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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 )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )

Retail Asia27/08/2018

Malaysian-headquartered apparel and homewares retailer Laura Ashley is selling its commercial property in Singapore against declining sales – but it remains positive about its regional prospects. The firm’s full year results announced a fall in profits from £8.4 million (US$10.8 million) last year to £5.6 million ($7.2 million) this year. Total sales for the group […]

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Retail Asia24/08/2018

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Uber on Tuesday named a news chief financial officer as the smartphone-summoned ride service remained on the road to a stock market debut next year. Nelson Chai came on board from Chicago-based insurance firm Warranty Group, where he was chief executive, according to Uber. “I’m incredibly excited to bring on someone as experienced and thoughtful […]

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Retail Asia24/08/2018

The income gap in Korea widened again in the second quarter, a serious blow to the so-called income-led growth policy of the Moon Jae-in government, which vowed to narrow the inequality in earnings between the rich and poor. According to data released by Statistics Korea on Thursday, earnings for households in the first quintile of […]

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Retail Asia23/08/2018

Japanese retail brand MINISO has completed one year of operation in India and achieved its annual target of Rs 700 crore revenue for 2017-18. The brand, which was launched in August 2017, at present operates 26 stores in India – 21 in Delhi/NCR, three in Mumbai, one in Bengaluru and two in Lucknow. It plans to take […]

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Retail Asia23/08/2018

Three major taxi firms in Hanoi have recently joined forces to have their 3,000 vehicles operating under a single brand starting in October. Thanh Cong, Ba Sao and Sao Ha Noi are set to become G7 Taxi in a bid to take on ride-hailing behemoth Grab. In April representatives of top traditional taxi firms had […]

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Retail Asia23/08/2018

Forcing ride-hailing cars to work like traditional taxis is a serious mistake revealing a non-innovative mindset, a leading economist says. Nguyen Dinh Cung, director of the Central Institute of Economic Management (CIEM), criticized state agencies for a “managing mindset” that “is not yet innovated”. Cung was referring to the latest draft decree on transportation management, […]

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Retail Asia22/08/2018

Ride-hailing firm Uber has withdrawn its lawsuit over HCMC’s demand for $2.3 million in back taxes and fines. A tax department official said Friday that the HCMC People’s Court has suspended the case in which the Netherlands-based Uber B.V. had sued the department over its demand that the firm pays over VND53 billion ($2.3 million) […]

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Retail Asia22/08/2018

US private equity firm Warburg Pincus has signed on to buy a majority stake in Beijing baby products retailer Leyou, according to a report. Warburg’s acquisition – valued at between US$200-400 million, is a brand with a 580-store strong network of self-operated and franchised outlets operating in 150 cities. The deal was handled by investment […]

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Retail Asia21/08/2018

The world of the 19th-century Portuguese ceramics company Bordallo Pinheiro is whimsical, colourful and eccentric, and its surreal creations are taking over tables and Instagram feeds around the world. How has this 134-year-old brand – stocked in Liberty, SCP, Amara, Couverture and Arket – become a must-have for millennials? With the current vogue for macramé […]

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Retail Asia21/08/2018

Go-Jek, Indonesia’s first billion-dollar startup, is “extremely close” to achieving profitability in all its segments, except transportation, its founder and chief executive, Nadiem Makarim said. Launched in Jakarta in 2011, Go-Jek – a play on the local word for motorbike taxis – has evolved from a ride-hailing service to a one-stop app allowing clients in […]

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Retail Asia20/08/2018

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South Korean duty-free operator Lotte has reported soaring profit following its decision to partially withdraw from Incheon airport. In the company’s first half report, it indicated solid worldwide sales accounted for the profit increase, which came to KRW155 billion (US$137 million) – up a staggering 1995 per cent. Total global sales hit KRW2.7 trillion (US$2.4 […]

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Retail Asia17/08/2018

Japanese discount retailer Don Quijote says it wants to buy Walmart’s Seiyu department store business in Japan. But Walmart still claims it is not for sale. Despite widely published reports, that Walmart was approaching potential buyers for the unit, the US company denies it is selling up and moving out of Japan. A Walmart spokesperson said that the company […]

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Retail Asia17/08/2018

Electrical, IT and furniture retailer Courts Asia has narrowed a quarter-on-quarter loss following transformation work in its Malaysia operations. In its first quarter results, the company said its business in Malaysia had been hit hard by regulatory changes in the territory. The group’s profitability was impacted by the introduction of the Consumer Protection (Credit Sale) […]

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Retail Asia17/08/2018

Petronas Gas Bhd’s share price continued to fall by 14 sen or 0.75% this morning despite reporting a 19.7% jump in its net profit to RM509.3 million in the second quarter (Q2) ended June 30 from RM425.3 million previously. At 11.08 am, the stock stood at RM18.52 with 62,900 shares changing hands. The group told […]

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Retail Asia17/08/2018

IKEA, the furniture retailer which bets big on sustainability, has opened its first store in Hyderabad on August 09. The Swedish home furnishing major has been sourcing from India for its global stores for more than 30 years. Its plan to open retail stores in 40+ cities across the country, reinforces its long-term commitment and […]

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Retail Asia17/08/2018

Walking through the sprawling, newly-opened IKEA store here needs energy and the company is making sure that customers get to recharge at its trademark restaurant. The 1,000-seater restaurant is the biggest among the Swedish home furnishings retailer’s global network in 50 countries. The thousands of customers who flocked IKEA’s first India store that opened on August 9 […]

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Retail Asia16/08/2018

AirAsia Group Bhd’s (AAG) share price rose 0.90% this morning after it divested its remaining 25% stake in its joint venture (JV) company, AAE Travel Pte Ltd for US$60 million (RM240 million). The airline sold its remaining stake to the 75% stakeholder in the company Expedia Inc’s Expedia Southeast Asia Pte Ltd — in a […]

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Retail Asia16/08/2018

Go-Viet’s attractive perks for drivers are motivating many to shift from Grab, and the market leader is responding. He’s one of the first drivers to sign up with ride-sharing service Go-Viet, but Thanh Hung is still wearing the well-recognized green GrabBike uniform. “Too many drivers have just signed up for Go-Viet so there are not […]

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Retail Asia15/08/2018

Chinese lifestyle brand Yoyoso has partnered with Indian retail operation Tablez to bring its outlets to India. Ma Huan, president of Yoyoso, said Indian is one of the most important parts of the global market for the business. “It’s a great opportunity for both Yoyoso and Tablez.” Tablez’ parent company LuLu Group also has plans […]

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Retail Asia14/08/2018

Lotte Tour Development said Thursday it will hold a series of investor relations sessions next week in a bid to attract more investment to its resort construction project in the southern island of Jeju. Lotte officials will meet with institutional investors in Hong Kong and Singapore from Monday to Friday to explain its recent earnings […]

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