Peloton targeted for takeover by tech giant, sportswear brand – reports

The firm is yet to decide whether it would be willing to accept any offers

Tech giant Amazon and sportswear brand Nike are considering making separate bids for the struggling American home workout brand, Peloton, according to reports in the Financial Times and Wall Street Journal on Friday. The brand has seen sales dwindle and its share price collapse in the past 12 months. 

The New York-based firm, whose sales of exercise bikes and treadmills soared during Covid lockdowns, is unsure whether it would accept any offers.

Amazon decline to confirm if a bid for Peloton was being considered. “We don’t comment on rumours and speculation,” a spokesperson told the BBC on Monday. Neither Pelton or Nike have commented on the speculation.

Peloton’s fortunes have changed for the worst over the last 12 months after a promising 2020 when people were confined to their homes for months on end and gyms were closed due to the pandemic.

With appetite for its bikes and treadmills dwindling, Peloton’s market value collapsed from nearly $50 billion 12 months ago to less than $8 billion last week. 

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In August the firm reported that its losses had widened as revenue growth slowed. It also announced that it would be cutting the price of its flagship bike by 20% to $1,495 (£1,105).

That same month, the US Department of Justice and the Department of Homeland Security announced an investigation into the firm, after a child was pulled under one of its treadmills and was killed.

Pelton warned in November that it expected revenue growth to slow further into 2022. “The primary drivers of our reduced forecast are a more pronounced tapering of demand related to the ongoing opening of the economy, and a richer than anticipated mix of sales to our original bike,” it said in a recent letter to shareholders.

The brand endured a turbulent winter as Mr. Big, a character from HBOs ‘Sex and the City’ and its sequel series ‘And Just Like That,’ was killed off after a Peloton workout, sending shares plunging. Peloton responded with an advert, featuring Mr. Big actor, Chris Noth, in which it emerged that he had not died, but run off with a mistress.

The advert was later pulled following two claims of historic sexual assault made against Noth.

Peloton’s share price jumped in after-hours trading on Friday following reports that bids may be incoming.

Ruble strengthens as Macron visit signals easing of Ukraine tensions

The French president’s trip to Moscow and rising oil prices have given a boost to the Russian currency

The Russian ruble strengthened 0.3% on Monday, climbing to 75.60 against the US dollar and by 0.6% to 86.43 against the euro, hitting its strongest level against the greenback since January 13.

The currency is recovering after sinking to a nearly 15-month low of 80.41 per US dollar last month amid US accusations that Russia was planning to invade neighboring Ukraine and face harsh sanctions as a consequence.

This shot in the arm came ahead of a meeting between the Russian and French presidents in Moscow. Ahead of his trip to the capital, Emmanuel Macron expressed optimism that he could secure a “de-escalation” of tensions surrounding Ukraine, arguing that Russia is not interested in invading its neighbor – something Moscow has been saying all along. Ahead of talks with President Putin, Macron spoke to US President Joe Biden on Sunday in a coordination move.


READ MORE: This is the world’s most undervalued currency

Another factor contributing to the strengthening of the ruble is the high price of oil, Russia’s main export. Brent crude – a major benchmark for the price of Russian crude – has climbed around 20% since the start of this year. On Monday it traded near $94 per barrel, its highest level since October 2014. The rise comes as global consumption remains strong, but oil stockpiles have plummeted since last year as many major producers struggle to pump more.

The Central Bank of Russia is also expected to raise its key interest rate from 8.5% on Friday as it works to control inflation. Higher rates make investment into ruble-denominated assets more attractive, strengthening the Russian currency.

For more stories on economy & finance visit RT’s business section

How to Stay Motivated to Keep Learning Chinese? – Keep Calm and Learn Chinese

Let’s be honest – learning Chinese is not easy. And what could be the most difficult thing for a learner after spending several years studying Chinese? Could it be expressing oneself, having small talk, maybe even reading and writing? For many learners, the answer would be “not knowing how to keep going and stay motivated to learn Chinese”. Many of those who started learning Chinese (or any other language) essentially dropped it after a few months or a couple years. Why? Because it is very difficult to continue once your “hunger” for language, which is so common at the very beginning, disappears. It also does not help that as we go deeper into the learning process, we stop seeing visible results, hitting a so-called language-learning plateau. At this stage, we are still improving our language skills, but the time needed to reach a higher level of proficiency increases a lot and as result, motivation drops.

I have my own experiences with this, and my friends have had similar struggles. But how do you keep going? How can you avoid feeling depressed when it seems like you can never master Chinese?

Find the Why

I truly believe that no advice or strategy will help you stay
motivated to learn Chinese in the long run if you don’t have “the
why” to keep going. Find your reason to continue. Think about why you even
started to learn Chinese. Was it a dream to visit China? Was it career opportunities
you thought Chinese would open for you? Was it the calligraphy and art that
fascinated you? Now pause and think, do they still resonate with you? If yes,
congrats, you are lucky! Grab that feeling and remember it. This “why”
will keep you going further.

So first and foremost, find your “why”s.

And now that you have your “why”, let’s talk about “how”.

