June 25, 2026

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Report: Chinese Shoppers Make 40 Percent of Luxury Purchases Abroad

Mei Ling Tan August 15, 2016

Chinese travelers are spending billions of dollars abroad, but where exactly are they making their luxury goods purchases? A recent report titled “Who Buys Where: Decrypting Cross-Border Luxury Demand Flows”…

Mainland China retail sales growth slows in July

Mei Ling Tan August 15, 2016

Mainland China’s retail sales growth slowed sharply in July, statistics showed Friday, missing expectations in a disappointing sign for the world’s second-largest economy as the mainland China authorities look to…

Businesses latch on to Pokemon craze

Mei Ling Tan August 15, 2016

IT has only been a week since the official release of Pokémon Go in Singapore, but amid the smokescreen of marketing puns and Poké-themed promotions, businesses across different sectors are…

Twinings enters Myanmar

Mei Ling Tan August 15, 2016

Stephen Twining, a member of the 10th generation of the family that has churned out the premium tea for 310 years, was at the official launch in Myanmar on August…

Hour Glass Q1 net profit falls amid tough retail environment, slower economy

Mei Ling Tan August 15, 2016

The Hour Glass’ first-quarter net profit tumbled 22 per cent year on year to S$8.19 million. For the three months ended June 30, total revenue and other income fell 7 per…

Worldpay expanding to Australia

Mei Ling Tan August 15, 2016

The company’s expansion in Australia comes at a time of sustained growth for Worldpay, which processed 13.1 billion transactions in 2015 with transaction value of £401.9 billion ($518.9 billion). A…

GSS most attractive to travellers from Japan, China

Mei Ling Tan August 15, 2016

Japan and China holds the potential to be the strongest source market for Singapore during the Great Singapore Sale (GSS) period, which comes to a close this weekend, according to findings…

China Telecom taps Nokia to expand 4G coverage

Mei Ling Tan August 15, 2016

China Telecom has contracted Nokia to enhance the operator’s 4G coverage and capacity to meet growing subscriber demand. The companies have signed an agreement to expand the deployment of 4G…

China’s Alibaba Q1 revenue leaps 59%, best since IPO

Mei Ling Tan August 15, 2016

Chinese e-commerce giant Alibaba saw revenues leap 59 percent year-on-year for the quarter ended in June, it said Thursday, its strongest growth since it listed on the New York Stock…

Apple India smartphone share tumbles

Mei Ling Tan August 13, 2016

While Apple India has big plans, a new report from Strategy Analytics says the US tech giant shipped 800,000 smartphones in India in the second quarter of this year –…

Toms and another global brands for Myntra

Mei Ling Tan August 13, 2016

Flipkart-owned Indian online fashion company Myntra has added two international brands to its platform, Toms and Meters/Bonwe. This makes Myntra home to more than 30 global brands, says its head…

Upgrade broadens Pantip Plaza’s appeal

Mei Ling Tan August 13, 2016

Two years of renovation have breathed new life into Bangkok IT hub Pantip Plaza, on Phetchaburi Road. It re-opens on Monday as Tech Life Mall, offering wider aisles and spaces…

Hugo Boss China plans to cull more stores

Mei Ling Tan August 13, 2016

The cull of Hugo Boss China stores will continue after a first round downsizing helped the German retailer’s bottom line. Hugo Boss revealed its quarterly operating profit on Friday, beating…

China July vehicle sales rose 23 pct y/y – China Passenger Car Association

Mei Ling Tan August 12, 2016

Passenger vehicle sales in China to retail customers rose 23 percent in July from a year earlier, the China Passenger Car Association (CPCA) said on Tuesday. Auto retail sales totaled…

Asian stocks mostly up despite weak economic news from China

Mei Ling Tan August 12, 2016

Asian shares traded in positive territory Tuesday as gains in commodity stocks helped offset weakness overnight in U.S. markets. The Nikkei Stock Average NIK, +0.69% rose 0.2% with the S&P/ASX…

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