Twitter is testing new ways to fight misinformation — including a community-based points system

Twitter confirmed that the leaked demo, which was accessible on a publicly available site, is one possible iteration of a new policy to target misinformation it plans to roll out March 5. “We’re exploring a number of ways to address misinformation and provide more context for tweets on Twitter,” a Twitter spokesperson said. “Misinformation is a critical issue and we will be testing many different ways to address it.” The leaked demo also shows an example of medical misinformation, including an e


Twitter confirmed that the leaked demo, which was accessible on a publicly available site, is one possible iteration of a new policy to target misinformation it plans to roll out March 5.
“We’re exploring a number of ways to address misinformation and provide more context for tweets on Twitter,” a Twitter spokesperson said.
“Misinformation is a critical issue and we will be testing many different ways to address it.”
The leaked demo also shows an example of medical misinformation, including an e
Twitter is testing new ways to fight misinformation — including a community-based points system Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-20  Authors: ben collins
Keywords: news, cnbc, companies, policy, fight, posted, ways, leader, example, leaked, including, points, house, communitybased, tweets, testing, twitter, misinformation, demo, system


Twitter is testing new ways to fight misinformation — including a community-based points system

The leaked demo includes a tweet about gun background checks by Sen. Bernie Sanders, I-Vt., an example of medical misinformation, and a tweet about whistleblowers by House Minority Leader Kevin McCarthy, R-Calif.

Twitter is experimenting with adding brightly colored labels directly beneath lies and misinformation posted by politicians and public figures, according to a leaked demo of new features sent to NBC News.

Twitter confirmed that the leaked demo, which was accessible on a publicly available site, is one possible iteration of a new policy to target misinformation it plans to roll out March 5.

In this version, disinformation or misleading information posted by public figures will be corrected directly beneath the tweet by fact-checkers and journalists who are verified on the platform, and possibly other users who will participate in a new “community reports” feature, which the demo claims is “like Wikipedia.”

“We’re exploring a number of ways to address misinformation and provide more context for tweets on Twitter,” a Twitter spokesperson said. “Misinformation is a critical issue and we will be testing many different ways to address it.”

The demo features bright red and orange badges for tweets that have been deemed “harmfully misleading,” in nearly the same size as the tweet itself and prominently displayed directly below the tweet that contains the harmful misinformation.

Examples of misinformation included a false tweet about whistleblowers by House Minority Leader Kevin McCarthy, R-Calif., a tweet about gun background checks by Sen. Bernie Sanders, I-Vt., and a tweet by an unverified Twitter account posting a doctored video of House Majority Leader Nancy Pelosi, D-Calif.

The leaked demo also shows an example of medical misinformation, including an example about the coronavirus by a verified Twitter account.

The impending policy rollout comes as the 2020 election season is ramping up, with Twitter playing a central role in some of the daily give-and-take between the candidates. On Thursday, former New York City Mayor Mike Bloomberg’s campaign posted an edited video that made it seem as if there had been a long pause when he asked during Wednesday’s Democratic debate if the other candidates had ever started a business.

Last month, Twitter announced a new policy to ban tweets that “deceptively share synthetic or manipulated media that are likely to cause harm,” such as deep fakes.


Company: cnbc, Activity: cnbc, Date: 2020-02-20  Authors: ben collins
Keywords: news, cnbc, companies, policy, fight, posted, ways, leader, example, leaked, including, points, house, communitybased, tweets, testing, twitter, misinformation, demo, system


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3 easy ways to save an extra $250 per month, according to shopping experts

Here are three easy ways you can free up $250 in your budget per month. The average consumer spends $237.33 each month on subscriptions, according to a July 2018 survey from Waterstone Group that looked at the monthly budgets of 2,500 consumers. A smart place to start: Generic or store brand products that experts say are a good value. Negotiate your billsThe average cost for pay TV, such as cable or satellite, is about $107 a month, according to Leichtman Research Group. Where to start if you wa


Here are three easy ways you can free up $250 in your budget per month.
The average consumer spends $237.33 each month on subscriptions, according to a July 2018 survey from Waterstone Group that looked at the monthly budgets of 2,500 consumers.
A smart place to start: Generic or store brand products that experts say are a good value.
Negotiate your billsThe average cost for pay TV, such as cable or satellite, is about $107 a month, according to Leichtman Research Group.
Where to start if you wa
3 easy ways to save an extra $250 per month, according to shopping experts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-18  Authors: ivana pino
Keywords: news, cnbc, companies, 250, average, gym, experts, extra, month, easy, according, start, subscriptions, money, shopping, save, generic, ways, monthly


3 easy ways to save an extra $250 per month, according to shopping experts

Scraping together extra savings to put towards retirement or a vacation fund can seem like a tall order, but netting more each month is possible with a little creative trimming. Here are three easy ways you can free up $250 in your budget per month.

