Author: Retail Asia

Retail Asia19/07/2021
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7min0
A big gap has opened up not only between UBS and Credit Suisse’s share prices but also between expectations for their second-quarter earnings. Ahead of the publication of their second-quarter results there really is no comparison. Looking at the share prices of the two big Swiss banks, UBS, whose results are due out on Tuesday, […]

Retail Asia19/07/2021
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5min1
According to the International Data Corporation (IDC) Worldwide Semiannual Software Tracker 2H20 (July–December), the India software market is estimated to reach US$7.6 billion by the end of 2021. The India software market was pegged at US$7.0 billion in 2020, registering a growth of 13.4% year-over-year (YoY) compared with that in 2019. India accounted for 17.5% share of […]

Retail Asia19/07/2021
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3min0
ZTE Corporation announced that the BIERin6 (BIER in IPv6 Networks) multicast solution led by ZTE has been approved as Proposed Standard by the IETF(Internet Engineering Task Force). The approval indicates that the telecommunications industry has reached an agreement on the technical principles of BIERin6, which is a key step towards commercial applications. In the 5G […]

Retail Asia19/07/2021
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3min0
Tesla Inc said on Saturday it has introduced an option for some customers to subscribe to its advanced driver assistance software, dubbed “Full Self-Driving capability”, for $199 per month, instead of paying $10,000 upfront. Tesla has previously said its subscription service would generate recurring revenue and expand the customer base for pricy features including lane […]

Retail Asia16/07/2021
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3min0
Dutch navigation and digital mapping company TomTom on Thursday cut its 2021 outlook, amid a global shortage in semiconductor chips that has disrupted auto supply chains and could eat into its revenues from carmakers. TomTom now anticipates revenues of 500-530 million euros ($592-$627 million), compared to the 520-570 range it had previously guided, and cut […]

Retail Asia16/07/2021
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2min0
HSBC expects Vietnam’s economy to face challenges related to foreign exchange and interest rates in the second half of this year. Ngo Dang Khoa, head of global markets at HSBC Vietnam, said recent outbreaks of Covid-19 have sparked worries about production being interrupted for a long time, which would affect the country’s recovery. “With many […]

Retail Asia15/07/2021
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2min0
One of the many popular music streaming services in the United States, TIDAL has just announced a limited-time 3-month free trial promotion. The offer is only available to new users starting today and through the end of August. After the three-month trial, customers will be able to continue their subscription at $9.99 per month for Premium and $19.99 […]

Retail Asia15/07/2021
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4min0
Roxo is an autonomous specialty delivery device, designed to travel on sidewalks and along roadsides, safely delivering smaller shipments to customers’ homes and businesses. Its features include pedestrian-safe technology, multiple cameras and LiDAR allowing the zero-emission, battery-powered bot to be aware of its surroundings. These features are coupled with machine-learning algorithms to detect and avoid […]

Retail Asia15/07/2021
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2min0
Citigroup’s profits in the second quarter comfortably beat market estimates in part due to significantly reduced loan provisions driven by an outperforming global economic recovery. Citi posted $6.19 billion in net income for the second quarter, according to its latest results, marking a nearly six-fold increase compared to last year. Profits in the quarter exceeded […]

Retail Asia15/07/2021
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1min0
The National Bank of Australia is the latest to join the hunt for Citi’s retail assets after it announced plans for a major consumer downsizing earlier this year. NAB is in talks to potentially but Citi’s consumer business in Australia, according to an exchange filing. Discussions are ongoing and no deal has been concluded. Numerous […]

Retail Asia15/07/2021
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6min0
Instagram is taking a powerful new step to combat account hacking and malicious activity on their social media platform. If you yourself haven’t experienced your Instagram account getting compromised, you probably know at least a couple of friends who have. It’s a fairly widespread phenomenon, as unpleasant as it may sound, and it’s about time […]

Retail Asia15/07/2021
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1min0
The parent company of Uniqlo, Fast Retailing Group has signed a letting for the former Superdry store on Regent Street. The store is expected to sell a mixture of both Theory and Uniqlo clothing. The contemporary fashion brand Theory launched in New York in 1997 and at the end of February 2021, it holds 436 […]

Retail Asia15/07/2021
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2min0
Online wine marketplace Naked Wines has seen success in Australia during the last year, as more and more Aussies spending online drove the business’ local sales up 42 percent to $84.2 million. Alicia Kennedy, managing director of Naked Wines Australia, said the results grew on an already landmark result the year prior. “As we continue […]


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