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Author: Retail Asia

Retail Asia07/01/2021
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Electronics

Google Appoints Cloud Business Leader for APAC

2min0
He succeeds Rick Harshman, who leaves the organization for a new opportunity after almost five years in the role. Google has appointed technology leader Karan Bajwa as vice president for Google Cloud in APAC, the company announced in a statement on Tuesday. Bajwa, who is currently based in India, where he leads Google Cloud’s operations in the […]
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Retail Asia07/01/2021
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Finance

Financial Platform GoBear Shuts Down

2min0
The startup said the global pandemic has created a challenging operating environment, and it is unable to raise additional funds from existing or new investors. Singapore-based financial comparison and data platform GoBear has announced that it will begin a formal process to shut down operations, after a prolonged period of weakened demand for some financial […]
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Retail Asia07/01/2021
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Food

Shrimp exports to rise 15 pct

1min0
Vietnam has advantageous conditions to increase shrimp exports by 15 percent year-on-year to top $4 billion in 2021, industry insiders say. Global demand has remained stable while other shrimp exporting countries have not recovered from pandemic impacts, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). China is the biggest shrimp producer in […]
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Retail Asia07/01/2021
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General

HSBC sees Vietnam growing slower than earlier forecast

2min0
HSBC has revised downward its Vietnam GDP growth forecast for 2021 from 8.1 percent to 7.8 percent, pointing to the slow recovery in tourism. Travel-related services such as accommodation and transportation remained in a deep slump, it said in a note. “There is nothing to be surprised when immigration restrictions are still in place, although […]
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Retail Asia07/01/2021
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General

Olive Young eyeing Southeast Asia through Shopee

4min0
CJ Olive Young, the country’s largest health and beauty product store, opened an online shop on Southeast Asia’s biggest e-commerce platform Shopee, Tuesday, as part of its global expansion plans. “From now on, Olive Young will actively seize opportunities in the global market to grow and lead the globalization of Korean cosmetics,” a CJ Olive […]
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Retail Asia07/01/2021
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General

Americans should be glad that Google Assistant’s “Do Nothing” mode is not available in the states

3min0
We’ve often pointed out how Google Assistant is the best of the virtual digital helpers. Unlike Siri, which often refers users to a webpage to get the answer to a question, Google Assistant will many times directly post the answer to a query. Ironically, you’ll see this in action often when asking a question about an Apple device. In […]
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Retail Asia07/01/2021
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General

Gold prices hit 4-month high

2min0
Vietnam’s gold prices hit a four-month high Wednesday aided by a weaker dollar, with investors expecting further stimuli in U.S. policies. The state-owned Saigon Jewelry Company was selling its popular SJC gold at VND57.2 million ($2,484.62) per tael, up 0.17 percent from Tuesday. A tael equals 37.5 grams or 1.2 ounces. The country’s largest jewelry […]
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Retail Asia07/01/2021
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General

Guide to Market your Products in China

7min0
As the largest market in the world, China has a lot of potentials to offer for enterprises and brands to expand their businesses. Knowing the market will help you to better understand the consumer’s needs and to adjust your promotion accordingly. Unique market habits China is a huge market, and Chinese consumers’ preferences vary from […]
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Retail Asia06/01/2021
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Fashion

China buoys Tiffany & Co holiday sales

2min0
U.S. jeweler Tiffany & Co said it reported record sales for the 2020 holiday period as consumers stuck at home shopped more online and shoppers in China spent more on jewelry. The company, which will soon be bought by France’s LVMH , said its overall preliminary net sales rose about 2% for the period Nov. […]
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Retail Asia06/01/2021
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Finance

Chinese Payment Apps Hit by Trump Ban

2min0
Ant Group’s Alipay, Tencent Holdings’ QQ Wallet and WeChat pay are among the apps banned by executive order. Tensions between Washington and Beijing are set to rise with the latest executive order from U.S. President Donald Trump, which bans transactions with eight Chinese software applications. The move is aimed at curbing the threat to Americans posed by Chinese […]
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Retail Asia06/01/2021
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Startups

YouTrip Inks Deal for Regional Expansion

2min0
The multi-currency mobile wallet has inked a six-year partnership with Visa to grow its reach across Southeast Asia, starting with Malaysia and the Philippines. The two sides are banking on an international travel recovery and hope to solve a pain point for Southeast Asian travelers by enabling access to cross border payment solutions such as wholesale exchange rates and […]
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Retail Asia06/01/2021
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Finance

KardiaChain CEO aims to popularize blockchain in Vietnam

5min0
The KardiaChain platform founded by Pham Minh Tri has attracted Vietnamese experts globally to join the local blockchain sector. After graduating with a master’s degree in science from the University of East Anglia, famous for practical research, in London in 2013, Tri is now focusing on location-based messaging, text-speech processing, computer vision, and augmented reality. […]
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Retail Asia06/01/2021
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Living

Solar power boom poses a distribution challenge

2min0
The increasing solar power capacity has made it difficult for national utility Vietnam Electricity (EVN) to ensure stable power distribution nationwide. The nature of solar power capacity, which accounts for 25 percent of the total, is to produce high volumes during the day and no production in the evening. This poses difficulties for EVN in […]
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Retail Asia05/01/2021
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E-Tailing

Jack Ma went missing?

8min0
Once the poster boy for a new generation of multi-billionaire Chinese business and tech leaders, Alibaba founder Jack Ma’s fortunes have taken a serious dip in the last three months. Since a controversial speech in China in October 2020, where he lamented the country’s financial regulatory system and called for it to be reformed, the billionaire has been […]
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