Apple grows ad business with launch of App Store Search Ads in China

App Store Search Ads started in 2016, right around the time that Apple announced a financial target to double Services revenue by 2020 (it would go on to easily beat that goal). At the time, Search Ads were sold only in the United States. Apple would quickly expand the ad service internationally.

More than five years on, the company is now releasing App Store Search Ads in China, as first reported by blog AppInChina.

Obviously, China’s scale makes it a huge market. However, strict Chinese advertising rules limit exactly what can be promoted. In fact, developers will need to upload special documents and get explicit approval before being allowed to bid for keywords on the Apple Search Ads platform. This complexity is probably why it took Apple so long to launch Search Ads in China at all.

China is similarly restrictive on what apps can be listed on the

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Chapel Hill’s old-school business center keeps up with changing times

A block straddling the Chapel Hill-Carrboro border has developed a distinct old-school presence from the rest of downtown. It’s increasingly becoming a destination for food, socializing, music, art and games.

The area is called Midway.

“It’s such a hub for people because it’s not really Chapel Hill and it’s not really Carrboro,” said Sammy Martin, who along with a group of partners in 2008 bought the block bounded by N. Graham St. and Franklin St. that starts at The Baxter and wraps around the corner to Mint Indian Cuisine.

Martin said that when he bought the property with his wife, Wendy Mann, many of the businesses were not drawing traffic to the area. However, over the last decade, Martin and Mann have sought to add vibrancy to Midway by bringing in an eclectic array of businesses they say form one cohesive unit. 

Mann said the vision for Midway began with

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Pernod Ricard’s new profit forecast lifts shares to record high

PARIS, June 23(Reuters) – Pernod Ricard (PERP.PA) raised its annual profit forecast as the French drinks saw a stronger than expected recovery with the removal of COVID-19 curbs, driving its shares to a record high in early trading on Wednesday.

The owner of Mumm champagne, Absolut vodka and Martell cognac now expects organic profit growth of about 16% for its 2020/2021 fiscal year, up from a previous April forecast of 10%.

Pernod shares were up 2.97% at 185.30 euros at 0810 –, having hit 187.60 euros earlier — and were one of the strongest performers on the Stoxx 600. Since the start of the year, the stock is up 18.2% versus around 13% for the Stoxx 600 Food & Beverage index (.SX3P).

The world’s second-biggest spirits group after Britain’s Diageo (DGE.L) had already told an investor presentation on Tuesday that it was confident about its prospects in Asia, helped

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7 ways companies are advancing racial justice in business

  • Over the past year, the pressure for companies to act on racial equality has increased.
  • In response, they have started to focus on seven key actions to increase diversity, equity and inclusion (DE&I).
  • These include hiring for DE&I roles and providing anti-bias trainings.

The murder of George Floyd at the hands of police officers on May 25, 2020, caused a surge in activism across the world, and forced businesses and organizations to both acknowledge and scrutinize the systemic racism and bias inherent in much of corporate culture and operations.

For the past decades, corporate diversity, equity and inclusion (DE&I) programmes mostly focused on advancing gender equality and ignored racial justice as too complex and too controversial. But since 2020, mentions of “systemic racism” in corporate meetings have exponentially increased. Nearly one-third of Fortune 1000 companies have made public statements on racial equity, and the private sector has pledged a

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