In this week’s wrapup we talk about the Chinese ed-tech industry, cigarettes, India’s digital currency, chicken prices and Robinhood's much-awaited IPO.
But if you want to check out the Markets edition this week before you go about reading the wrapup, don't forget to click the link here. It's about Tata Motors.
The death of Chinese ed-tech?
Last week China flipped the switch and went nuclear on its burgeoning private ed-tech industry. The draft policy stated that all tutoring companies would be barred from going public (IPO), raising funds, and acquiring other educational services. And while everybody believes the new set of rules may effectively decimate the entire industry altogether, we have to ask— Why? Why is China doing this?
Well, if you want to find out, you should definitely read Monday’s Newsletter.
Why cigarette companies want you to quit smoking
Jacek Olczak, the CEO of Philip Morris International — most notable for making Marlboro cigarettes — recently announced that they’d stop selling cigarettes in the UK within the next 10 years. In fact, he said that his company wants to “See the world without cigarettes…”. And while at first glance, it may sound preposterous, it all starts making sense as soon as we begin digging deeper?
So what's prompted a sudden change in heart you ask? Well you can read the full story right here.
Is India getting its own digital currency?
We all know RBI has been working towards developing a new national digital currency. And while the topic has certainly garnered a lot of interest, there's still a lot of unanswered questions.
How will it work with the current financial system? Will it be disruptive? Will it complement the banking structure? Or will it be something else entirely? Well, if stuff like this is bothering you, then you should definitely check out the Wednesday Newsletter.
Chicken prices to the moon
Over the last few weeks, chicken prices have skyrocketed across many parts of India. This includes the farm gate price — where farmers sell live birds to customers. And the retail price — where you get dressed chicken, without the feathers and other organs.
And while some people believe this could be a temporary blip, poultry farmers aren’t convinced that this is in fact the case. They allege that prices are on the rise because it’s now more expensive to raise poultry and they have some solid facts to back their argument.
What might these facts be you ask? That's what we looked at in Thursday’s Newsletter.
A look at Robinhood's IPO
Robinhood went public this week and raised some $2.1 billion on NASDAQ at a $32 billion valuation.
So we looked at its complex business model, we saw how Robinhood is breaking away from IPO tradition, and we also analysed other aspects of the IPO. So if you want an oversimplified review of Robinhood's prospect you can check out Friday's Newsletter.
Anyway, that's it from us today. We will see you next week. Until then don't forget to share this story on WhatsApp, LinkedIn and Twitter