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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 )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )

Retail Asia27/08/2016

Trends eventually stop being trendy and either disappear into obscurity or become part of everyday life. The trends which end up only being fads often come in with a bang and leave with a thud, leaving embarrassing photos and fashions in their wake. Remember those 80s hairstyles? The other trends — the ones that create […]

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Retail Asia26/08/2016

Though its population of 7.5 million is equal to that of a mid-size mainland Chinese city like Hangzhou, Hong Kong makes up for lack of people with strength in its financial markets. And news today that the Hong Kong Monetary Authority has issued stored value facilities licences is big news. HKMA has granted stored value […]

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Retail Asia26/08/2016

Consumer internet firm AskMe may shut down operations from August 31, suggest minutes of a meeting held in July. It has terminated the services of its delivery boys and asked employees to work from home. The meeting between the authorised representatives of majority shareholder AENL and minority shareholders was held on July 18, the minutes […]

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Retail Asia26/08/2016

UCWeb, the mobile browsing arm of e-commerce giant Alibaba Group which is behind the UC Browser, is claiming more than 50 per cent shares of both the Indian and Indonesian mobile browser and search engine markets, six years after entering the countries for the first time. The company also revealed it has reached the milestone […]

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Retail Asia25/08/2016

Uber Japan is about to launch UberEats, with advertisements for bicycle and motorcycle delivery positions appearing on its Japan Facebook page last week, as well as a related video. An UberEats Japan website is already up, but only with a link for Tokyo restaurants to register. Launched in March, UberEats is available in 28 cities […]

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Retail Asia25/08/2016

Adyen, the global payments technology company, today announced that Grab, Southeast Asia’s leading ride-hailing platform, has selected Adyen to extend the capabilities of its GrabPay platform in Indonesia, Philippines, Thailand and Vietnam. Grab will partner with Adyen to deliver a consistent, frictionless payment experience for customers traveling across markets regardless of their device or payment […]

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Retail Asia25/08/2016

A new fashion app, New Arrival, aims to introduce Chinese travellers abroad to lesser-known boutiques abroad. The New Arrival app serves as a platform and guide for brick-and-mortar stores Chinese shoppers might otherwise miss in their travels. Founded by Howell Hu, the app has two sections. One part focusses on “new arrivals” from on-ground stores, […]

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Retail Asia23/08/2016

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South Korean fashion brands are featuring in an online pop-up store on regional sites of online fashion portal Zalora. It’s all part of a concerted bid to expand recognition of Korean fashion bards across the broader Asia-Pacific region. Launched in Singapore, the Premium Korean Fashion pop-up shop is open until October in Zalora sites in […]

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Retail Asia23/08/2016

Chinese internet giant Alibaba has been discussing the acquisition of Indian online marketplace ShopClues, which is valued at more than US$1 billion. Alibaba wants to merge the marketplace of Paytm, in which it has a stake, with larger rival ShopClues, reports The Times of India. The newspaper says Alibaba has several acquisition targets as it aims […]

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Retail Asia23/08/2016

Seven years after its establishment, start-up company Tokopedia continues to strengthen its foothold in Indonesia’s e-commerce market. Tokopedia CEO William Tanuwijaya said that there are currently one million registered sellers in Tokopedia. “Over 16.5 million items are delivered monthly to buyers in Tokopedia,” William told Tempo, Wednesday, August 17, 2016. “The items are sent [to various […]

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Retail Asia22/08/2016

In 2014 Singapore was one of the first countries in the world to build a 27/7, real-time interbank fund transfer system, called Fast. However, cash in circulation is 8.8% of GDP, compared to 4.4% in Australia and 2.12% in Sweden. Nearly 13 cheques per person were written in the country in 2014, compared to seven […]

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Retail Asia22/08/2016

Tesla Motors has begun taking online reservations in Korea for its electric cars, Model S, Model X, and Model 3, the company said Friday. With a deposit of 2 million won ($1,800) for the Model S, 5 million won for Model X and 1 million won for model 3, customers can make a reservation, it […]

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Retail Asia22/08/2016

Foodpanda, the food delivery startup backed by Rocket Internet, is selling its operations in Indonesia and evaluating its presence in the rest of Southeast Asia as part of a push towards profitability. Multiple sources close to the company told that its business in Indonesia, the world’s fourth-most populous country, is available to potential acquirers for less than $1 […]

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Retail Asia22/08/2016

Asian fans of smartphone game Pokemon Go are hunting out the best telecom providers and network gear to overcome the hurdle posed by patchy network signals in their race to capture virtual cartoon characters. From Indonesia to Hong Kong and Cambodia, the wild popularity of Nintendo’s augmented reality app is also driving lifestyle changes for […]

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Retail Asia22/08/2016

Ahmad Zaky, CEO of Indonesian e-commerce company Bukalapak.com, said that the growth of Indonesian internet business has the ability to compete with Japan and ASEAN countries. One of the strong supporting factors of Indonesia’s internet business is demography. “Our population mostly consists of young internet users,” Zaky said at the Investor Summit Grand City Expo […]

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Retail Asia20/08/2016

A Worldpay global survey of 20,000 consumers has discovered that buying power in the internet age is concentrated within a group of high-spending, high-frequency “super-shoppers”. While these shoppers make up just 5 per cent of the population in China, they account for 92 per cent of all money spent buying physical goods online in China […]

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Retail Asia18/08/2016

Beauty retailer The Luxasia Group has appointed former SingPost CEO Dr Wolfgang Baier as group CEO, while founder/owner Patrick Chong has become chairman. “Luxasia is now at an important crossroads,” says Chong. “We intend to grow with our international partners and strengthen our core competencies to become the leading Asia consumer-centric omnichannel go-to-market partner of […]

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Retail Asia18/08/2016

Baidu is Qlik Sense to improve its cloud services platform and provide an enhanced data analytics experience to its customers. Qlik Sense will be integrated into Baidu Palo to enable self-service visualization analytics on the Palo OLAP engine, giving Chinese enterprises the ability to achieve greater agility in aggregating data from various sources to make […]

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Retail Asia17/08/2016

China Jo-Jo Drugstores, Inc. (CJJD) yesterday announced financial results for its first fiscal quarter ended June 30, 2016. FY 2017 First Quarter Highlights: Revenue was $20.9 million compared to $21.3 million a year ago Gross profit increased 2.4% year-over-year to $4.5 million Gross margin increased 90bps year-over-year to 21.4%, retail pharmacy gross margin increased 280 bps […]

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Retail Asia17/08/2016

The Alibaba Group reported a 59% revenue growth (reaching $4.84 billion) for the quarter ended June 30. Revenue from its China retail marketplaces ($3.51 million), including Taobao and TMall, also rose 49% from a year earlier. It is, however, in the area of mobile that the e-commerce giant had made huge strides. Alibaba Group’s Chief […]

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