1. Cancel subscriptions you don’t use

Review your monthly bank statement for recurring charges, like subscriptions you may have forgotten you signed up for or no longer want. While $5 a month for music streaming you rarely use may not seem like a lot, that’s an extra $60 per year. The same goes for other monthly charges, like unused, or underused, gym memberships. Depending on your location and membership, belonging to a gym can set you back anywhere from $10 per month at Planet Fitness, for example, to $300 per month at upscale clubs like Equinox. If you aren’t hitting the weight room regularly, it might be worth cutting ties with your gym and taking a run or following along with a workout video on YouTube instead. More from Grow:

9 highest-paying jobs you can get with a bachelor’s degree

3 ways to do your taxes for free—it can save you up to $250

A money expert reveals the best ‘way to get rich’ In all, 84% of people underestimate their spending on subscriptions—with roughly of them half off by $100 or more. The average consumer spends $237.33 each month on subscriptions, according to a July 2018 survey from Waterstone Group that looked at the monthly budgets of 2,500 consumers. Make sure you’re actually getting something you value for your money.

2. Go generic

We all have our preferences, whether it’s for a favorite cereal or two-ply toilet paper. But one simple way to save money regularly is to look to store brands and generics, which typically cost about half the price of name-brand items, according to a report from Policygenius. Start by making a list of items you purchase frequently and figure out where you’re willing to budge. A smart place to start: Generic or store brand products that experts say are a good value. “I have no shame about buying generic peanut butter or whatever it is, as long as the quality is the same as the name brand—and in many cases, it is,” says Trae Bodge, smart shopping expert at Truetrae.com. “You can save yourself 20% or 30% on a generic brand.” If your annual grocery budget is about $4,015 (the national average), you could save up to 30%, or about $100 each month, by switching to generics.

3. Negotiate your bills

The average cost for pay TV, such as cable or satellite, is about $107 a month, according to Leichtman Research Group. Review your monthly internet, phone and cable bills to check for any unexplained increases in your plan or expired introductory offers. Then call customer service to try to negotiate your bill. Emphasize that you’d like a better deal on your service. If that fails, ask to speak with their retention department, whose job it is to keep customers and will likely be willing to help. Do this for a few bills, and you could save over $50 each month. You can also try negotiating on memberships like your gym, Bodge says: “‘If I take fewer classes, can you reduce my rate? Can you validate my parking?’ Be sure to ask lots of questions about how you can trim your bill.”

Where to start if you want to save money


Company: cnbc, Activity: cnbc, Date: 2020-02-18  Authors: ivana pino
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Here are the best stocks to buy to get in on the space race

Space is increasingly becoming a place of business – ranging from communications, data and soon even tourism – and there are a few ways you can invest right now. Investor interest in the space industry has grown rapidly and private investment in space companies is at an all-time high. But the number of publicly-traded names remains relatively low compared to other industries its size. Additionally, several of the companies that bring in the most revenue from space are aerospace and defense giant


Space is increasingly becoming a place of business – ranging from communications, data and soon even tourism – and there are a few ways you can invest right now.
Investor interest in the space industry has grown rapidly and private investment in space companies is at an all-time high.
But the number of publicly-traded names remains relatively low compared to other industries its size.
Additionally, several of the companies that bring in the most revenue from space are aerospace and defense giant
Here are the best stocks to buy to get in on the space race Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-18  Authors: michael sheetz
Keywords: news, cnbc, companies, tourism, best, wall, view, companies, revenue, ways, total, stock, space, unitto, race, buy, stocks


Here are the best stocks to buy to get in on the space race

(This story is for CNBC PRO subscribers only.)

