11.11 The Singles Day

It’s never too much of shopping if you want to surround yourself with countless number of merchandise. Every year Chinese e-commerce giant Alibaba organizing huge sale on Singles Day. In order to attract more customers company make big show with major pop stars and countless performance. Huge discounts and craze about this special shopping day […]

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African Continental Free Trade Zone

All 55 African countries agreed to establish free trade zone. This mean potential growth and prosperity for citizens. African Union launched in 2002 as pan-African organization consisting 55 member states. Members: Algeria, Angola, Benin,Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, CAR, Chad, Comoros, Congo, Cote d’Ivoire, Democratic republic of Congo, Djibouti, Eritrea, Egypt, Ethiopia, Equatorial […]

Saudi Aramco as the largest company in the world.

Saudi Aramco is the largest integrated oil and gas company in the world. Approximately one in every eight barrels of crude oil produced by company. Company’s refining capacity is fourth largest in the world: gross refining capacity of 4.9 million barrels per day & net refining capacity of 3.1 million barrels per day. Company expects […]

World’s wealth hierarchy

Wealth creation is one of the most controversial topics. In this article I want to show numbers & facts about wealth. There’s gonna be no emotional bla bla bla about inequality, only numbers. Article based on Credit Suisse Global Wealth Report (2018).In 20th century speed of wealth creation sharply increased due to technological revolution and […]

Wealth migration and best countries for relocation

Wealthy people learned how to protect their wealth. Different strategies used but main one is relocation to safer place. (financially, personally, religiously) Global wealth migration is not new practice but now more common. Classification by net worth: Mass affluent: $100.000 – $1.000.000. Millionaire (high net worth individuals): more than $1.000.000. Multi-millionaire: more than $10.000.000. Billionaires: […]

China’s Union Pay business model

China’s Union Pay is financial services corporation established in 2002 with headquarter in Shanghai. It has monopoly protected by government. For many years Chinese market was closed to American competition (Visa, MasterCard, American Express etc), which resulted in significant growth to largest payment organizations in world. According to www.reuters.com American Express won permission to operate […]

Visa Inc business model

Visa Inc is global payment technology company established in 1958 headquartered in California. It’s second largest payment network after China Union (protected by government of China). As per Forbes magazine without China UnionPay , Visa Inc is biggest worldwide. In Match 2008 IPO (initial public offering) with 44 dollars per share. Traded in New York […]

How Visa, MasterCard, American Express make money

Digital payment era reshaped by payment networks like Visa, MasterCard, American Express and China Union. Due to Forbes market share without China Union data. Visa Inc is market leader with 52% market share. MasterCard and American Express each 22%. Visa Inc growing faster because of balanced expansion strategy based on competitive pricing and high ticket […]

Cashless countries

Electronic payment options revolutionized cashless payments world wide. But homosapiens used cashless payments in form of barter since first exchanges happened. Usage of cash considered complicated in many ways: Impossible online payments by cash Cash could be used as virus spreading tool If lost almost impossible to find Not resistant to water, fire, insects Danger […]