Incorporate Chinese into Your Daily Life with Minimal Effort

The most common piece of advice and really the most practical one is to create a routine or habit of practicing Chinese and allocating some time for it every week (ideally every other day). While it is definitely the best way to keep going, consistent practice is easier said than done. We all have lives going on, families and friends to meet, work and studies to finish, movies to watch, and so on. So how can you make learning Chinese easy and unobtrusive?

#1 Social Media Channels

Make the Chinese language part of your daily life. Start with simple things, like following more Chinese speaking accounts on Twitter, Instagram, Tik-Tok, or any other social media that you use every day. Ideally, it would work so that when you browse through feeds, Chinese will become the most common language. (For hardcore advancer learners – change your phone’s language setting and every other device into Chinese!)

Practical tips – A Few Instagram accounts to follow

Here are a few examples of accounts that might help you learn the language. These accounts post easy cards with words and phrases, and the more you see Chinese in your daily life, the more you remember later.

  • @666coolpanda
  • @learnchinese_shawn
  • @breezychinese

And why not follow your favorite singer or actress? Make procrastination in Instagram useful.

#2 Chinese Language Podcasts and podcasts about China

Another way to make Chinese part of your everyday life is to listen to podcasts. There are podcasts that are focused on language, such as Mandarin Bean, Chinese 101, and ChinesePod. Not only can they help you develop listening comprehension but also pronunciation, vocabulary, and grammar. 

Language podcasts are useful, but you can also listen to podcasts about China and learn more about the country and culture. There are so many different podcasts in Chinese or about China out there that you can always find one that covers topics of your interest, be it Chinese food, fashion, society, trends, or economics.

Related source: TOP 7 Mandarin Chinese Learning Podcasts: Review and Comparison

#3 Dramas, TV shows and YouTube Videos

Learning Chinese does not need to be serious and boring. Keep developing
your skills passively, by watching videos in Chinese. Instead of an episode
from Netflix, opt for a Chinese TV show or drama.

Depending on your level, you may prefer to keep English subtitles or just go with Chinese ones. While it is challenging in the beginning, it gets easier with time, and your passive vocabulary develops a lot. You pick up new words and phrases, and most importantly, intonations, something that is very difficult to develop while living outside of China.

While you can find a lot of Chinese TV shows and dramas on YouTube, you can check the following platforms, such as 爱奇艺、优酷、and 腾讯. Though they might require paid subscriptions. And by the way, Netflix is now offering Chinese movies and TV shows too.

Practical tips

1) Record and check

When you see a new word or phrase, write it down and find it in dictionary. I use Pleco, for example. It is a mobile app, easy to use, and it allows you to draw unknown characters.   Plus, you can save new words under bookmarks and revise them later.

2) Review

  • Handwriting

So after watching an episode and bookmarking new words, review them.
Ideally hand write them a couple of times.

  • Make sentences

Create a few sentences with each of the words.

  • Review

And then after few days, check the same words again.

Sounds a bit tedious? It is. But you will be surprised how fast it becomes easier. With new episodes, you will get fewer and fewer new words. As your Pleco bookmarks grow, it is generally good to browse through bookmarks to review vocabulary.

Related source: Learning Through the Screen: How Chinese TV can Become Your Chinese Teacher

Keep Practicing Chinese in an Easy, Constant, and Structured
Way

Having Chinese in your daily life without active studying helps with maintaining language level, but not necessary in advancing it. You will need to put in effort to break through the learning plateau.

#1 Get Social, Get Friends

People tend to be more enthusiastic about studying languages when they can actually use them. After all, we learn languages to be able to communicate and build connections. So, to keep going forward in your learning journey, consider finding a person or group of people with whom you can speak Chinese.

It is great if you have Chinese friends already and use Chinese in your conversations. But can you make your meetings regular? And what about if you don’t have such an option?  Luckily, we live in times where you can find language partners and practice Chinese by chatting with native speakers. Check some Facebook groups, your city might have a language exchange club that organizes meetings, and you might meet your next best friend there. Alternatively, you can use services such as iTalki, Tandem, or Hello Talk. You can search for people who have similar interests and then choose different communication methods, including video calls, text messaging, or voice messaging. And everything that was mentioned above, like listening to podcasts about China and watching dramas, will give you more topics to discuss with your language partner.

#2 Read in Chinese Regularly

Ideally, reading in Chinese should become a habit. And as with movies, the more you read, the easier it becomes. Depending on your level of Chinese proficiency, you can choose different resources. Go for news and articles if you are an intermediate or advanced learner. News websites like BBC or NYT have news in Chinese. Alternatively, check Chinese media outlets like Xinhua. Reading news about China will also deepen your understanding of the country.

If you consider reading articles in Chinese too time-consuming for your level, and you just cannot make it a habit due to its difficulty, go for graded reading. There are websites like MandarinBean and DuChinese that offer different kinds of texts for just about every level of learner, from beginner to advanced. Reading a graded text is so much easier than a newspaper article since you don’t need to check every unknown word in a dictionary because the word translations pop up, making the reading experience rather seamless.

Graded reading makes reading in Chinese feel like actual reading rather than constant dictionary word searching or guessing the meaning of every word. Which makes it a great option for continuous practice.

