JD.com is raising chickens. The internet master retailer has once again discovered a lucrative product to market. This time said product is free-range poultry which is experiencing a significant rise in popularity. JD’s chicken is backed by its stellar reputation for transparency and bred by the finest chicken breeders around. So far, the product has been available for two years and has doubled its sales. Success is two-fold on this project, however, as JD’s free-range chicken is tied to a philanthropic effort to rebuild struggling economies.
The initiative is called, “Running Chicken” and its underlying goal is to produce a new quality product for Jingdong. The 27-hectare farm that produces the chicken is located in Wuyi county. Wuyi is one of many counties on China’s national poverty list. At least it was until Running Chicken came to be. The idea is for the free-range farm to be supplied by local farmers in the area. JD grants them no-interest loans so they can run small farms that produce the fruits, grains, and vegetables necessary to feed the chickens. The farmers are paid a part-time salary but also get to rebuild or create profitable farms.
So far Running Chicken has helped 500 families reboot or begin a strong farm that now brings in thousands of RMB per year. The new influx of money has allowed the economy of Wuyi to prosper and now the quality of life for the is is better than ever. Running Chicken sets itself apart as it allows the economy to be rebuilt by a new revenue source, rather than just the one-time donation of a lot of money.
Learn more about JD: https://finance.yahoo.com/news/jd-com-announces-first-quarter-104848011.html
Shervin Pishevar is the former managing director at Sherpa Capital and an Uber investor. He is a venture capitalist who has helped nurture the talents of so many Americans in the Silicon Valley. Some of his recent contributions can be seen through companies such as Munchery, Uber, Hyperloop One and Airbnb. As an investor, he has seen a lot happening in the fields of economics and finances. He can know when to invest and when to keep his hands in the pocket. His experience makes him one of the prominent voices as far as the growth of the American economy is concerned.
In February of this year, Shervin Pishevar posted 50 messages on Twitter after staying out of the social media for a few months. His comeback was pronounced due to the weight of the messages he posted. He revealed his thoughts on various matters surrounding the US economy and the financial industry in general. The highlight of the tweetstorm was the dim picture he painted about the US economy.
After considering various factors that go hand-in-hand with economic growth, Shervin Pishevar was convinced that the US economy was on the downward trend. The stock market was going down, inflation was kicking in, and the interest rate was going up. All these indicators show an ailing economy. Shervin Pishevar projected that the stock market would drop by 6,000 points in the year. The losses would be enough to erase the gains made in the past one year.
Shervin Pishevar mentioned the bond market would also be on the receiving end. The volatility witnessed in the market would catch up with other markets ad essentially there would be no worthy asset for investors. All of them will be overvalued, and there would be no net gains in the process for investors. Shervin added that the uncertainty that is coming from Washington in regards to trade deals is only making matters worse. He predicted that the bond market would first rise before tumbling down and would be in line with the equities market.
With new ownership at the helm, the formidable Fortress Investment Group is looking to raise funds after a successful acquisition. Fortress’s first goal under their new owner Softbank, is to raise at least $2 billion in its first fund that is solely dedicated to direct lending. That being said, no one yet knows the players involved. The current undertaking is one that the company is not choosing to make public.
Never one for small plays, Fortress has also set a $5 billion dollar goal for what Bloomberg is calling its, flagship credit opportunities fund. The most recent version of that fund was closed in 2015 at exactly $5 billion. It seems that Fortress is ready to reinvest in that program.
A Company of Firsts
The Fortress Investment Group is a company that is not afraid of doing things that go against the established order and wander from the beaten path. It seems that Fortress is bent on being a company of firsts. When Fortress got its start, it was the first private-equity firm to go public. Now the company is becoming the first of these firms to delist.
It seems that the Fortress Investment Group is looking to start a new chapter in their brand’s life. This should not come as a surprise, considering that they have new owners who are looking to make some internal changes themselves. Interestingly enough, Softbank, the Japanese conglomerate now at the helm of FIG, had to agree to only limited control of the company for regulatory reasons. It is because of these regulations that FIG is still currently making all of the executive decisions.
There is no doubt in anyone’s mind that the Fortress Investment Group is changing. New faces are making appearances in big places. For starters, FIG recently promoted Josh Pack and Drew McKnight to managing partners in their credit group.
With every transition of power, there are gains as well as losses. Joel Holsinger stepped down from his role at FIG in March, becoming the first executive to leave the firm following the Softbank acquisition. While the future of FIG is still unknown, many are watching and waiting to see if success or a sinking ship is on the horizon.
One of the biggest mistakes that young people today make about investing their money is that they do not start early enough. Most people wait till they are in their late 30s to even start thinking about investing their money. Christopher Linkas has worked with some of the top investment firms located out of UK. Over the years, he has offered some excellent tips for investment to his clients. One of big biggest concern about the present generation is that they are not starting to invest early enough and it leads to losses. He has worked with youngsters long enough to understand the reasons why investing early in life can help them grow their wealth to a great extent.
Christopher Linkas provides some of the top reasons why people should invest early. One of them is that they stand a better chance to take risks. Even if they suffer loss, they have enough time to recover from the market. They can not only benefit from the interest that they earn from their money, but also make profits by reinvesting the interest in the market. People also learn to save more and do not act on their impulse when they start to invest their money. To become wealthy, one of the most important traits is to stop the temptation and to begin investing the money instead to enjoy your retirement years comfortable and without having to depend on others.
Christopher Linkas also mentions that investing early can help youngsters get through rough patches in their career without any worries. As people grow, there might be times when they are not doing well financially. By having some amount of investment, they can easily start a new career or a new business without having to depend on bank loans. The investment gives them the power to get through the hard days. Christopher Linkas believes that it is the people who are brave enough to save money without spending them on luxury who become wealthy. One has to do their research and learn about the different investment opportunities there are and pick the ones that are best for them.
When thinking about small businesses, Glen Wakeman is aware that there are going to be challenges. As a matter of fact, he expects challenges. He is hoping to push through these challenges. He has come up with a plan which he calls his three step plan for thoughtful perseverance.
The first step that Glen Wakeman has thought about is focusing on the benefits of the product. While it is common for people to focus on the features, some products need to have the benefits laid out for people to read. After all, people look at products and brands based on what they can get from it.
The second step is for business owners to look into evidence that goes against what they are doing. Entrepreneurs who look for evidence that go against their ideas are going to be more certain that their ideas are going to work if it makes it past these pieces of evidence. One thing that people need to do is test their ideas because they are going to be faced with a lot of opposition.
The last step is to find a support group. One of the most important traits for this support group to have is that it is dispassionate. One of the most important aspects of this set up is that it surrounds business owners with people who are not necessarily emotionally involved. Glen Wakeman encourages business owners to find this type of group because they are going to give their honest opinions in a tone that is matter of fact and not emotional.
Glen understands the difficulty that is present in getting a business off the ground. This is why he has come up with a lot of tips that actually make it easier on the owner. People who follow his tips make it easier for themselves to succeed.