03 most interesting news today
- #tech. Nytimes
Despite many challenges ahead, Alphabet reached the market cap milestone: $1 Trillion, after Apple, Microsoft and Amazon.
- #fashion. Fortune
Gap spinned of Old Navy, on the premise that its growth doesnt reflect on GAP stock price. Then GAP stock price rise, but it’s underlying health is still a concern as it has lost its identity in recent years.
- #economic. Nytimes
US and China signed the phase 01 of trade deal, in 8 terms and rolling out in…phase. The terms revolves around central topic of the disagreement such as intellectual property, increase purchase of agriculture goods and and the resolution of business dispute
Summary of my favorite topic: Benzinga: Why growth in Latin America matters for Netflix
Netflix has achieved the penetration rate of 650-700 points in Latin America, even higher than its peak in the US in 2013. This successful performance previews the growth in emerging markets.
Latin America is perceived as a lower-developed than the US. But it has a young population and high-TV pay price. Netflix has put some investment in local content to create some hits widespread all over the key countries.
The context is quite the same in Asian-Pacific countries. However, two problems arose: higher TV price and the difference in local taste, which is hard for Netflix to resonate with. To tackle them, Netflix has aggressively ramping its local content production in Asian countries.
Huy Luu's business blog 