China more advanced than lame ass America

[mrswdk]

Step into KFC's KPro restaurant in the eastern Chinese city of Hangzhou and you will find customers smiling for their supper.

The “smile to pay” system means a camera at the counter scans a customer’s face, verifies their identity from records on the Alipay app, and takes payment.

http://www.bbc.co.uk/news/resources/idt ... y_changing

[Thorthoth]

Yes swdkland is more creepy than America, case closed.

[TA1LGUNN3R]

Creepy? That's downright terrifying.

-TG

[DoomYoshi]

I wonder if it still works when you have catfur stuck in your teeth.

[tzor]

First of all payment systems in the US have been decades behind the times of everyone.
WiFi was invented in Europe for card readers because people didn't want to have their credit cards leave their sight as was (and still is) often the case in American restaurants.
Chips in credit cards was accepted in Malaysia in 2005 and not in the United States until 9 years later (2014).
Yes the United States is known for being backwards in banking technology. We freely admit it (at least those who know about the subject).

[saxitoxin]

Step into KFC's KPro restaurant in the eastern Chinese

Yes, great innovation by traditional Chinese company Kentucky Fried Chicken! America again humiliated by Chinese companies like California Pizza Kitchen, Boston Market, and Texas Roadhouse.

[betiko]

Step into KFC's KPro restaurant in the eastern Chinese city of Hangzhou and you will find customers smiling for their supper.

The “smile to pay” system means a camera at the counter scans a customer’s face, verifies their identity from records on the Alipay app, and takes payment.

http://www.bbc.co.uk/news/resources/idt ... y_changing

This system is flawed. No way it works in china.

[mrswdk]

Step into KFC's KPro restaurant in the eastern Chinese

Yes, great innovation by traditional Chinese company Kentucky Fried Chicken!

KFC restaurants in China are franchises, owned by Yum China (headquarters: Shanghai).

[Dukasaur]

Step into KFC's KPro restaurant in the eastern Chinese

Yes, great innovation by traditional Chinese company Kentucky Fried Chicken!

KFC restaurants in China are franchises, owned by Yum China (headquarters: Shanghai).

Yum China is a subsidiary of Yum Corporation (headquarters: Louisville) which in turn is a subsidiary of Pepsico (yes, the same pepsico that makes the carcinogenic soft drink)

[waauw]

First of all payment systems in the US have been decades behind the times of everyone.
WiFi was invented in Europe for card readers because people didn't want to have their credit cards leave their sight as was (and still is) often the case in American restaurants.
Chips in credit cards was accepted in Malaysia in 2005 and not in the United States until 9 years later (2014).
Yes the United States is known for being backwards in banking technology. We freely admit it (at least those who know about the subject).

I don't entirely agree. The banking world likes to make people think banks accross the world are the same, but the thruth is they are not. In europe for instance, capital is managed on a more local level with banks keeping more to their classic operations, whilst in the US capital is managed on an (inter)national scale making products more marketable. American banks are the most profitable, efficient and flexible in the world. Making american banks more resilient against capital shortages, whilst european banks focus more on mitigating the default risks of their customers. It's gotten to the point where the Basel agreements themselves are put in question.

Meanwhile China is still looking for a way to solve its financial sector. They desperately need more regulation as private debts have been increasing at dramatic rates, to the point where China might face a Japan-like scenario if things continue and their total debt/gdp(public and private) might reach 300+% by 2022. It is especially important they get a grip on their shadow banking practices. They've taken steps already, but some analysts fear too little too late. It's gotten to a stage where some economists consider chinese banking to be the China's Achilles' heal.

All in all I wouldn't say american banking is any more backwards than the rest of the world, simply different.

[mrswdk]

Step into KFC's KPro restaurant in the eastern Chinese

Yes, great innovation by traditional Chinese company Kentucky Fried Chicken!

KFC restaurants in China are franchises, owned by Yum China (headquarters: Shanghai).

Yum China is a subsidiary of Yum Corporation

Wrong. Yum China is a separate, independent company. Headquartered in Shanghai. See above.

inb4 Duk: "the CEO of Yum China is George Soros!"

[betiko]

First of all payment systems in the US have been decades behind the times of everyone.
WiFi was invented in Europe for card readers because people didn't want to have their credit cards leave their sight as was (and still is) often the case in American restaurants.
Chips in credit cards was accepted in Malaysia in 2005 and not in the United States until 9 years later (2014).
Yes the United States is known for being backwards in banking technology. We freely admit it (at least those who know about the subject).

