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Red Bull Unknown Facts

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Founded in 1987 by Austrian entrepreneur Dietrich Mateschitz and Thai businessman Chaleo Yoovidhya, Red Bull is a popular energy drink known all over the world.  Let us take a look at some lesser known facts about Red Bull.

Unknown facts about Red Bull

1) Known for its slogan “Red Bull gives you wings,” Red Bull was once sued for false advertising.  A consumer sued the Company for $ 13 million, with the claim he was drinking Red Bull regularly for 10 years but didn’t gain any wings or athletic skills, as promised by the advertisement of the Company.

2) Red Bull was once banned in Germany for a short period of time when German authorities found traces of cocaine in the drink.  However, the Company stated cocoa is only used as a flavoring agent after the removal of cocaine and one has to drink over 12,000 liters of the energy drink in order to feel any effect of cocaine.

3) With over 20 variants of Red Bull, the Company manufactures one exclusive version of Red Bull, only available to Formula 1 VIPs.

4) In 2012, as a part of its Red Bull Stratos project, the Company sent Austrian professional skydiver Felix Baumgatner 24 miles into space and Felix made a freefall at a speed of 830 miles, before deploying his parachute.

5) The Company supports research about spinal cord injuries and paraplegia, for which it raises money by organizing a yearly competition called “Wings for Life.”

6) To make Red Bull popular among college kids, co founder Dietrich Mateschitz paid popular college kids to throw parties at unusual locations and supplied Red Bull to them to tie on their cars while driving back to their respective colleges.

7) The Company has its own record label, which is called Red Bull Records and its own music academy, called the Red Bull Music Academy.

8) Based in Fuschl, Austria, Red Bull’s headquarters (HQ) are one of the most interesting places in the world.  The Red Bull HQ comprises of two dome shaped buildings, floating in a boat shaped lake.

With over 6 billion cans of Red Bull sold every day worldwide, the Company established itself as a powerhouse in the energy drink industry.  Which of these facts about Red Bull surprised you the most? Comment below and let us know.

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Wharton Graduate Eric Tse Becomes Billionaire At 24

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Eric Tse, a Wharton graduate, was gifted $ 3.8 billion by his parents in the form of 2.7 billion shares of his parents’ company, Sino Biopharmaceutical Limited.

It was also reported along with the gift, Eric Tse was also promoted to the position of executive director at Sino Biopharmaceutical, after working at the Company for 1 year.  As the executive director, Eric Tse will have a salary of $ 498,000 annually plus bonuses.

Now, Forbes lists Eric Tse as the 546th richest person in the world.  Moreover, Bloomberg also reported the shares transferred to Eric Tse are equivalent to 21.45 % of the Company’s share capital. 

Tse Ping, Eric’s father, founded the billion dollar company Sino Biopharmaceutical in 2000 and serves as the CEO of the Company.  Cheung Ling Cheng, Eric Tse’s mother, also serves as the Vice Chairperson of Sino Biopharmaceutical. Theresa, Eric’s older sister, who is currently the Company’s Chairperson, owns 11 % of the Company. 

According to a statement released by Sino Biopharmaceutical, the shares were transferred to Eric Tse in an effort to refine the management of the Company and the inheritance of the family wealth.  The statement also added the board of directors believe the transfer of shares will not have any material impact on the business operations of the Company.

Eric Tse, who majored in Finance at the Wharton School of the University of Pennsylvania, was also the co founder of the Penn Wharton China Summit.  The non profit organisation grew to become America’s largest student organized summit in China.

Despite the sudden increase in wealth, Tse expressed his wish of not wanting to participate in wealth ranking

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Huawei Unknown Facts

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Huawei is the world’s largest manufacturer of telecommunication equipment.  The Company was founded in 1987 by the 42 year old Ren Zhengfei.  Considered one of the world’s largest technology brands, Huawei was valued at $ 105.1 billion in 2018.  Here are a few unknown facts about this tech company.

Unknown facts about Huawei

1) Founder Ren Zhengfei came up with the name Huawei after coming across the phrase ‘Zhonghua youwei,’ which meant ‘China has promise.’ 

2) The name Huawei can be quite difficult for non Chinese people to pronounce.  Huawei is pronounced as ‘Waa wai,’ but Huawei’s pronunciation varies by countries.  This led the Company to launch a name recognition campaign, where they used “Wow way” to encourage a pronunciation closer to the actual one.

3) Huawei puts more focus on Research and Development (R and D,) with more than 40 % of the Company’s employees working in the R and D department. 

4) Huawei’s Ox Horn Campus is famous for its European style architecture.  Based in Guangdong, the R and D campus consists of 12 small ‘towns,’ modeled after famous European cities like Paris, Granada and Bruges.  The research buildings of every ‘town’ are a replica of popular castles, palaces and many more.

5) Huawei’s 5G tech played a big part in the world’s first remote brain surgery.  Dr. Ling Zhipei performed the brain surgery on a patient suffering from Parkinson’s disease.  The surgeon operated on the patient, who was 3,000 km away from him, by manipulating surgical instruments with the help of a computer and 5G network.  After the success, Dr. Zhipei credited Huawei’s 5G technology for ensuring a nearly real time operation.

6) In the tech industry, Apple is considered a direct rival of Huawei.  However, this rivalry did not stop Huawei founder and CEO Ren Zhengfei from using Apple products.  Zhengfei considers Apple’s iPhone the best phone in the world and revealed his family prefers Apple’s products over Huawei’s.

 

Did you find any of these unknown facts interesting?  Comment below and let us know.

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Netflix To Face Stiff Competition Soon

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Netflix, which has been enjoying the status of being the biggest streaming service in the world, will face tough competition, come November.  Netflix stayed ahead of many key rivals like Amazon Prime Video and Hulu, since its inception in 2010. However, with giants like Apple and Disney entering the streaming market, the streaming war is expected to enter a new phase by 2020. 

Tech giant Apple announced its own streaming platform called Apple+.  Apple+ will be made available from November 1st, 2019 in over 100 countries, with a minimal fee of $ 4.99.  With the promise of bringing fresh and original content, Apple is investing quite a lot of money in Apple+.

Similarly, Disney is also planning to launch its own streaming service on November 12th, 2019.  The streaming service will be available initially in the U.S., Canada, and the Netherlands, prior to its introduction to the rest of the world.  With its enormous list of popular movies and series like Star Wars and Pirates of the Carribean, the Disney streaming service is expected to give tough competition to others.  With a subscription fee of $ 6.99, Disney is planning to offer every Disney and Pixar animated movie within the first year of its launch. 

Moreover, Netflix is also facing competition from other streaming services like A&T’s WarnerMedia, which is planning to launch HBO Max in early 2020.  A&T also reclaimed the streaming rights of popular show Friends from Netflix.

With popular shows and movies leaving the platform, Netflix is also facing difficulty in acquiring actors, directors and producers in order to keep the audience interested. 

Despite facing such stiff competition, Netflix remained unfazed, with its CEO Reed Hastings stating, “Disney will be a great competitor.”  With so many new competitors entering the market in 2020, it will be interesting to see which online streaming service remains at the top.

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