Author: Retail Asia

Retail Asia27/01/2022
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1min0
Moody’s upgraded Tesla Inc’s debt rating by two notches to “Ba1” from “Ba3” on Monday, reflecting the ratings agency’s expectations that the Elon Musk-led company will maintain its position as the leading battery electric vehicle manufacturer. Moody’s affirmed in a note that Tesla’s outlook remains positive and the company will continue to increase its scale […]

Retail Asia27/01/2022
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3min0
UBS has agreed to acquire California-headquartered digital-only wealth platform Wealthfront, amidst broader plans to tap into the affluent segment worldwide. UBS has signed an agreement to acquire Wealthfront in an all-cash transaction valued at $1.4 billion, according to a statement. The deal will allow UBS to accelerate its growth plans in the U.S., increase reach into […]

Retail Asia27/01/2022
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1min0
Conglomerate FLC on Wednesday entered the jewelry industry with the new brand FJC, establishing its first store in Hanoi. Located at Bamboo Airways Tower in Cau Giay District, FJC’s first store sells 24-karat gold, jewelry, diamond and fengshui accessories. The jewelry business will help FLC complete its ecosystem, which already includes real estate, aviation and […]

Retail Asia27/01/2022
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3min0
Someone over at Apple is popping the champagne as an extremely successful holiday season for the iPhone 13 made Apple the top brand in the world’s largest smartphone market — China. We’ve known that the new iPhone models (minus the iPhone 13 mini) have been doing extremely well there, but now that the numbers have been crunched, we have […]

Retail Asia27/01/2022
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2min0
Low-cost carrier Cebu Pacific canceled 24 domestic and international flights on Wednesday, citing workforce shortage. “Cebu Pacific continues to manage the impact of Covid-19 (coronavirus disease 2019) on its workforce with employees who are either sick or under home quarantine,” it said in an advisory Tuesday night. The following flights have been canceled: 5J893/894 Manila […]

Retail Asia26/01/2022
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1min0
Vietnam’s gold price hit a new historic peak of VND62.7 million ($2,769.32) per tael Tuesday, surpassing the previous record in August 2020, even as global rates went flat. Saigon Jewelry Company (SJC) sold its gold at VND62.7 million per tael Tuesday, up 1.2 percent to a new record. A tael equals 37.5 grams or 1.2 […]

Retail Asia26/01/2022
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1min0
Japanese fashion brand Uniqlo plans to open its first store in the northern city of Hai Phong this summer. It will be a 2,000-square-meter outlet at Aeon Mall Le Chan. Uniqlo, which came to the Vietnamese market two years ago, now has 10 stores in Hanoi and HCMC. Globally, it has over 2,300 in 25 […]

Retail Asia26/01/2022
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5min0
Okay, so far, we’ve had a lot of information about the reported turnover at Apple’s mysterious project for self-driving vehicles. Many engineers have reportedly left the project to join other firms. Now, AppleInsider reports about yet another Apple Car engineer leaving the company, and this time, he will be joining Meta (former Facebook). The long-rumored project for a […]

Retail Asia26/01/2022
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3min0
Samsung has announced the S3B512C security chip, its new fingerprint security chip developed in partnership with Mastercard, designed primarily for payment cards. According to the company, the chip is the ‘industry’s first all-in-one security chip solution’ and would be able to provide faster and safer interactions while making purchases. Because Samsung’s chip uses biometric authentication, the chip […]

Retail Asia26/01/2022
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4min0
M1 Limited (M1) has announced an exclusive partnership with market-leading cloud gaming specialist Blacknut, to bring an all-you-can-play 5G-powered cloud gaming service to Singapore. Boasting the world’s largest catalog for cloud gaming, Blacknut has a unified gaming platform that is fully integrated within the M1 ecosystem, enabling users to have unlimited access to more than […]


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