Space is increasingly becoming a place of business – ranging from communications, data and soon even tourism – and there are a few ways you can invest right now.

Investor interest in the space industry has grown rapidly and private investment in space companies is at an all-time high. But the number of publicly-traded names remains relatively low compared to other industries its size. Additionally, several of the companies that bring in the most revenue from space are aerospace and defense giants like Boeing or Northrop Grumman, with a minority of each companies’ total revenue coming from its space unit.

To help investors, here are three ways to get exposure to space, based on Wall Street’s consensus view: The top pure-play stock, the top derivative stock and the top risky stock.


Company: cnbc, Activity: cnbc, Date: 2020-02-18  Authors: michael sheetz
Keywords: news, cnbc, companies, tourism, best, wall, view, companies, revenue, ways, total, stock, space, unitto, race, buy, stocks


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3 ways to do your taxes for free — it can save you up to $250

If you haven’t done your taxes yet, there’s one important question to ask yourself before you file: Are you eligible for free tax prep? Free FileLow- and moderate-income taxpayers, those earning about $69,000 or less a year, can take advantage of Free File, a partnership between the IRS and the Free File Alliance, a nonprofit group of about a dozen tax-prep service providers. Tax Counseling for the Elderly (TCE) provides free tax assistance to people who are age 60 and older. In addition to thes


If you haven’t done your taxes yet, there’s one important question to ask yourself before you file: Are you eligible for free tax prep?
Free FileLow- and moderate-income taxpayers, those earning about $69,000 or less a year, can take advantage of Free File, a partnership between the IRS and the Free File Alliance, a nonprofit group of about a dozen tax-prep service providers.
Tax Counseling for the Elderly (TCE) provides free tax assistance to people who are age 60 and older.
In addition to thes
3 ways to do your taxes for free — it can save you up to $250 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-15  Authors: alizah salario, mike alfred, michelle gielan
Keywords: news, cnbc, companies, taxes, help, taxpayers, limited, programs, walker, ways, prep, free, file, return, save, tax, 250


3 ways to do your taxes for free — it can save you up to $250

If you haven’t done your taxes yet, there’s one important question to ask yourself before you file: Are you eligible for free tax prep? Millions of taxpayers are but don’t take advantage. It costs an average of $176 to have a professional prepare a federal Form 1040 and a state return if you’re taking the standard deduction, according to the National Society of Accountants. If you’re itemizing, the average is $246. The more complicated your return, the higher the price. Depending on your income and other elements of your tax situation, you may be eligible for free help. Here are three resources to consider.

1. Free File

Low- and moderate-income taxpayers, those earning about $69,000 or less a year, can take advantage of Free File, a partnership between the IRS and the Free File Alliance, a nonprofit group of about a dozen tax-prep service providers. Free File is designed so that about 7 in 10 taxpayers, or roughly 100 million people, qualify. But in 2017, only about 3 million people used it. “You can file in certain situations both your federal and your state [return], depending on if your state qualifies,” explains April Walker, the American Institute of CPAs’ lead manager for tax practice & ethics. “If you’re at or below that [$69,000] number, then definitely it’s a great option for you.” To get started, go to the IRS Free File site, where, after plugging in key information, you’ll be redirected to a software provider’s site to complete your return. “It’ll tell you which of the offers are available to you,” says Walker. Keep in mind, however, that eligibility is often limited to those with straightforward returns, meaning they have W-2 income, limited investment income, and are claiming the standard deduction.

Video by Stephen Parkhurst

2. Volunteer assistance programs

IRS-certified volunteers provide tax assistance through two programs that operate out of community centers, senior centers, local libraries, schools, and elsewhere: Volunteer Income Tax Assistance (VITA) offers free tax help to those who generally make $56,000 or less, or those taxpayers with disabilities or whose English language skills are limited. You can find a VITA location near you by using the program’s locator tool.

offers free tax help to those who generally make $56,000 or less, or those taxpayers with disabilities or whose English language skills are limited. You can find a VITA location near you by using the program’s locator tool. Tax Counseling for the Elderly (TCE) provides free tax assistance to people who are age 60 and older. In addition to these IRS-affiliated programs, other organizations may provide free tax help in your area. AARP’s Tax-Aide program, for example, offers free tax preparation help to anyone but caters specifically to those 50 and older. Note that volunteer programs generally require you make an appointment, and you’ll need to come prepared with your key tax forms. Try to make an appointment sooner rather than later, too. “If you wait until the last minute, you may not be able to get an appointment,” says Walker. “It can also cause you to scramble for the information. Early prep is the best course of action.”

