Cushman & Wakefield (NYSE: CWK) recently announced the firm has represented Jay Group, a leading order fulfillment and logistics company headquartered in Lancaster, Pennsylvania, in leasing 126,916 square feet (sf) of industrial/warehouse space in Reno, Nevada.
Owned by Prologis, Inc., the global leader in logistics real estate, the facility is located at 1381 Capital Blvd and is commonly known as Prologis Reno Airport 1. Brian Armon, CCIM, SIOR with Cushman & Wakefield in Reno represented the tenant in the transaction.
Jay Group will occupy just over half of the two-tenant building totaling approximately 232,000 sf and situated in the heart of The Truckee Meadows. Jay Group has been an industry-leading provider of warehouse inventory management, eCommerce fulfillment, and specialty packaging services for more than 50 years, and the facility will serve as a distribution and fulfillment center for the company’s West Coast clients.
"This Northern Nevada facility will represent Jay Group’s first location in the Western United States,” said Brian Armon. "The company was most attracted to the Reno area as it offers a unique geographic advantage with excellent next day delivery service across the West region, providing service to nearly 70 million people.”
Armon added, "This was a great collaborative effort all around between Jay Group, Prologis and our Cushman & Wakefield team, and we couldn’t be more pleased with the results. We were able to structure a deal that was beneficial to all parties and in a great facility that suited Jay Group’s needs. The transaction also backfills a sizable industrial vacancy before the space actually hit the market.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200914005712/en/
Samantha Lee/Business InsiderPeriod-tracking apps collect incredibly intimate data about their users.
They also have a track record of shaky privacy practices.
Insider spoke to an expert about what happens to do your data – and whether you should use the apps
Visit Business Insider's homepage for more stories.
When you tell an app about your period, it's hard to know exactly where that data is going.
Period-tracking apps offer clear health benefits to users, allowing them to track and anticipate symptoms, as well as providing an aid for people hoping to conceive. They are also hugely popular - period tracker app Flo has more than 50 million downloads on the Google Play store. Its next big competitor Clue has more than 10 million. It's a competitive market, and even Apple launched its own period-tracking app in 2019.
Unfortunately, menstruation apps also have a track record of throwing up big privacy red flags.
This manifested last week, when popular period-tracking app Flo reached a settlement with the Federal Trade Commission (FTC) after the FTC alleged it shared sensitive user data with third parties including Facebook and Google - a practice that was revealed by a Wall Street Journal investigation in 2019.
Stories like Flo's leave users wondering: do the health benefits of using a period tracker outweigh the privacy risks?
Privacy International in December published an analysis of how five period and fertility monitoring apps (including Flo and Clue) moved their users' data around.
Eva Blum-Dumontet, the researcher who led Privacy International's report, said even though she has been studying the field for years, she was taken aback by just how much data the apps stored about their users. This included the contents of notes on users' masturbation habits and how frequently they go to the bathroom.
Carrie Walter, general counsel at Berlin-based Clue, said the amount of data Clue processes is no cause for concern.
"The fact that every interaction with the app generates data stored on our servers is neither surprising nor inappropriate. We are a cycle tracking app, dedicated to providing our users with personalised insights about their wellbeing based on the data they track. We could not provide this service if we did not store the data that people choose to input," she said in an email to Insider.
Could your data be used to target you with ads?
Exactly what happens after apps collect this data and pass it on can be fairly opaque, especially to consumers. This makes it hard to confirm definitively whether information you give to a menstruation app could be used to target you with ads elsewhere on the internet.
Privacy International report found some period-trackers, including Clue, were sharing data with third parties. This data isn't being used elsewhere online, but it can be used to target users with ads inside the apps.
There is functionality behind this; some period apps process their users' data in order to target them with articles - for example if a user frequently gets oily skin around their period, the app will give them skincare advice.
While Privacy International's research showed some of the third parties processing period-tracking data included big household name tech companies like Amazon and Google, Blum-Dumontet said that isn't a big concern for her, as Amazon and Google provide very rudimentary services such as web hosting.
She instead pointed to a handful of companies that showed up in her research, which specialize in profiling and targeting users including Braze and Amplitude.
"What they are offering as a service to those apps is to be able to target and to create a profile of you - and again that's not to say the profile will be shared with others, but it is using your data to target and and to build a profile and expectations of what you want to see, what kind of ads you should be receiving," she said.