Practical tips:

1) Determine your level

While graded texts are much easier than original ones, you should still consider your language proficiency and find graded texts with the level that suits you and does not kill interest. Let’s take MandarinBean as an example, as I more familiar with it as a user. My level right now is somewhat advanced, so I check texts with level of HSK 5 or 6. Since there are always new words in each article, I mainly prefer level 5 for my regular learning content (and HSK 4 level on a lazy day), which makes the reading not too slow and not too difficult. If you are not sure about what your level is, you can check it directly from MandarinBean, as it has HSK test practice to help you determine it. Or you can just try texts of different levels and feel out which fits your needs best.

2) Listen

Before reading, I often listen to the new lesson’s text’s audio first. I would listen to it a couple of times until I get the general idea. One small tip, if you feel  that audio is too slow, play it on1,5 speed!

3) Read

Now, reading is a crucial step and the one that feels (and
is) the actual studying. At this stage I already have an idea about the text
after listing to it. So here I will open the text in Chinese without using
pinyin or translation functions and skim through it while listing once again. I
won’t check any words and just mark in my head places or passages that I don’t
understand.

Then come the tedious tasks made easier with grading help. I will
read the text sentence by sentence or paragraph by paragraph with the help of
the pop-up translation as well as Pinyin. And at the very end I will also check
the translation, just to be sure if I understood the text fully and correctly.

4) Review

I used to always write new words in a notebook, and then I would
hardly ever look at those words again. The notebook would always be somewhere
else. Now, I use Pleco as my e-notebook. Whenever there is an unfamiliar word,
I keep notes of it in my Pleco bookmarks. Your phone is most likely always
around so that you can go through these words whenever you have a moment.
Mandarin Bean also has Quizlet vocabulary lists, which are quite helpful for
review too. Creating your own Quizlet lists also works.

If the process looks heavy to you or too long, don’t be scared! You
will be surprised to find how convenient and easy it is. MandarinBean’ texts
are short, topics are very common and relevant and best of all, you can always
select level that fits you best.

#3 Take an Online Course or Find a Tutor

Many people struggle to continue learning Chinese because they lack
not (only) motivation but (also) discipline. They learn the language without a
structure or timeline. Registering for a course or finding a Chinese tutor are
options worth going for in case you cannot manage to practice Chinese on your
own regularly. A course or tutor becomes the external force to push you
forward.

The internet is full of courses and tutors, and I won’t go into details on how to choose one or what you should take into consideration here. DigMandarin is one such website, and I encourage you to check out their selection of courses

Related source:

Apart from bringing structure into the learning process, taking a course or learning with a tutor adds another important thing – you can follow your own progress clearly. Finishing a course, passing a test, or getting praised by a tutor gives you an estimation of your performance, which is very important as a visible form of progress. Improvement of language skills on its own can boost your motivation. 

#4 Set a Goal and Prize

While motivation might be vague like interest in language, a goal is something concrete. And it is best to have one. Having a goal will keep you afloat and be your guiding light in times of despair.

Practical tips

Setting a goal might sound easy, but in fact, it is only part of the deal. You need to have a plan for how to achieve the goal. And you need to define smaller goals that bring you closer reaching the main goal.

Dividing your main goal into smaller ones

Let’s look at an example. Imagine your goal is to pass HSK 6 in 2
years. Consider what is your current level, and what are the areas you should
focus on. You have an HSK 6 study book with 20 chapters. Then roughly you need
to study one chapter per month. That is your monthly sub-goal #1. Next, how
many words does each chapter have? So then how many new words per week do you
need to memorize – that is your weekly sub goal #2. 50 words per week, so per
day…I guess you got it.

Every completed sub-goal is a little victory that paves the road to
your main destination. And don’t forget to celebrate small victories! Even 5
words per week is already 250 new words in a year. It is not much, but still
more than zero.

Related
source: HSK Test Guide


So how can you stay motivated and keep learning Chinese? I don’t have a final definite answer. I just
tried to summarize above what helped me to keep going and continue studying
Chinese for more than 10 years.

I was stuck on a learning plateau for a couple of years, not able to
“unlock” ways to continue learning Chinese. I felt like no matter
what I did or how much effort I put into learning. I would never be able to
become fluent in Chinese.  Language lost
its magic for me. 

My “why” to keep going came to me as my
interest in China, its society and culture, developed and grew. And instead of
stressing out about how to master the language, I became curious about it.
Curiosity, interest in language, culture and country became my motivators.

While I managed to incorporate Chinese into my daily life relatively
easy, by following some accounts on Instagram and watching Chinese TV programs
now and then, I could not develop discipline for consistent practice. I tried
and failed multiple times, and finally realized that learning with a tutor was
the best option for me. 

How is my Chinese now, after 10 years of learning? Definitely not at
the level I wished to be at.  Will I ever
be fluent in Chinese and pass the higher HSK levels? My answer is “never”.
But I no longer stress about it. I simply enjoy the learning process,
appreciate the beauty of the language, and explore the culture that the Chinese
language opened up to me. For me, learning the language has become not a sprint, but a
marathon (or maybe even a life lasting journey).

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