If you wait until the last minute, you may not be able to get an appointment. It can also cause you to scramble for the information. Early prep is the best course of action. April Walker AICPA

3. Free versions of tax prep software


Company: cnbc, Activity: cnbc, Date: 2020-02-15  Authors: alizah salario, mike alfred, michelle gielan
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White House considering incentives to spur stock buying: Sources

White House considering incentives to spur stock buying: SourcesAs part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions. CNBC’s Kayla Tausche reports.


White House considering incentives to spur stock buying: SourcesAs part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions.
CNBC’s Kayla Tausche reports.
White House considering incentives to spur stock buying: Sources Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14
Keywords: news, cnbc, companies, buying, tausche, sourcesas, house, sources, considering, stock, ways, white, tax, spur, senior, incentives


White House considering incentives to spur stock buying: Sources

White House considering incentives to spur stock buying: Sources

As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions. CNBC’s Kayla Tausche reports.


Company: cnbc, Activity: cnbc, Date: 2020-02-14
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Nine ways you can cut your 2019 tax bill

Getty ImagesThe April 15 tax deadline is about two months away, yet that’s still plenty of time to knock a few dollars off your 2019 tax bill. The agency expects to receive more than 150 million individual income tax returns for the 2019 tax year. Here are nine tips to cut your tax bill. “You may qualify for a credit to offset some of the cost of child care.” You need to pay your care provider on the books to claim this tax break.


Getty ImagesThe April 15 tax deadline is about two months away, yet that’s still plenty of time to knock a few dollars off your 2019 tax bill.
The agency expects to receive more than 150 million individual income tax returns for the 2019 tax year.
Here are nine tips to cut your tax bill.
“You may qualify for a credit to offset some of the cost of child care.”
You need to pay your care provider on the books to claim this tax break.
Nine ways you can cut your 2019 tax bill Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: darla mercado, david robinson, founder ceo of rts private wealth management
Keywords: news, cnbc, companies, tax, save, 2019, bill, cut, expenses, million, deduct, money, pay, child, ways, claim, care


Nine ways you can cut your 2019 tax bill

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The April 15 tax deadline is about two months away, yet that’s still plenty of time to knock a few dollars off your 2019 tax bill. The IRS declared tax season open on Jan. 27. The agency expects to receive more than 150 million individual income tax returns for the 2019 tax year. Some 15.7 million early birds filed their returns during the week of Jan. 31, according to IRS data. Of these, 4.3 million got money back from Uncle Sam, receiving an average refund of $1,869. If you have time to scrounge around your box of receipts and review the relevant documents you received in the mail, you may have a shot at reducing what you owe. Here are nine tips to cut your tax bill.

1. Save for retirement

If you can put away money in an individual retirement account, you get the benefit of saving for your future and you may be able to write off the contribution. In 2019, you can put away up to $6,000 in a traditional IRA. Throw in an extra $1,000 if you’re 50 and over. Didn’t make these contributions last year? No worries. You have until April 15 to save the money and make it count for 2019.

2. Grow your health savings account

Build your nest egg for medical expenses and get a tax break as well. Health savings accounts work alongside high-deductible health plans. These HSAs allow you to save on a pretax or tax-deductible basis and have the money accumulate tax-free over time. You can withdraw the proceeds to pay for qualified medical expenses on a tax-free basis, too. For 2019, you’re able to contribute up to $3,500 to an HSA if you have single coverage or up to $7,000 for family plans. Accountholders 55 and over can save an extra $1,000. Just like your IRA contributions, you have until April 15 to save and collect a deduction for 2019.

3. Deduct your student loan interest

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Here’s something that might make your student loan payment a little less painful. You can deduct up to $2,500 or the amount of interest you paid during the year, whichever is the lesser. By now, your lender should have sent you those details on Form 1098-E. You don’t have to itemize deductions to claim this write-off.

