Author: Steve

Temu Sales in Single-Month in the US is Now Equal to Shein

Temu, a discount e-commerce platform, has caught up to its rival Shein in single-month sales in the US, according to a report by TechNode.

Temu is a relatively new player in the US market, having launched in September 2021. However, it has grown rapidly, thanks to its aggressive marketing campaigns and low prices.

In August 2023, Temu spent more than $300 million on advertising, making it one of the biggest spenders on advertising in the US. This investment has paid off, as Temu has consistently been the top downloaded app in the US in recent months.

Temu’s parent company, PDD, has said that it is planning to continue investing in Temu for the next three years, even if it means making losses. This suggests that Temu is here to stay, and that it is likely to continue to challenge Shein for dominance in the US e-commerce market.

The rise of Temu is a sign that the US e-commerce market is becoming increasingly competitive. Shein has been the dominant player in the market for several years, but Temu is now challenging its position. This is good news for consumers, as it means that they have more choices and lower prices.

It will be interesting to see how the competition between Temu and Shein plays out in the coming months and years. Both companies are investing heavily in the US market, and both have strong brands and loyal customer bases. It is likely that the two companies will continue to grow rapidly, and that they will both play a major role in the US e-commerce market for many years to come.

YouTube advertising revenues grew by 12.5% in Q3 2023

YouTube’s advertising revenues grew by 12.5% year-on-year in Q3 2023, according to parent company Alphabet. This growth comes after a period of decline, and is a sign that YouTube is still a major player in the online advertising market.

One of the key drivers of YouTube’s ad revenue growth is the rise of YouTube Shorts. YouTube Shorts are short-form videos that are up to 60 seconds long. They were launched in 2020, and have quickly become one of the most popular features on YouTube.

YouTube Shorts are popular with advertisers because they are a highly engaging format. They are also a good way to reach younger viewers, who are increasingly spending their time on mobile devices.

In addition to YouTube Shorts, YouTube is also investing in other ways to make its platform more attractive to advertisers. For example, YouTube is developing new ad formats, and is making it easier for advertisers to measure the effectiveness of their campaigns.

YouTube’s ad revenue growth is good news for both YouTube and its creators. YouTube creators rely on ad revenue to make a living, so the more ad revenue that YouTube generates, the more money that creators can earn.

Overall, YouTube’s ad revenue growth in Q3 2023 is a positive sign for the platform. It shows that YouTube is still a major player in the online advertising market, and that it is investing in ways to make its platform more attractive to advertisers.

CrowdCube Fees – Fees for Investors and Companies Raising Money on the Platform


Crowdcube charges two main types of fees:

  • For companies raising money on the platform:
    • A success fee of 7% (excluding VAT) on the amount successfully raised.
    • A completion fee of 0.75% – 1.5% of all funds raised, depending on the size of the raise.
  • For investors investing on the platform:
    • An investment fee of 2.49%, with a minimum fee of £2.49 and a maximum fee of £250.
    • A success fee of 5% on any profit made on investments.

Crowdcube also charges some additional fees for certain services, such as due diligence and marketing support.

Here are some examples of how Crowdcube’s fees would work:

  • Company raising £1 million: The company would pay a success fee of £70,000 and a completion fee of between £7,500 and £15,000, for a total of between £77,500 and £85,000.
  • Investor investing £10,000 in a company that goes on to be successful: The investor would pay an investment fee of £249 and a success fee of £500, for a total of £749.

It is important to note that Crowdcube’s fees are subject to change, so it is always best to check the latest pricing information on the Crowdcube website before launching a campaign or investing in a company.

Rolling Stones fans in Japan can now get their rocks off at the new Universal Music retail superstore in Tokyo.

The store, called “Tokyouniversal Music”, is dedicated to serving music superfans, and it features a wide range of Rolling Stones merchandise, including clothing, accessories, and home goods. It also has a listening room where fans can listen to the Stones’ music on high-quality equipment.

