Author: Retail Asia

Retail Asia24/12/2021
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2min0
Vietnam is set to commercially launch 5G mobile services next year as it seeks to increase the number of internet users by reducing the number of 2G smartphones to under 5 percent. The Ministry of Information and Communications reported at a meeting Wednesday that the service will be operated with made-in-Vietnam devices. The country aims […]

Retail Asia24/12/2021
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3min0
German food delivery group Delivery Hero said on Wednesday it would scale down its Foodpanda operations in Germany and sell the subsidiary’s Japan unit, citing increased competition and labor shortages. Delivery Hero said Foodpanda would exit Cologne, Duesseldorf, Frankfurt, Hamburg, Munich, and Stuttgart, though it had only introduced the brand in Cologne, Duesseldorf, and Stuttgart […]

Retail Asia24/12/2021
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2min0
A tweet sent by an organized group of Apple employees has announced a walkout for Christmas Eve. The tweet, sent under an account called Apple Together, reads, “Calling all Apple workers and patrons! Tomorrow, December 24th, 2021, Apple workers are staging a walkout/callout to demand better working conditions. The group’s members work in retail, corporate, and […]

Retail Asia23/12/2021
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2min0
TikTok was the most visited website this year, according to the 2021 Cloudflare domain ranking, part of its Cloudflare Radar service. After August 10, TikTok became the leading website for most of the days of 2021, especially in October and November. Here is the ranking of the 10 domains, which we have visited most in 2021: […]

Retail Asia23/12/2021
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3min0
Apple is testing out a new expansion in its iPhone 13 production near Chennai, India, in a trial contract with a Foxconn plant located in the area. Apple first contracted the Foxconn plant to produce the iPhone 12 5G, but recently a long-winded bout of food poisoning and ongoing protests brought about a full shutdown of the plant (ordered by Foxconn […]

Retail Asia23/12/2021
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2min0
Sportswear maker Nike is confident the resumption in production in Vietnam will boost the company’s future recovery. “Compared to ninety days ago, we are increasingly confident supply will normalize heading into fiscal 2023” as all factories in Vietnam were operational and production was at about 80 percent of what it was before the closures, finance […]

Retail Asia23/12/2021
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3min0
Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business. The deal is one of the group’s largest takeovers to date and follows a series of acquisitions including e-commerce firms, a freight forwarder specialising […]

Retail Asia23/12/2021
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4min0
Singtel and Ericsson have made a technology breakthrough in 5G standalone (SA) New Radio-Dual Connectivity (NR-DC), becoming the first in Southeast Asia to reach download speeds of 5.4Gbps by aggregating Singtel’s spectrum holdings across mid-band spectrum 3.5GHz and 28GHz mmWave. This milestone was achieved in a demo with Ericsson’s 5G radio access network products and […]

Retail Asia22/12/2021
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2min0
Indian on-demand grocery-delivery service, Zepto, has bagged US$100 million during its Series-C funding, taking its value to US$570 million within five months of its launch. Led by Y Combinator’s Continuity Fund, the round included investors Nexus, Breyer Capital, Global Founders Capital and Glade Brook, among others. The Series-C funding follows Zepto’s earlier funding round in […]

Retail Asia22/12/2021
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3min0
Boxed wine is one of Australia’s most extraordinary contributions to the wine industry, also known as cardboardeaux, bag-in-box (BiB), or more commonly. Australian winemaker Thomas Angove patented the design for a one-gallon polyethylene bladder in a cardboard box in 1965, inspired by the ancient method of storing wine in goat skins. The first model required […]

Retail Asia22/12/2021
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2min2
Cryptocurrency mining app Pi Network has disappeared from Google Play Store for Android devices, making investors concerned about the future of the project. “I cannot download the app. I am worried all my mining efforts up until now would be thrown away,” said Le Tu in the southern province of Dong Nai. The Pi Network […]

Retail Asia22/12/2021
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2min0
Skechers parent, The Comfort Technology Company, has transitioned the operations of the footwear brand in the Philippines from its third-party distributor, Trendworks International, to Skechers USA Philippines. The company said the move is to maximize the brand’s growth in the region. Trendworks International will continue to sell Skechers products through the end of this year. […]

Retail Asia22/12/2021
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2min0
Airasia Philippines has recorded its best performance yet since the Covid-19 pandemic hit in 2020, its officials said yesterday. Topping the list of AirAsia’s most preferred domestic flights within the peak Christmas travel period between December 20 to January 05 are Manila to Caticlan with 24 percent of total passenger booking, Manila to Tacloban with 15 percent, and Cebu to Manila with 14 percent. The recently […]


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