4. Legally pay your caregiver

If you’re shelling out for day care or after-school care for a child under 13, you might be able to claim a credit of up to $1,050 for one child or $2,100 for two or more kids. “Keep records of those child-care costs,” said Andy Phillips, director of The Tax Institute at H&R Block. “You may qualify for a credit to offset some of the cost of child care.” You need to pay your care provider on the books to claim this tax break.

5. Write off business costs

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6. Write off your kid’s tuition and fees

Peter Cade | Getty Images

If your child is in college, you may deduct $4,000 a year in higher-education tuition costs and other expenses. You don’t have to itemize to claim this break.

7. Pay down mortgage insurance

Homeowners who put down less than 20% of the sales price often have to buy private mortgage insurance. If you itemize on your tax return, you can deduct the premiums you paid during the year.

8. Recover from the short sale of your home

fstop123 | Getty Images

Let’s say last year your bank foreclosed on your home or you were forced into a so-called short sale. If your lender canceled or forgave the mortgage on your principal residence, you may exclude up to $2 million (for married filers) of that discharged debt from your gross income.

9. Tally up medical expenses


Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: darla mercado, david robinson, founder ceo of rts private wealth management
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These are the best ways to avoid catching the coronavirus on airplanes, experts say

Getty ImagesPracticing good hand hygiene is the best way people can protect themselves from coronavirus during a flight, a medical expert specializing in air transport told CNBC. However, he said the risk remained if passengers were close to somebody on board who was unwell during the journey. That means anyone worried about exposure should avoid touching their own face and frequently wash and dry their hands — or use alcohol-based hand sanitizer if they aren’t able to access hand washing facili


Getty ImagesPracticing good hand hygiene is the best way people can protect themselves from coronavirus during a flight, a medical expert specializing in air transport told CNBC.
However, he said the risk remained if passengers were close to somebody on board who was unwell during the journey.
That means anyone worried about exposure should avoid touching their own face and frequently wash and dry their hands — or use alcohol-based hand sanitizer if they aren’t able to access hand washing facili
These are the best ways to avoid catching the coronavirus on airplanes, experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: chloe taylor
Keywords: news, cnbc, companies, powell, say, avoid, way, airplanes, best, washing, catching, spread, hand, ways, air, risk, told, experts, unwell, coronavirus


These are the best ways to avoid catching the coronavirus on airplanes, experts say

Getty Images

Practicing good hand hygiene is the best way people can protect themselves from coronavirus during a flight, a medical expert specializing in air transport told CNBC. David Powell, medical advisor at the International Air Transport Association (IATA), told CNBC the risk of catching any serious viral infection during a flight is “very low” as the air on planes is purified with surgical-grade filters. However, he said the risk remained if passengers were close to somebody on board who was unwell during the journey. “We know that this virus has spread in the vast majority of cases through close contact with someone who is unwell at the time,” he explained to CNBC’s “Capital Connection” on Wednesday. “So that risk is what remains, and there are simple things you can do to reduce that risk, but through the air supply the risk is low.” Powell said that amid the coronavirus crisis in China, the most crucial way to minimize exposure to the infection was to practice good hand hygiene. “Respiratory viruses transmit mostly through droplet spread — which is coughing or sneezing on somebody — or in some cases by fomite spread, which means you contaminate a surface which another person then immediately touches,” he explained. “So hand hygiene is the primary thing.” That means anyone worried about exposure should avoid touching their own face and frequently wash and dry their hands — or use alcohol-based hand sanitizer if they aren’t able to access hand washing facilities.

According to Powell, another way to stop the spread of any virus on board an airplane is to observe “cough etiquette.” “So (that means) coughing or sneezing into a tissue, and if you can’t do that then cough into your elbow and then immediately clean your hands,” he advised. “And then of course, not flying when you are yourself unwell.” While taking preventative measures to reduce potential exposure to coronavirus could be effective, Powell said travellers should take action if they noticed a fellow passenger appeared to be ill on a flight. “If somebody nearby you is unwell on the aircraft, you should bring that to the attention of the crew because there are established procedures they can take to separate that person and minimize risk to others,” he explained. He also urged anyone suffering with potential coronavirus symptoms to seriously rethink their travel plans. “It does appear from all the information I’ve seen that the commonest first symptom of this illness is fever, and quite a high fever, typically over 38 degrees (Celsius),” Powell told CNBC. “So if anybody’s got a high temperature they certainly shouldn’t travel, and that’s advice that we’ve given long before this outbreak.” He also noted that face masks were an “ineffective protection” against coronavirus, and would only be advised for those who were caring for someone who was unwell or coughing and sneezing themselves. Medical experts around the world have also suggested that hand washing is the most effective way people can protect themselves from coronavirus. “One of the most important ways of stopping respiratory outbreaks such as this is washing hands,” David Heymann, who led WHO’s infectious disease unit at the time of the SARS epidemic, said at a press briefing in London last week.


