has made forays into other food markets. However, the strategic alliance that it has had with its main customer has provided it with a high level of success. Large production centers ensure that OSI Group is a major force in the global food industry.
The alliance that the company has had with other players also helps in consolidation of the market space. The business direction that it has had, as well as the high level of management expertise, makes it one of the largest companies in the world. The company followed this direction in the recent past with the signing of a 50/50 merger with Turi Foods. Turi foods have been able to present an entry strategy in the Australasia region.
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Robert Deignan is a highly reputable businessman who is based in America. People have learnt to respect him because of his numerous accomplishments in business. Robert is highly experienced in businessman. His academic background speaks volumes concerning his career in the corporate world. First of all, Robert went for this degree in organizational leadership from an institution known as Purdue University. By the time he was graduating from this prestigious university, the businessman was an excellent leader who knew how to handle the challenges that came his way. After working for several companies in the country, Robert Deignan felt that it was time to start his first company.
In 2011, Robert started a company known as ATS Digital Services. The institution specializes in technology matters. The company was founded in the year 2011, with his leadership, the organization has been growing significantly and winning the hearts of customers from many parts of the country. At the moment, Robert Deignan is serving as the chief executive officer of ATS Digital Services.
Just recently, ATS Digital Services announced to its customers in the country that it had managed to accomplish a great milestone. According to the news from reliable sources, the company has been certified by a prestigious institution that is called AppEsteem Corporation. The institution is currently the first call center in the country to be certified by the corporation. With this certification, the organization will be allowed to offer premium support services to most of the consumer software apps.
AppEsteem Corporation is very popular in the American market. The organization was started and brought into the market by a team of experts in Microsoft Cybersecurity. The company has been offering excellent support services to the companies in the technology department. Robert is a very excited professional following the new milestone. Deignan believes that this will be just the start of achievements for his company. The businessman has done a great job when it comes to handling the leadership of his company, and this is why it has been moving higher in the corporate world. His excellent personal features have made the company proud.
Shervin Pishevar used social media to express the deep concerns he has about the US economic situation in February 2018. He tweeted 50 points in 21 hours addressing immigration, bitcoin, bonds, and more. He had some grim predictions for the stock market, big US companies, and big funds.
The last time Shervin Pishevar used Twitter, he announced that he would be resigning from Sherpa Capital. This is a venture capital fund that invested in Munchery, Uber, and Airbnb. He got his start in the Silicon Valley area and has seeded at least 60 companies. He has been recognized for some of his work, even being awarded the Ellis Island Medal of Honor in the year 2016.
One of the concerns that Shervin Pishevar expressed in his Twitter rant had to do with Silicon Valley no longer being the modern Rome that it once was. It has lost its exclusivity and no longer is the stronghold on ideas and talent. He mentioned that the US is building physical and cultural walls to keep immigrant talent out, but he says that this talent does not need to come to the US anymore. Entrepreneurship is a movement that has gone viral. One of the examples that he gives is of individuals in China building a train station in less than 10 hours.
He had particularly ominous predictions for the stock market, saying that he expected it to go down an aggregate 6,000 points in 2018. He also had dark predictions for big companies like Google, Microsoft, and Apple. These big companies are able to buy out small startups, which is bad for the overall economy. He talks about how they should fall because that is the way evolution works.
Shervin Pishevar mentioned that currency is the ultimate app. An entrepreneur can raise capital in any way they want using any kind of currency. Since small companies can use unique capital, they can spur the economy onward. This means that governmental and financial institutions are facing a reckoning of irrelevance. The shift has to do with a revolution in stateless digital currencies. According to Shervin Pishevar, this will be unleashed over the next few decades.