The store is located in the Harajuku district of Tokyo, which is known for its trendy and youthful atmosphere. It is expected to be a popular destination for both Japanese and international Rolling Stones fans.

The store’s opening comes at a time when the Rolling Stones are still enjoying a great deal of popularity in Japan. The band’s most recent tour of Japan was a sell-out, and their albums continue to sell well.

The opening of the new Rolling Stones store is a sign of the band’s continued popularity in Japan, and it is also a sign of the growing popularity of music superstores in the country.

ASML – Q3 2023 Earnings Report – Tough Reading for the Semiconductor Business

$ASML‘s Net Bookings are under pressure amidst the industry down-cycle, however, the equipment giant expects “significant growth” in 2025 – as per today’s Q3 report.

Q3 2023 (y/y)

Net Bookings -70%

Net Sales +15%

*Lithography systems +30%

EBIT +13%

*Margin 32.7% (33.5)

Net Income +11%

*Margin 28.4% (29.4)

EPS +12% FCF -23%

Industry Cycle Bottom? “The semiconductor industry is currently working through the bottom of the cycle and our customers expect the inflection point to be visible by the end of this year” – CEO, Peter Wennink

Two-Year Outlook “Based on our current perspective, we take a more conservative view [on 2024] and expect a revenue number similar to 2023. But we also look at 2024 as an important year to prepare for significant growth that we expect for 2025.” – CEO, Peter Wennink

How Do I Create and Manage Issues in Jira?

To create an issue in Jira, follow these steps:

  1. Go to the project that you want to create the issue in.
  2. Click the Create issue button.
  3. Select the issue type that you want to create.
  4. Enter a summary and description for the issue.
  5. Add any other relevant information, such as assignees, labels, and due dates.
  6. Click the Create button.

Once you have created an issue, you can manage it by changing its status, adding comments, and attaching files. You can also use Jira workflows to automate the issue lifecycle.

Here are some additional tips for creating and managing issues in Jira:

  • Choose the right issue type. There are different issue types in Jira, such as bugs, tasks, and stories. Choose the issue type that is most appropriate for the issue that you are creating.
  • Provide a clear and concise summary. The summary should accurately reflect the issue that you are reporting.
  • Add a detailed description. The description should provide all of the information that is needed to resolve the issue.
  • Assign the issue to the appropriate person. If you know who should be responsible for resolving the issue, assign it to them.
  • Add labels. Labels can help you to organize and track issues.
  • Set a due date. If the issue has a deadline, set a due date for it.
  • Use Jira workflows. Jira workflows can help you to automate the issue lifecycle. For example, you can create a workflow that automatically assigns issues to the appropriate person and changes their status as they are worked on.

By following these tips, you can create and manage issues in Jira effectively and efficiently.

How Do I Create a Project in Jira?

To create a project in Jira, follow these steps:

  1. Go to the Projects page.
  2. Click the Create project button.
  3. Choose a project type.
  4. Enter a project name and key.
  5. Choose a project template (optional).
  6. Click the Create button.

You can also create a project from an existing project. To do this:

  1. Go to the Projects page.
  2. Click the Create project from template button.
  3. Select the project template that you want to use.
  4. Enter a project name and key.
  5. Click the Create button.

Once you have created a project, you can start adding issues, users, and workflows. You can also configure the project to meet your specific needs.

How Much of Microsoft does Bill Gates Currently Own

Bill Gates currently owns about 1.38% of Microsoft’s shares. This makes him the largest individual shareholder in the company. However, his ownership stake has declined significantly over the years. In the late 1980s, Gates owned over 40% of Microsoft’s shares.

Gates has sold millions of shares of Microsoft stock over the years to fund his charitable foundation, the Bill & Melinda Gates Foundation. He has also donated shares directly to the foundation.

Despite his reduced ownership stake, Gates remains a major figure at Microsoft. He serves as a technology advisor to the company and is still active in its decision-making process.