I don't entirely agree. The banking world likes to make people think banks accross the world are the same, but the thruth is they are not. In europe for instance, capital is managed on a more local level with banks keeping more to their classic operations, whilst in the US capital is managed on an (inter)national scale making products more marketable. American banks are the most profitable, efficient and flexible in the world. Making american banks more resilient against capital shortages, whilst european banks focus more on mitigating the default risks of their customers. It's gotten to the point where the Basel agreements themselves are put in question.

Meanwhile China is still looking for a way to solve its financial sector. They desperately need more regulation as private debts have been increasing at dramatic rates, to the point where China might face a Japan-like scenario if things continue and their total debt/gdp(public and private) might reach 300+% by 2022. It is especially important they get a grip on their shadow banking practices. They've taken steps already, but some analysts fear too little too late. It's gotten to a stage where some economists consider chinese banking to be the China's Achilles' heal.

All in all I wouldn't say american banking is any more backwards than the rest of the world, simply different.

Chinamen should buy bitcoins and other blockchain currencies, problem solved.

By the way... the chip on the card is a french invention. I was wondering what kind of third world country I was in when i discovered that there were no pins on american credit/debit cards.
Well actually, looks like they all use mostly cash.

A very old Canadian man I know (his name has to stay private since it s not dukasaur) was once joking around with the crowd in their 20s, saying that a lot of them probably had always knew ATMs..
I was like.... yeah I'm 37 and I ve always seen ATMs. So went to check and it exists since the late 60s in europe... he said he started using them in the 90s or so. That s crazy shit.

I heard the swedes are the most demonetized ones in the world with like only 5% involving cash.

[Dukasaur]

I think the first ATM I saw in the US was around 1975. The first one I saw in Canada was in 1980. But yeah, they didn't get really popular until the late 80s or early 90s.

[saxitoxin]

Step into KFC's KPro restaurant in the eastern Chinese

Yes, great innovation by traditional Chinese company Kentucky Fried Chicken!

KFC restaurants in China are franchises, owned by Yum China (headquarters: Shanghai).

Yum China is a subsidiary of Yum Corporation

Wrong. Yum China is a separate, independent company. Headquartered in Shanghai. See above.

inb4 Duk: "the CEO of Yum China is George Soros!"

Yum China was founded by Yum Corporation - headquartered in the USA, with an American CEO, and traded on the NYSE. Yum China became independent in 2016 as a publicly traded company ... a majority of whose shares are owned by Yum Corporation. In fact, as of 2017, six of the seven directors of Yum China were those originally named by Yum Corporation. And Yum China's joint headquarters are Shanghai and Plano, Texas. American-owned Yum China is the third-largest employer in China. Only the People's Liberation Army and China Petrol employ more than Yum China.

Another star in the galaxy of America's cultural, borderless empire.

[mrswdk]

Hey, betipoo is (partially) correct.

Sweden and France joint first for higher proportion of transactions that take place without cash, followed by Canada then UK.

http://www.telegraph.co.uk/money/future ... s-uk-rank/

Cash and retard bricks and mortar banks are on the way out. Hurrayyyyyyyyy (^0^)

[saxitoxin]

Hey, betipoo is (partially) correct.

Sweden and France joint first for higher proportion of transactions that take place without cash, followed by Canada then UK.

http://www.telegraph.co.uk/money/future ... s-uk-rank/

Cash and retard bricks and mortar banks are on the way out. Hurrayyyyyyyyy (^0^)

Not hurray. I make some purchases where I don't want an electronic record made.

[mrswdk]

Yum China became independent in 2016 as a publicly traded company

Correct, Yum China is an independent company.

a majority of whose shares are owned by Yum Corporation

Incorrect. Most of its shares are owned by private equity firms. And its largest investor is Primavera, a Chinese private equity firm.

In fact, as of 2017, six of the seven directors of Yum China

Yum has 12 directors. ir.yumchina.com/phoenix.zhtml?c=254434&p=irol-govboard

I think we can stop responding to saxi and Duk's alternative facts now. Chinese-based, Chinese-owned Yum China is innovating and leading the way forward. Unfortunately the North American propaganda machine (saxi and Duk) have no America achievements to crow about - so they're now desperately riding on the coat tails of Chinese success. Yet more proof (as if more was needed) that China is numero uno!

[saxitoxin]

Yum China became independent in 2016 as a publicly traded company

Correct, Yum China is an independent company.

a majority of whose shares are owned by Yum Corporation

Incorrect. Most of its shares are owned by private equity firms. And its largest investor is Primavera, a Chinese private equity firm.

