TikTok said it would adjust the recommendation algorithm to avoid showing too much of the same content to users. Social media platforms around the world are under scrutiny for their potential harm to young users. TikTok said on Thursday that it was testing ways to avoid pushing too much topic-specific content to individual users, such as extreme weight loss, sadness or breakup, to protect their mental health. The popular video-sharing app said the measures were taken to prevent users from watching too much of certain categories of content, which may be fine as a single video, but a large number of views can cause problems. The number of monthly users of TikTok exceeded 1 billion in September.

Tsinghua Holdings, a shareholder of China's Ziguang Group, said on Friday that recently, Jiankun Group, a minority shareholder of Ziguang Group, and its controller, Zhao Weiguo, released false information about the debt risk disposal of Ziguang Group.Tsinghua Holdings hereby declares that the relevant information is not authorized by Tsinghua Holdings and does not represent the opinion of Tsinghua Holdings. There are only two shareholders in Ziguang Group. The major shareholder is Tsinghua Holdings, which is owned by Tsinghua University, with a shareholding ratio of 51%. The 49% shareholder is Beijing Jiankun Investment Group, and the actual control is Zhao Weiguo. Ziguang Group said in a statement on Thursday that as of June 30, 2021, Ziguang Group had restructured the main owner's equity of-44.278 billion yuan.

Oracle Corp (Oracle) is in talks to acquire Cerner, an electronic medical records company, a deal that could be worth about $30 billionAnd can propel the enterprise software giant further into the medical field. If the deal goes through, it will be the largest deal ever made by Oracle Corp, with a market capitalization of more than $280 billion. Cerner designs software that hospitals and doctors use to store and analyze medical records and other medical data, with a market capitalization of about $23 billion.

Netflix Inc (Netflix) is slashing prices in India, cutting the price of his basic plan in India by 60%To 199 rupees ($2.61) a month. Netflix also reduced its lowest-priced plan, which offers only mobile viewing, to $1.95 a month. India is a key market for global growth, where Netflix lags behind lower-priced streaming services from Amazon.Com Inc and Walt Disney.

Electric car startup Rivian Automotive plans to start building a second U.S. manufacturing plant in Georgia next year, betting heavily on its ability to steadily increase sales in the coming years. Rivian announced the $5 billion manufacturing investment on Thursday after raising nearly $13.5 billion in new capital in a sensational IPO last month. Rivian said its new plant would have an annual capacity of 400000 vehicles and create 7500 jobs. The start-up carmaker plans to start producing a new generation of cars at its new factory in 2024.

TPG, an alternative asset manager, filed a prospectus with the Securities and Exchange Commission (SEC) on the 16th. The company intends to apply for its common shares to be listed on NASDAQ.According to the IPO documents, the company has more than $109 billion in assets under management. TPG's net income attributable to controlling shareholders was $1.7 billion in the nine months ended September 30, up from $319.4 million in the same period in 2020. Total revenue in the nine months surged 590% to about $3.9 billion. TPG has more than 900 employees worldwide, including more than 320 investment and operations professionals. At present, there are more than 280 invested enterprises, which are headquartered in more than 30 countries and regions.

UBS is in talks with China Life Insurance (Group) to set up an asset management joint venture in China.This is part of the Swiss bank's plan to strengthen its influence in China. UBS will take a majority stake in the business unit. If finalized, it would be the first asset management joint venture with a majority stake in an insurance company since China allowed foreign investors to take majority stakes in such partnerships in 2019.

Steve Easterbrook, the former chief executive of McDonald's Corp, who was fired for having an affair with a subordinate, has given up more than $105 million in bonusOne of the most unusual executive pay disputes in corporate America ended in a settlement. The hamburger chain disclosed on Thursday the return of Easterbrook's reward, which far exceeded the more than $40 million in severance pay he received when he left office in 2019. McDonald's Corp's impolitely worded statement also included a public apology from the British executive.

Global consulting firm Bain released a report on Thursday that the changes in the channel structure that affect the behavior of Chinese shoppers are gradually accelerating, the penetration of online channels continues to grow and the competition pattern is becoming increasingly fierce.With the rise of e-commerce upstarts such as Pinduoduo, Douyin, Kuaishou Technology, Xiao Hongshu and Wechat, BABA's contribution to ecommerce channel growth fell from 49 per cent last year to 35 per cent in the first three quarters of this year.

The Indian Competition Commission (CCI) on the 17th revoked the license of Amazon.Com Inc (Amazon) to acquire Future Coupons, a subsidiary of India Future Retail Co., Ltd. (Future Retail Ltd).. At the same time, Amazon.Com Inc was fined 2 billion rupees ($26.3 million) by CCI for concealing the facts of the transaction. As early as August 2019, Amazon.Com Inc announced the acquisition of a 49 per cent stake in Future Coupons. But then, due to the impact of COVID-19 's epidemic, Future Retail decided to sell its retail business to Reliance Industries, another local industrial giant. But the plan was opposed by Amazon.Com Inc.

Marriott International Group (Marriott International) recently announced plans to open more than 30 luxury hotels in 2022.Is committed to providing a unique parking experience for high-end travelers with its rich and diverse lineup of luxury brands. At present, Marriott International has more than 460 landmark luxury hotels and resorts in 68 countries and regions. In the future, Marriott International will continue to expand its luxury hotel territory, with about 190 hotels in preparation. Of these, 30 hotels are expected to officially open in 2022 in iconic and emerging destinations including Mexico, Portugal, Australia and South Korea.

Financial report information

Accenture PLC (Accenture) reports results for the first quarter of fiscal year 2022 (ending November 30, 2021). Global revenue reached $15 billion, up 27 per cent year-on-year in both US dollars and local currencies. Operating profit in the first quarter reached $2.43 billion, up 29% from a year earlier. By business division, Accenture PLC consulting-related business contributed $8.39 billion in revenue, while outsourced services-related revenue was $6.57 billion. Broken down by regional markets, growth markets, including China, contributed $2.96 billion in revenue, up 30 per cent year-on-year in local currencies. Revenues in the North American and European regional markets are $6.91 billion and $5.1 billion, respectively.

FedEx Corp (FedEx) announced financial results for the second quarter of fiscal year 2022. Quarterly revenue was $23.5 billion, compared with $20.6 billion a year earlier, up 14% from a year earlier. Net profit was $1.04 billion, compared with $1.23 billion in the same period last year. Adjusted net profit was $1.3 billion, unchanged from a year earlier.

Rivian Automotive, an electric car start-up, reported its first financial results since going public. The company's revenue for the third quarter of fiscal 2021 was $1 million, reflecting its first car sales since September. The company's net loss widened to $1.2 billion from $288 million a year earlier, as the cost of launching new models and developing future models increased. As of December 15, Rivian had produced 652 R1T electric pickups and delivered 386 R1T. The company's seven SUV R1S are scheduled for mass production next spring.