What are the Largest Music Streaming Services in Indonesia with Market Share Numbers

According to Statista, the largest music streaming services in Indonesia with market share numbers as of 2023 are:

  1. Joox (50.73%)
  2. Spotify (32.22%)
  3. Apple Music (17.05%)

Joox is a music streaming service developed by Tencent Music Entertainment. It was launched in 2015 and is the most popular music streaming service in Indonesia, with over 50 million active users.

The growth of the music streaming market in Indonesia is being driven by a number of factors, including:

  • The increasing penetration of smartphones and the internet in Indonesia.
  • The growing popularity of music streaming services among Indonesian consumers.
  • The increasing availability of affordable and high-quality music streaming plans.

What is the NNN Reit – and Who Are Their Tenants

NNN REIT, or National Retail Properties, Inc., is a real estate investment trust (REIT) that specializes in owning and operating single-tenant, net-lease retail properties. This means that the company owns retail properties where there is only one tenant occupying the building, and the tenant is responsible for all of the operating expenses, such as property taxes, insurance, and maintenance.

NNN REIT is one of the largest publicly traded REITs in the United States, with a portfolio of over 3,400 properties in 49 states. The company’s tenants include a wide range of national retailers, such as Walgreens, CVS, Chipotle, and Starbucks.

NNN REIT is a popular investment for investors who are looking for a steady stream of income. The company has a long history of dividend growth, and it has increased its dividend for 34 consecutive years. NNN REIT’s shares are also traded on the New York Stock Exchange, which makes them liquid and easy to sell.

What is RouteNote Convert – How to Convert Audio and Image Files for Free

RouteNote Convert is a free online audio and image converter tool that allows users to convert their files between a variety of different formats. It is a popular tool for musicians, podcasters, and other creative professionals, as it allows them to easily convert their files to the required format for uploading to streaming services, social media, or other platforms.

RouteNote Convert supports a wide range of audio and image formats, including:

  • Audio: MP3, FLAC, WAV, AIFF, AAC
  • Image: JPG, PNG, GIF, WEBP, TIFF, EPS, HEIC, PDF, PSD

RouteNote Convert is easy to use and does not require any registration or installation. To use RouteNote Convert, simply upload your file and select the desired output format. The converted file will be available for download within seconds.

RouteNote Convert is a valuable tool for anyone who needs to convert their audio or image files. It is free, easy to use, and supports a wide range of formats.

Here are some of the benefits of using RouteNote Convert:

  • It is free and easy to use.
  • It supports a wide range of audio and image formats.
  • It does not require any registration or installation.
  • It is fast and reliable.
  • It is safe and secure.

What are Zoho’s Most Popular Products

Zoho’s most popular products are:

  • Zoho CRM: A customer relationship management (CRM) software that helps businesses manage their sales pipeline, track customer interactions, and close deals faster.
  • Zoho Books: An online accounting software that helps businesses manage their finances, including invoices, expenses, and payroll.
  • Zoho Desk: A customer support software that helps businesses manage their customer support tickets, live chat, and social media support.
  • Zoho Inventory: An inventory management software that helps businesses track their inventory levels, orders, and shipments.
  • Zoho Projects: A project management software that helps businesses manage their projects, tasks, and resources.
  • Zoho Sites: A website builder that helps businesses create and publish websites without any coding knowledge.

These products are popular among businesses of all sizes, from small businesses to large enterprises. They are known for their affordability, ease of use, and wide range of features.

In addition to these products, Zoho also offers a wide range of other business software applications, such as Zoho Mail, Zoho Calendar, Zoho Writer, and Zoho Sheets. Zoho also offers a number of industry-specific solutions, such as Zoho Healthcare, Zoho Education, and Zoho Retail.

How Many Users are Currently Using Zoho Products

Zoho has over 100 million users globally.

Zoho is a cloud-based business software suite that offers a wide range of applications, including customer relationship management (CRM), human resources (HR), accounting, finance, project management, and collaboration tools.

Zoho is popular with businesses of all sizes, from small businesses to large enterprises. It is also used by educational institutions, government agencies, and non-profit organizations.

