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☆ Temu: The online shopping upstart that's become the most downloaded app in the US
▼ + stars: | 2023-02-16 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —A new online shopping platform linked to one of China’s top retailers has quickly become the most downloaded app in the United States, surpassing Amazon and Walmart. Temu, a Boston-based online retailer that shares the same owner as Chinese social commerce giant Pinduoduo, made its Super Bowl debut on Sunday. Climbing the chartsTemu, pronounced “tee-moo,” was launched last year by PDD, its US-listed parent company formerly known as Pinduoduo. “Temu soared to the top of both US app store charts in November, where the app still holds the top position now,” he told CNN, referring to iOS and Android mobile app stores. “Temu aims to continue to experiment in marketing and offerings, which is possible thanks to its resource-rich parent company,” she wrote in a report.

☆ How Gen Z and the Great Resignation created a wave of overinflated job titles
▼ + stars: | 2023-02-07 | by ( Aki Ito | ) www.businessinsider.com time to read: +9 min

Way back in 1993, the Financial Times ran a column bemoaning the grandiose job titles that were popping up in the US and the UK. Compared with enticements like higher pay and better benefits, tacking an extra "senior" onto somebody's job title is free. Some are mashing together a bunch of old words, resulting in monstrosities like "senior executive vice president" — not to be confused with senior vice presidents and executive vice presidents. Still, despite the downsides of title inflation, I think there are some redeeming qualities to the state of things today. It goes to show how our job titles aren't just a summary of our day-to-day responsibilities or an indicator of our place in the org chart.

☆ This millennial took a gamble during the pandemic. Now her startup has raised over $225 million
▼ + stars: | 2022-10-31 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

"A lot of people actually told us that it's a very bold move to actually open an offline presence, while everybody was closing their offline stores [during the pandemic]," she added. But that was a "well-calculated" move for Social Bella, which operates Sociolla. Indiana, the co-founder and chief marketing officer of Social Bella, tells CNBC Make It how she took her Jakarta-based startup to the next level. The makeup junkie realized that in Australia, she had easy access to a wide range of beauty products from international brands. On top of that, the business also operates Soco, which Social Bella says is Indonesia's largest online review service for beauty products.

Mental health as a spectrumChew said he was inspired to try to popularize mental healthcare after battling a panic attack when he was 16 years old. Justin Kim, CEO and co-founder of Ami, another digital mental healthcare start-up based in Singapore and Jakarta, agreed that there’s a need to scale mental health offerings. Alistair Carmichael, an associate partner at McKinsey & Company, said employers will benefit from better mental health in their workforce. “Mental health has long had a stigma across Asia, whereby traditionally we’ve seen it as a clinical issue, a crisis,” he said. “We see mental health just as important as physical health.

☆ India festival spending booms despite inflation worries, global slowdown
▼ + stars: | 2022-10-14 | by ( Manoj Kumar | ) www.reuters.com time to read: +7 min

The sales would include nearly $15.2 billion offline sales, compared to about $8.5 billion in 2019, according to the Confederation of All India Traders (CAIT). read moreBut economists said the sense in India was that inflation has peaked while economic activity was picking up. The bump in consumer demand is expected to support economic growth of around 6.5% in the fiscal year ending March 2023, the highest among the world's major economies. Credit demand increases Credit demand increasesThe retail boom is also a boon for the government - goods and services tax collections, a barometer of consumer demand, rose 26% year-on-year in September, data showed. "After two consecutive downbeat festive seasons, consumer sentiment and spending appear to have rebounded this year... which may boost economic growth in the current quarter, but may not sustain thereafter."

Eastward Partners characterized the firms as largely growth-stage companies, or companies in the digital space that have taken external private equity or venture capital funding. The compensation data examines median total compensation, which includes base salary and bonus. Within those companies, CMOs’ median total compensation in August 2022 was 9.64% higher than a year earlier. That was a sharper rise than seen for other roles, such as CEOs, whose compensation grew 7.45%, or CFOs, whose compensation rose 1.96%, according to Eastward Partners’ data. And that’s actually impacting business performance, because they can’t find the savvy, smart digital marketing people to fill those gaps,” Mr. Neale-May said.

☆ Meet 11 people leading the aviation industry's push to slash emissions and ditch fossil fuels
▼ + stars: | 2022-05-31 | by ( Maia Anderson | ) www.businessinsider.com time to read: +14 min

Experts have estimated that aviation is responsible for nearly 2% of global greenhouse-gas emissions and 2.5% of carbon-dioxide emissions. Some aviation giants, like United, are signing purchase agreements to buy electric aircraft. Today he serves as CEO and chairman of the company, which aims to be a pioneer in electric aircraft. In 2000 he founded Aviation Technology Group, which developed the ATG Javelin very light jet before ceasing operations in 2007. He is also a founding member of the Nordic Network for Electric Aviation.

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