In a statement to Insider, a spokeswoman for Clue said the app doesn't send these companies any health data, and that they are used for internal analytics and functions including in-app messaging and notifications. She added that Clue is in the process of building an internal analytics tool to replace Amplitude.
"This is part of our broader roadmap to replace third party services with self-built tools whenever possible," the spokeswoman said.
Walter emphasised that none of the data entered into Clue into ad networks, and that Clue does not allow outside advertisers to target people inside the app.
"We are a company that needs to pay its own way, so we do use ad networks for online marketing. But, again, the crucial point is in the detail: we are extremely careful with users' health data. It never goes to ad networks, nor do we use it to target ads on behalf of others in our own app," she said.
Could your data be passed along to medical insurers?
Blum-Dumontet said there was no evidence in her research that data from menstruation apps is being passed along to entities like medical insurers, and in the UK and EU countries data protection laws forbid companies from repackaging data for purposes other than what users consented for it to be used for.
In the rest of the world - including the US - regulation is less robust, and Blum-Dumontet thinks it's possible menstruation app data could end up feeding into companies including insurers. "Outside of the European Union or the UK it's essentially a data wild west, and yeah this is definitely a scenario that could happen," she said.
Blum-Dumontet doesn't want to see period-tracking apps eradicated, and she doesn't even think users should necessarily delete their apps.
Read more: Pioneering femtech startup Elvie is bringing Apple's model to women's health despite coronavirus disruption
"Meeting people who use menstruation apps it's always the question that comes up [...] do I have to delete it. And my answer to that question is: if it is useful to you no, don't delete it," she said.
She believes it's the companies, not the consumers, that need to change their behavior.
The first change she thinks they should implement is designing their apps to store and process data locally on users' phones, rather than siphoning it off to a central server where they have access to it. Secondly, she says apps can minimise the amount of data they collect in the first place.
"We really have to ask ourselves what data is essential for the app to function. They also have to ask themselves what services are essential," she said.
The period-tracking app industry has already shown some signs of shifting. In 2019, Privacy International discovered some apps were sharing alarming amounts of intimate data with Facebook, and developer behind menstruation app Maya modified its app to stop this.
BEIJING, Jan. 18, 2021 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU and 9901.SEHK), the largest provider of private educational services in China, today announced that the board of directors has appointed Mr. Zhihui Yang as the Executive President of the Company, effective on January 15, 2021. Mr. Yang will continue to serve as the Chief Financial Officer of the Company.
Mr. Zhihui Yang has served as the Company's Chief Financial Officer since April 2015. Prior to this, Mr. Yang held multiple positions after he joined our company in April 2006, including vice president of finance, deputy director of president office and senior financial manager. Prior to joining New Oriental, Mr. Yang served as the financial director of Beijing Hua De Xin Investment Co., Ltd. from July 2002 to March 2006. From August 1997 and May 2002, Mr. Yang worked for PricewaterhouseCoopers as a senior auditor. Mr. Yang received his bachelor's degree in economics from Guanghua School of Management of Peking University.
Mr. Michael Yu, New Oriental's Executive Chairman, said, "We are very pleased to announce Mr. Yang's promotion to Executive President. Mr. Yang has been with the Company for 14 years and a key part of our success with his wealth of experience, knowledge and passion in China's fast-growing education services industry, along with his prior experience in accounting, financial management and corporate financial advisory. As we are delighted to have Mr. Yang taking this important leadership role at New Oriental, we look forward to the contributions he will make to the future growth of the Company and wish him well in his new role."
About New Oriental
New Oriental is the largest provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental's program, service and product offerings consist of K-12 after-school tutoring, test preparation, language training for adults, pre-school education, primary and secondary school education, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK) respectively. New Oriental's ADSs, each of which represents one common share. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.
For more information about New Oriental, please visit https://www.neworiental.org/english/.
Contacts For investor and media inquiries, please contact:
Ms. Rita FongFTI ConsultingTel: +852 3768 4548Email: email@example.com
Ms. Sisi ZhaoNew Oriental Education & Technology Group Inc.Tel: +86-10-6260-5568Email: firstname.lastname@example.org
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SOURCE New Oriental Education and Technology Group Inc.