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: chloe taylor
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These are the biggest tech winners and losers from the coronavirus risk, DA Davidson says

(This story is for CNBC Pro subscribers only.) Technology companies with major supply chains through China could take a hit due to the coronavirus, D.A. Davidson’s Tom Forte said in a note to clients, but some stocks in the sector are well positioned to benefit from consumer patterns changed by the outbreak. The ongoing outbreak of the new coronavirus impacts consumer technology companies in many ways, both threatening key parts of the industry’s supply chain and rattling an economy that is a ke


(This story is for CNBC Pro subscribers only.)
Technology companies with major supply chains through China could take a hit due to the coronavirus, D.A.
Davidson’s Tom Forte said in a note to clients, but some stocks in the sector are well positioned to benefit from consumer patterns changed by the outbreak.
The ongoing outbreak of the new coronavirus impacts consumer technology companies in many ways, both threatening key parts of the industry’s supply chain and rattling an economy that is a ke
These are the biggest tech winners and losers from the coronavirus risk, DA Davidson says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: jesse pound
Keywords: news, cnbc, companies, davidson, virus, ways, key, supply, worldwide, tech, china, risk, losers, coronavirus, biggest, consumer, winners, companies, tom


These are the biggest tech winners and losers from the coronavirus risk, DA Davidson says

(This story is for CNBC Pro subscribers only.)

Technology companies with major supply chains through China could take a hit due to the coronavirus, D.A. Davidson’s Tom Forte said in a note to clients, but some stocks in the sector are well positioned to benefit from consumer patterns changed by the outbreak.

The ongoing outbreak of the new coronavirus impacts consumer technology companies in many ways, both threatening key parts of the industry’s supply chain and rattling an economy that is a key growth area. As of Tuesday morning, there are more than 43,000 confirmed cases of the virus worldwide and over 1,000 deaths, with most of the affected people being in China.


Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: jesse pound
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Contactless delivery, online grocery shopping and other ways home-bound Chinese are trying to get food and stay safe

A worker inspects an order at a JD.com delivery station in Yizhuang, Beijing, amid the coronavirus outbreak. Now, that’s climbed to more than 200 orders a day, Sun said Tuesday, according to a CNBC translation of his Mandarin-language remarks. Beijing city authorities have strongly encouraged companies to let employees work remotely until Monday as well. “It certainly lowers efficiency,” Ruichuang Chen, a JD.com courier, said, according to a CNBC translation of his Mandarin-language remarks. One


A worker inspects an order at a JD.com delivery station in Yizhuang, Beijing, amid the coronavirus outbreak.
Now, that’s climbed to more than 200 orders a day, Sun said Tuesday, according to a CNBC translation of his Mandarin-language remarks.
Beijing city authorities have strongly encouraged companies to let employees work remotely until Monday as well.
“It certainly lowers efficiency,” Ruichuang Chen, a JD.com courier, said, according to a CNBC translation of his Mandarin-language remarks.
One
Contactless delivery, online grocery shopping and other ways home-bound Chinese are trying to get food and stay safe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-07  Authors: evelyn cheng
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Contactless delivery, online grocery shopping and other ways home-bound Chinese are trying to get food and stay safe

A worker inspects an order at a JD.com delivery station in Yizhuang, Beijing, amid the coronavirus outbreak. Hilary Pan | CNBC

BEIJING — More people are stuck at home in China as they wait out the coronavirus outbreak, giving some delivery and e-commerce companies an opportunity, even as they try to manage the risks of the disease. Previously, on a typical day, a courier for JD.com in Beijing would deliver about 140 to 150 packages per apartment complex, said Lansong Sun, head of the company’s delivery station in Yizhuang, on the outskirts of Beijing. Now, that’s climbed to more than 200 orders a day, Sun said Tuesday, according to a CNBC translation of his Mandarin-language remarks. More than half of China is shut down as authorities try to limit the spread of a pneumonia-causing virus that emerged in late December. It has killed more than 500 people, primarily in the city of Wuhan, but has infected more than 20,000 people throughout the country. In an effort to prevent the virus from spreading, at least 24 provinces, municipalities and other regions have told businesses not to resume work before Monday. Beijing city authorities have strongly encouraged companies to let employees work remotely until Monday as well. Schools across the country are also generally shut until mid-February or later.