Zoho is known for its affordability, ease of use, and wide range of features. The company also offers a free trial for all of its products.

Zoho is headquartered in Chennai, India, and has offices in over 10 countries.

New KakaoBank Investment in Indonesia’s Superbank – Takes 10% Stake

South Korea’s KakaoBank has acquired a 10% stake in Indonesia’s Superbank, a digital bank backed by Grab and Singapore Telecommunications. This investment marks KakaoBank’s first overseas expansion and is expected to strengthen the bank’s position in the Southeast Asian market.

KakaoBank is known for its innovative digital banking products and services, and it is expected to bring its expertise to Superbank to help it grow its business and reach more customers in Indonesia. The investment is also seen as a sign of KakaoBank’s confidence in the Indonesian market, which is one of the largest and fastest-growing digital economies in the world.

Did LiveChat Rebrand as Text.com?

Yes, that’s correct. LiveChat, a popular live chat and customer service platform, has rebranded to Text.com. The company announced the rebrand on August 4, 2023, citing a desire to better reflect its expanded focus on messaging and customer engagement.

Text.com will continue to offer LiveChat’s core features, such as live chat, chatbots, and customer messaging. However, the company will also focus on developing new features and integrations that support messaging across a wider range of platforms, including WhatsApp, Facebook Messenger, and Instagram.

The rebrand comes at a time when messaging is becoming increasingly important for businesses of all sizes. According to a recent study by Statista, over 80% of businesses now use messaging to communicate with customers.

Text.com is well-positioned to capitalize on this trend, given its expertise in messaging and customer service. The company has a large and growing customer base, including over 20,000 businesses in over 150 countries.

The rebrand is also a sign of Text.com’s ambition to become a leader in the broader customer engagement market. The company is investing heavily in new features and integrations, and it is also expanding its sales and marketing team.

It remains to be seen how the rebrand will impact Text.com’s business in the long term. However, the company has a strong foundation to build on, and it is well-positioned to capitalize on the growing trend of messaging-based customer engagement.

What is Google’s Gross Profit Per Employee

Alphabet, Google’s parent company, reported gross profit of \$280.126 billion in the fiscal year 2022. As of March 31, 2023, Google had 163,959 employees, which means that the company’s gross profit per employee in 2022 was \$1,708,512.

Google’s gross profit margin is calculated by dividing the company’s gross profit by its revenue. In 2022, Google’s gross profit margin was 62.44%.

Google’s gross profit is generated from its advertising business, which includes search ads, display ads, and video ads. The company also generates revenue from its cloud computing business, its hardware business, and its other businesses.

Google’s gross profit per employee is one of the highest in the tech industry. This is due to the company’s strong competitive position in the online advertising market and its ability to generate high-margin revenue from its cloud computing business.

Unity Technologies – How Many Shares Does Larry Page Own

Larry Page owns approximately 23.8 million shares of Unity Technologies, according to the company’s June 29, 2023, 13F filing with the Securities and Exchange Commission (SEC). His stake in the company is valued at over $2.3 billion, based on Unity’s closing stock price on August 4, 2023.

Page became a shareholder in Unity Technologies in 2019, when he led a $120 million investment round in the company. He is also a member of Unity’s board of directors.

Unity Technologies is a software company that develops a platform for creating and operating real-time 3D content. The company’s platform is used to create video games, movies, television shows, and other interactive experiences.

Unity Technologies is a publicly traded company, and its shares are listed on the Nasdaq stock exchange under the ticker symbol “U.”

How Many Shares in On Running Does Roger Federer Own

Roger Federer owns approximately 3% of On Running, according to a 2021 report in Sportico. This stake is worth over $300 million, based on the company’s current market capitalization.

Federer became an investor in On Running in 2019, and he also has a partnership with the company to develop his own line of running shoes, the Roger Pro.

On Running is a Swiss company that manufactures high-performance running shoes. The company’s shoes are known for their lightweight and comfortable design.

On Running is a publicly traded company, and its shares are listed on the New York Stock Exchange under the ticker symbol “ONON.”