Daily Archives: July 17, 2017

Microsoft plans to triple stores in Chinese mainland

Journalists and Microsoft fans get a look at the new Microsoft Surface Studio introduced at a Microsoft news conference on Oct 26, 2016 in New York. Microsoft Corp plans to triple the number of its franchised stores in China to 400 in two years, as the United States tech giant steps up efforts to boost the sales of its consumer electronics products. The plan came shortly after the firm unveiled a new all-in-one desktop personal computer on Wednesday, to target creative professionals and consumers. Isaiah Cheung, vice-president at Microsoft Greater China, said China is the second biggest market for its Surface lineup, only after the United States. “The average price Chinese consumers pay is going up. We believe China will overtake the US as our largest market one day,” Cheung said. In the latest quarter ending in September, Surface revenue hit $926 million, up 38 percent year-on-year. In the same time frame, the China market was also growing rapidly, Cheung said. Currently, the firm has 115 franchised stores in the Chinese mainland and has established closer partnerships with major retail chains such as Suning Commerce Group Co Ltd. The firm is also planning to open its first China Microsoft store, a store owned and operated by Microsoft itself, as an increasing number of consumers are gravitated toward its products. “We are looking for the proper timing and location to open the store. After all, we don’t have to worry about its revenue now, given the strong sales performance in China,” Cheung said. Surface Studio, the new PC unveiled on Wednesday, comes with a 28-inch display with what Microsoft says is the thinnest LCD screen ever. It is priced at $2,999 in the United States. The Windows 10 update, which will be rolled out in the spring, enables consumers to invent and share 3D-objects. On Thursday, Apple Inc also unveiled a new Macbook Pro, seeking to expand its share in the PC market. Zhao Xiaolei, an analyst at International Data Corp, said Microsoft hopes to set the trend of what future all-in-one desktop PCs should look like so that other PC manufacturers can follow. Currently, the best-selling Surface products in China are its tablet-PC hybrids.

FIFA unveil final reform plan amid new scandals

A journalist walks in front of FIFA’s headquarters in Zurich, Switzerland December 2, 2015. ZURICH — The Federation International Football Association (FIFA) executive committee on Thursday unanimously approved a set of reform proposals, after two FIFA high-ranking officials arrested earlier the day.Ahead of the two-day executive committee meeting to wrap up on Thursday afternoon, focused on the hammer down the final reform plans, FIFA vice-president Alfredo Hawit and president of the South American Football Confederation Juan Angel Napout were arrested in a luxury hotel before dawn.At the same hotel, Swiss police arrested seven FIFA officials in May, kicking off the comprehensive investigation against FIFA.According to the Swiss Federal Office of Justice, the two officials are suspected of accepting bribes of millions of dollars for selling marketing rights in connection with football tournaments in Latin America, as well as World Cup qualifying matches.The two officials are currently in custody pending extradition. However, FIFA unveiled the reform plan despite the new scandal.The new proposal will impose maximum term limits of three terms of four years for the FIFA President as well as all members of the FIFA Council, the Audit and Compliance Committee and the judicial bodies.In terms of clear separation of political and management functions, the FIFA Council (replacing the FIFA Executive Committee) will be responsible for setting the organisation’s overall strategic direction, while the general secretariat will oversee the operational and commercial actions required to effectively execute that strategy.

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