Pick up in grocery delivery

As people stay at home and avoid public areas, they’ve turned to ordering groceries online from companies that boast of one or two-hour delivery during normal operating times. As expected, orders for face masks and disinfectants have also surged. For example, JD’s affiliate Dada, which delivers for Walmart and local grocery chains, said sales more than quadrupled from a year ago during the 10 days of the Lunar New Year holiday that ended this past Sunday. In the same period, JD said its own sales of fresh products increased more than three times compared with last year. The company said it sold 15,000 tons of fresh products during the holiday period. Figures from rival Alibaba’s Hema grocery store and fresh produce delivery platform were not available.

Anecdotally in Beijing, while workers make their way back to the city, the customer demand is so high that orders can take hours longer than scheduled to arrive. And rather than stretching into the evening, available delivery slots are often cut short. Demand also remains relatively high in meal delivery. On Wednesday, a Beijing city official disclosed that about 20,000 delivery people were manning an average of more than 400,000 orders a day from takeout platforms Meituan and Elema, according to state media. The article added that delivery people are requested to wear face masks and conduct temperature tests.

Challenges from the virus

The virus has created some other logistical challenges for delivery, especially food. Meituan, Hema and Dada have announced an in-app feature for contactless delivery, allowing the courier to leave an order in a convenient spot for the customer to pick up, without having to interact. Kentucky Fried Chicken and Pizza Hut brands also launched a similar option for delivery. Parent company Yum China said in a statement to CNBC that the brands are testing out a feature in China for ordering online, and picking up in-store without contact. Meituan said it is trying something similar.

In many areas, couriers can no longer send packages straight to the door. Instead, they must call customers to pick up parcels from the front gate of the apartment complex, which can sometimes be a several minute walk away from the customer’s unit. “It certainly lowers efficiency,” Ruichuang Chen, a JD.com courier, said, according to a CNBC translation of his Mandarin-language remarks. One of JD’s selling points is same-day or next day delivery. While most people are at home and will fetch packages quickly, Chen noted that other customers may be asleep or not understand the policy and are unwilling to pick up deliveries. In order to make sure customers get their packages, Chen said he starts his day around 7 a.m. and keeps going until all the parcels are delivered. Overall, industry representatives and analysts said logistics companies were operating fairly normally outside of areas such as Hubei, the province that has been hit hardest by the virus. Many businesses have also participated in accelerating delivery of medical supplies and other necessities to Hubei and the city of Wuhan through special channels. But for most of the country it may take a few days or even weeks longer for orders to arrive, given the postponed re-opening of many businesses and quarantined cities. Earlier this week, some cities such as Hangzhou — where Alibaba’s headquarters is located — also stepped up inter-city highway closures and said households should only send one person out to buy goods every two days. Alibaba’s logistics affiliate Cainiao said it “will deploy workers according to the specifics of government policy on returning to work.” That’s according to a CNBC translation of the Chinese-language text.

Virus-related disruptions, especially for China’s manufacturing hubs, will hit the entire logistics industry, Charles Guowen Wang, director at think tank China Development Institute, said, according to a CNBC translation of his Mandarin-language remarks. Delays in returning to work will slow down the ability of manufacturers and related logistics services to get back up to normal operating speed, Wang said, adding that the efficiency of logistics relating to daily needs will also have a clear drop, likely affecting profits.

One-time boost?


Company: cnbc, Activity: cnbc, Date: 2020-02-07  Authors: evelyn cheng
Keywords: news, cnbc, companies, ways, homebound, stay, safe, work, according, beijing, food, day, orders, trying, online, shopping, grocery, delivery, logistics, city, china


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