In fact, as of 2017, six of the seven directors of Yum China

Yum has [url=ir.yumchina.com/phoenix.zhtml?c=254434&p=irol-govboard]12 directors[/url].

I think we can stop responding to saxi and Duk's alternative facts now. Chinese-based, Chinese-owned Yum China is innovating and leading the way forward. Unfortunately the North American propaganda machine (saxi and Duk) have no America achievements to crow about - so they're now desperately riding on the coat tails of Chinese success. Yet more proof (as if more was needed) that China is numero uno!

OK, I didn't realize they'd added more directors! And I meant to say plurality, not majority. And that is correct. Primavera (founded by a US-educated, former Goldman Sachs employee) doesn't count because it manages the shares on behalf of its clients. Everything else I said is right ... Yum China has joint HQ in Shanghai and Plano, it is in the business of marketing U.S. culture (an offshoot of a Kenutckian chicken recipe, and TexMex food), and so forth. More proof that Colonel Sanders (USA) is better than General Tso (PRC) ... even in General Tso's home country, Colonel Sanders' chicken is supreme. FACE.

[mrswdk]

it is in the business of marketing U.S. culture

Fried chicken is not American. Plenty of Asian countries (including China) have their own styles of frying chicken that predate their contact with American-style fried chiken.

The only 'American' thing on the menu at KFC is the southern fried chicken - but that's not served at Chinese KFC restaurants. Here's a Chinese KFC menu item:



In summary, a Chinese company is doing some cool innovations in its Chinese restaurants (in collaboration with another Chinese company - Alibaba) and saxi is jealous.

[saxitoxin]

it is in the business of marketing U.S. culture

Fried chicken is not American. Plenty of Asian countries (including China) have their own styles of frying chicken that predate their contact with American-style fried chiken.

The only 'American' thing on the menu at KFC is the southern fried chicken - but that's not served at Chinese KFC restaurants. Here's a Chinese KFC menu item:



In summary, a Chinese company is doing some cool innovations in its Chinese restaurants (in collaboration with another Chinese company - Alibaba) and saxi is jealous.

All fried chicken is American if it's marketed as American. You think anyone remembers China invented pizza? The dumb Italians stamped that with brand Rome. When you walk into a KFC location in Beijing there's a man in the uniform of a Kentucky militia colonel staring down at you and a percentage of your yuan are heading back to Plano as a licensing fee.

[Dukasaur]

(saxi and Duk) have no America achievements to crow about

Don't be silly. I couldn't care less about American achievements. I just care about people speaking the truth.

Yum China is a spinoff subsidiary in which a majority of the shares and a majority of the directorships are held by Yum in the U.S. It's branding and media presence is completely dependent on initiatives organized by the parent company. That's a parent-child relationship. Its independence is on the same level as the autonomy of the Tatar Autonomous Soviet Socialist Republic.

If you want stay deluded and jump through logical hoops to pretend that a subsidiary is not a subsidiary, just because it's legally separate entity, even though it's still dependent on the original parent for all significant initiatives, be my guest. In your fantasy world British Petrol (Texas) is completely independent of British Petrol (Cayman Islands). That's okay, the lawyers need people like you to blow smoke up their ass.

[mrswdk]

All fried chicken is American if it's marketed as American.

So when a KFC in Beijing serves you teriyaki chicken with rice, that teriyaki chicken is American just because there's a picture of a white guy on the outside of the building? I suppose by that logic Flash Gordon was a Chinese film because it had Emperor Ming in it.

In any case I'm glad to see you've accepted that Yum China is completely outside the operational control of America and is, in fact, a separate Chinese company.

[mrswdk]

Yum China is a spinoff subsidiary in which a majority of the shares and a majority of the directorships are held by Yum in the U.S.

Yawn. Already addressed this above. It's majority owned by private equity companies, the largest shareholder of which is a Chinese private equity company. Google, bro.

[saxitoxin]

All fried chicken is American if it's marketed as American.

So when a KFC in Beijing serves you teriyaki chicken with rice, that teriyaki chicken is American just because there's a picture of a white guy on the outside of the building?

YUP. It's called branding, bro.

In any case I'm glad to see you've accepted that Yum China is completely outside the operational control of America and is, in fact, a separate Chinese company.

Yum China wasn't a gift from Yum Corporation out of its goodwill. A portion of the price of every piece of chicken that's sold in Guangzhou - teriyaki or otherwise - is heading straight back to Plano and then to the Yum treasury in Louisville, through Yum's enduring stake in Yum China, combined with the licensing fees it's charging Yum China for Colonel Sanders portrait.

[Dukasaur]

Louisville just never stops winning.