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16/05/2024 The TikTok ban could hurt small businesses that prosper thanks to mobile users ( General )
16/05/2024 WhatsApp could add a new sticker-related feature very soon ( General )
15/05/2024 Facebook and Instagram experiencing outages along the East and West Coasts of the U.S. ( General )
14/05/2024 Qantas to launch new route from Manila to Brisbane ( General )
13/05/2024 Meta expands paid verification service for businesses ( General )
10/05/2024 For complex iPhone AI tasks, Apple will use cloud-based servers running M-series chips ( Electronics )
10/05/2024 Samsung plans to add $1B to Vietnam investment annually ( Electronics )
08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
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 )

Retail Asia30/04/2020

The way that Disney is expanding and improving its streaming service across the world is a real tour de force. Disney+ accomplished what took Netflix 7 years in just five months. Two weeks ago, the streaming video service confirmed it has more than 50 million subscribers. Even the small things like launching a mobile app or […]

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Retail Asia30/04/2020

KFC has launched a three-day test of its plant-based chicken meals in China starting from today, April 28. Partnering with US food manufacturer Cargill, KFC China debuts its plant-based chicken nuggets, which are made from soy, wheat, and special pea, at selected stores in Shanghai, Guangzhou, and Shenzhen. “We are committed to embracing innovation and […]

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Retail Asia30/04/2020

South Korean retail conglomerate Lotte is expanding its e-commerce offering with one-hour delivery grocery services, as part of a plan to double online sales by 2023. The rush grocery delivery service is paired with upgrades to the firm’s product recommendations system in a move to attract higher volumes of online purchases in a market increasingly […]

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Retail Asia30/04/2020

Singapore Press Holdings has sold its wholly-owned convenience-store chain Buzz Shop to Thai-Pore Enterprise. “This divestment of a non-core business will sharpen SPH Group’s strategic focus on its main business segments of media, retail real estate, purpose-built student accommodation, and aged care,” the firm said in a statement. “SPH will continue with its disciplined approach […]

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Retail Asia30/04/2020

Ford Motor said on Tuesday its second-quarter loss would more than double to over $5 billion from $2 billion in the first quarter due to the impact of the coronavirus pandemic, but added it had enough money despite the crisis to last the rest of 2020. “We believe the company’s cash is sufficient to take […]

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Retail Asia30/04/2020

It will use the funding raised on technology upgrades, growing its team, and branding to fuel its multi-channel strategy. Indonesia insurtech Qoala has successfully closed a $13.5 million Series A funding round, the largest raised by an Insurtech from Indonesia, the startup announced on Tuesday in a statement. The round was led by Centauri Fund, a […]

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Retail Asia30/04/2020

Starbucks is to partner with the investment company Sequoia Capital to invest in new technologies that will accelerate the company’s digital innovation in Mainland China. The two companies plan to focus on next-generation food and retail technology companies whose products will help Starbucks grow the coffee and retail industry in China, one of its fastest-growing […]

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Retail Asia30/04/2020

Singapore supermarket operator Sheng Siong boosted net profit by 49 percent in the March quarter as sales surged due to the Covid-19 pandemic. Sales were up by 30.7 percent in the quarter, or by 19.7 percent on a same-store basis, initially due to stronger Lunar New Year sales. When Singapore’s government introduced a round of […]

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Retail Asia30/04/2020

Covid-19 has changed Asian customers’ habits, especially in Hong Kong, as more of them decide to eat at home. And according to a study conducted by Nielsen, the trend will continue once the pandemic passes, potentially reshaping the foodservice and grocery industries. Nielsen found that 86 percent of mainland Chinese customers prefer to eat at […]

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Retail Asia29/04/2020

Joining the likes of Mercedes-Benz, Honda, and Volkswagen, BMW India has announced its new online platform for the sale of new and used cars. The new BMW Contactless Experience takes the car buying process virtual and enables customers to explore and buy not just new vehicles but pre-owned cars as well. In addition, the Contactless […]

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Retail Asia29/04/2020

The smartphone market has been struggling for the past couple of months due to the COVID-19 pandemic and, although the situation is expected to improve in the second half of the year, a huge decline is still predicted. The latest report by DigiTimes Research claims smartphone shipments are now expected to decrease by a whopping 15% […]

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Retail Asia29/04/2020

Google announced that the long-awaited Google Pixel Buds are now available today from the Google Play Store. Unlike the first-generation version of the accessory, which was wireless but featured a cable connecting the left and right earbuds, the second-generation version has individual left and right earbuds. That makes the new Pixel Buds more in line with the Apple AirPods and the […]

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Retail Asia29/04/2020

More than HK$1.5 billion (US$193.5 million) in subsidies have been approved so far for eligible retailers under the Hong Kong government’s Retail Sector Subsidy Scheme. The scheme is the first round of the administration’s Anti-epidemic Fund, involving more than 19,000 applications. Roughly 93,000 applications were received within the three-week application period, and disbursement of subsidies […]

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Retail Asia29/04/2020

The bank will pay its final dividend of S$0.28 per share on June 5, after approval at the AGM. OCBC Bank will hold its annual general meeting on May 18 at 2 p.m. as a webcast or audio-only live stream, the bank said in a letter to shareholders. Shareholders attending the virtual AGM will not be able […]

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Retail Asia29/04/2020

Social media platform Instagram has launched new food-ordering tools to assist small-to-medium businesses facing difficulties during the coronavirus pandemic. Foodservice operators can now share food order stickers in Instagram Stories and as a button on their profiles. Consumers clicking on the Stories sticker or profile button will be taken to the business’ food-delivery platform to […]

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Retail Asia29/04/2020

Qualcomm has just announced a new version of its quick charging technology for smartphones. It’s called Qualcomm Quick Charge 3+ because it’s better than Quick Charge 3 technology but less advanced than Quick Charge 4+. While there haven’t any breakthroughs in the smartphone battery field, quick charging seems to thrive. As one would expect from […]

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Retail Asia29/04/2020

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Japanese department-store chain Isetan Mitsukoshi is likely to report its first loss over a single financial quarter in eight years, according to Asia Nikkei. Losses of ¥5–10 billion (US$46.6–93.2 million) are expected to reflect the impact of the coronavirus pandemic that has seen most Japanese consumers remaining at home during mall operating hours. The loss […]

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Retail Asia29/04/2020

Crippled apparel group Esprit is to close all its stores in Asia, except those in Mainland China, by the end of June. The decision follows an appalling slump in sales during the last nine months, which worsened during the March quarter when the Covid-19 crisis hit, forcing retail stores to close or reduce trading across […]

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Retail Asia29/04/2020

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Standard Chartered could face up to $600 million in bad loans after major borrowers faced a series of reported predicaments. Exposure to UAE healthcare chain NMC Health – currently restructuring $6.6 billion of debt – has further hit Standard Chartered’s balance sheet, according to public filings. The bank also faces defaults from state-owned Land and […]

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Retail Asia29/04/2020

Vietnam Airlines will operate two commercial flights from Hanoi to the U.S. in May, exclusively for U.S. nationals. One would leave at 9:45 a.m. on May 2 and arrive in San Francisco at 10:00 a.m. local time, and the other will depart from Hanoi at 6:20 a.m. on May 10 and land in Washington, D.C., at […]

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