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30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )

Retail Asia01/08/2020

Demand for retail goods continues to grow exponentially in today’s omnichannel world. In addition to this, COVID-19, which has seen a huge increase in activity within the e-commerce space, has put retail businesses and supply chains under even more pressure to keep up with increasing demand and sharper consumer expectations. Alongside the current high pressure […]

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Retail Asia01/08/2020

Every business is bound to face some rock bottom numbers at some point — sales are not always going to be well above average and there are indeed going to be certain dry spells at times. In times like these, it is important to step back and take up new strategies to help make your […]

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Retail Asia20/07/2020

Jeff Meng, a 25-year-old watch lover from a well-heeled Guangdong family, had US$22,800 burning a hole in his pocket. He could not find the Rolex Daytona watch he wanted, dubbed “panda” for its black-and-white face, anywhere in China. Thanks to the coronavirus pandemic that’s halted travel and disrupted networks of parallel importers, Chinese high-end shoppers […]

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Retail Asia16/07/2020

Hit by the circuit breaker and widespread closures of businesses, Singapore has reported a 41.2-percent contraction in its economy for the second quarter of the year. Singapore has entered a technical recession, with its economy shrinking 12.6 percent year-on-year in the second quarter of 2020, following -0.3 percent growth in the first quarter, according to […]

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Retail Asia24/06/2020

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Research from Humanforce, a Sydney based global provider of workforce management solutions, has found that nearly one-third of Australia’s casual workers – including retail workers – have reported feeling lonely in the workplace, leading to lower employee engagement, and lasting customer experience consequences. More than 60% of casual workers surveyed said loneliness at work stemmed […]

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Retail Asia17/06/2020

Retail business leaders in Southeast Asia see digitalization as the driving tool in returning to growth in the post-Covid-19 era according to a study by Ernst & Young. The responses reflect a slew of physical store closures as online platforms are increasingly becoming the key sales avenue for retailers during the pandemic. Bit, while digitalization […]

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Retail Asia16/06/2020

The impact of COVID-19 on the Asian retail sector has been significant. The implementation of isolation measures led to many traditional retail businesses standing-down staff or closing. At the same time, other retailers experienced spikes in ecommerce orders and struggled to meet this unexpected demand. As restrictions on retail trading are being eased in many […]

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Retail Asia09/06/2020

Online shopping in Singapore has surged since the outbreak of the coronavirus pandemic. Research from data and analytics firm GlobalData suggests the effect on the country’s e-commerce market will be long-lasting, estimated to reach US$9.5 billion this year. Previously, e-commerce grew at a compound annual growth rate of 15.4 percent between 2015 and 2019 to […]

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Retail Asia28/05/2020

“Customers today care less about the breadth of assortment and more about availability.” Covid-19 has accelerated key underlying global retail trends that were already reshaping the industry according to a new report by KPMG. The research finds that retail markets globally are changing and the industry is continuing to evolve while facing massive challenges from […]

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Retail Asia15/05/2020

Australia has the world’s largest organic-certified area of land, so it comes as no surprise that 70 percent of Australians buy some form of organic food, contributing to the nation’s organic industry worth A$2.6 billion (US$1.67 billion). Half of Australians claim this motivation is based on personal health, being free from pesticides and OGM. The […]

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Retail Asia21/04/2020

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The pet economy has experienced a hike over all these years in Hong Kong. It is one such industry that has raised numerous opportunities for pet businesses owing to the increased number of pet adoption by its citizens. This city takes you to the lap of nature with lush greens and mountains and large outdoor […]

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Retail Asia17/04/2020

Sales of home-furnishing products in Singapore have more than doubled in the two months spanning February 1 to March 31. Data from fintech research firm Revolut suggests the 105 percent increase in sales has been brought on by Singaporeans setting up home offices in response to the coronavirus outbreak. Furniture retailers Courts saw growth of […]

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Retail Asia16/04/2020

Video chat and conferencing apps have surged in popularity amid the shutdown caused by the Covid-19 pandemic, but they are facing renewed safety and privacy concerns. Standard Chartered bank has instructed its employees not to use videoconferencing app Zoom over privacy and security concerns, according to «Reuters,» which viewed an internal memo sent by chief […]

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Retail Asia14/04/2020

Retailers and grocers have been some of the first businesses to be affected by the recent outbreak of COVID-19, as stores across the globe sell out of stock due to sudden surges in product demand. The virus, which continues to spread rapidly, is putting a huge strain on retailers as customers prepare for the worst, […]

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Retail Asia30/03/2020

Savills China Retail predicts a full recovery of the country’s retail sector post coronavirus will probably happen in the second half of the year. In a perspective on China retail’s recovery from the crisis, the real estate company describes the blossoming rejuvenation of shopping malls, restaurants, gyms and entertainment centers whose businesses were affected by […]

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Retail Asia26/03/2020

Chinese growth will drive e-commerce transaction values up 43 per cent to US$4.8 trillion by 2024, according to new reporting by Juniper Research. The research showed Chinese e-commerce undergoing 62 per cent value growth over the next four years, bolstering global e-commerce value along with emerging markets in Latin America, Africa and the Middle East, […]

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Retail Asia26/03/2020

Seventy percent of Thai consumers prefer to use apps to shop online, according to a study by Wirecard – but they expect a consistent offer across all of a brand’s sales channels. According to the report, “consistent cross-channel experiences are vital to consumers” because 90 percent of them go online to research products they are […]

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Retail Asia26/03/2020

Covid-19-induced changes in consumer behavior could prove a new tidal change in the direction of China’s influence, according to new research by market intelligence agency Mintel. The report suggests that mass self-quarantine, caused by the outbreak, will leave an indelible shift in how Chinese consumers – and through the country’s influence, Asia-Pacific – behave going […]

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Retail Asia17/03/2020

Tech startup OneDash has unveiled a chat-to-checkout service which eliminates the need to quit a chat session to complete a purchase. The OneDash app also enables interactive video so shoppers can connect with retailers in real-time and interact personally. Oleksandr Matviishyn, CTO of OneDash, says one of the motivations behind creating the chat-to-checkout app was […]

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Retail Asia16/03/2020

Chinese online fashion and lifestyle retailer Mogu says its live-streaming broadcast formats doubled in the last quarter, driving a 7.8 percent rise in group GMV last year to US$2.6 billion. The number of hours of live streaming rose from 3400 hours per day in September last year to 3800 in December. It now contributes 53 […]

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