Press "Enter" to skip to content

Posts tagged as Bloomberg

Franchising and Real Estate

Yum! Brands has over 48,000 restaurants in more than 140 countries. In 2019, we were named to the Bloomberg Gender-Equality Index for the …

Please follow and like us:

Chinese regulators crack down on real estate-backed loans from pawn shops

Over the past few years, China has increasingly relied on real estate-backed loans from pawn stores. Pawn shops in the country provided $43 billion,Pawn shops in the country provided $43 billion worth of loans in 2017 while the number of these stores has doubled since 2010 to more than 8,500, Bloomberg reported.
Crucially, more than half the loans in 2017 were backed by real estate. Borrowers for these loans are not required to disclose how the money will be used, according to Bloomberg, and pawn shops in China will often lend up to 40 percent of the value of an apartment pledged as collateral.More than a third of China’s pawn shops had losses as of February 2018. Now Chinese regulators are seeking to increase oversight of this segment of the market amid a widening crackdown on the countrys expansive shadow banking industry.Specifically, the government is looking to increase the capital requirements for pawn shops.The move also comes as Chinas real estate market is reportedly weakening, especially in rural parts of the country.

Please follow and like us:

Throw Throw Burrito is a card game that weaponizes Mexican food

From the makers of Exploding Kittens comes Throw Throw Burrito. It’s a card game that is quite civilized until one of the players picks up a foam burrito.
Its a card game that is quite civilized until one of the players picks up a foam burrito and throws it at another player.
It is the fourth card game from former video game maker Elan Lee and digital cartoonist Matt Inman, the creator of The Oatmeal. The family-friendly game has blown past its $10,000 Kickstarter goal in a day and reached $820,000 with 29 days to go in the crowdfunding campaign.
Lee is the former chief creative officer at Xbox, but he quit four years ago to create the tabletop game Exploding Kittens along with Inman. The game raised an unprecedented $8 million via crowdfunding, and to date it has sold more than 8 million copies, Lee said in an interview with GamesBeat.
Inman created the hilarious art for the game and helped promote it on his comics web site, The Oatmeal.Above: Throw Throw BurritoImage Credit: Exploding KittensLee and Inman’s company, also called Exploding Kittens, is at the forefront of the tabletop game renaissance, which is now the fastest growing segment of the entertainment industry with the global board games market size expected to reach values of over $12 billion by 2023.
The Exploding Kittens game also got a paid mobile version that is also consistently a bestseller.Their work in tabletops is the exact opposite of the usual migration from a debut on digital platforms and expansion to tabletop, Lee said.
Bloomberg ran an article recently about board games becoming Wall Street’s new way of networking.Exploding Kittens leads sales in the tabletop card game category worldwide, and it still holds the record for the most backed project ever by more than two times through crowdfunding platforms and is among the top-selling toys and games across Amazon, Target, and Walmart.

Once they collect three key items, players can start hurling foam burritos at each other. Since its so physical fights can break out as many as eight times per game it becomes fun to watch the game.
While our other games had animals, we realized we had to depart from animals, Lee said. None of us felt comfortable with throwing an animal.But the most fun for us was throwing food.Above: Elan LeeImage Credit: Exploding KittensThe team tested different objects, and they even took a trip to China to examine materials.
The people at the factory seemed quite puzzled at the Americans throwing things at each other for product testing, Lee said.This kind of game is similar in spirit to Exploding Kittens and the companys other games, Bears vs.
Babies and Youve Got Crabs. Lee said he wanted to make games that lure people away from their screens and back to each other.
The company of 22 people comes up with these games in part by shutting down for four hours to play games.Above: Matt InmanImage Credit: Exploding Kittens For us, the mission is what does the next step in tabletop games look like? Lee said.
Its an important theme. What happens when you lure people away from screens push them toward each other.
Our games are not designed to be entertaining, but to make the people who play them entertained.Kickstarter contributors will get their games in September and a general retail release is targeted for the holidays.

Please follow and like us: