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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 )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )

Retail Asia30/08/2022

Shanghai-based e-commerce giant Pinduoduo Inc reported quarterly revenue above Wall Street estimates on Monday, buoyed by a major shopping festival and price promotions to lure China’s increasingly reluctant consumers to open their wallets. The group’s U.S.-listed shares rose more than 15% in trading before the bell. “We saw a recovery in consumer sentiment in the […]

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Retail Asia29/08/2022

Ingka Group, the parent group of Swedish home furnishing giant Ikea, will invest 5.3 billion yuan (RM3.5bil) in China in the fiscal year 2023. The investment will be used for further business digitalization, construction of new stores and shopping malls and integrating multiple distribution channels, CEO and president of Ikea China Anna Pawlak Kuliga told […]

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Retail Asia29/08/2022

Augmented reality headsets have been around for years, but none of the market players has really expanded beyond the techy demographic and broken into the mainstream. An AR startup hopes to change that by partnering with an eyewear fashion brand. Nreal, the well-funded Chinese AR headset maker that’s been making aggressive global expansion, said Thursday […]

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Retail Asia29/08/2022

ZTE has posted its financial results for the first half of 2022. According to the results, for the six months ended 30 June 2022, ZTE achieved operating revenue of RMB 59.82 billion, 12.7% higher than a year earlier. During the period, net profit attributable to holders of ordinary shares of the listed company reached RMB […]

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Retail Asia25/08/2022

Agricultural e-commerce platform Pinduoduo has helped to raise incomes for rural farming communities by widening market access for producers, who can now bypass intermediaries to sell directly to consumers. But while many farmers are aware of the benefits of selling online, they may still find it daunting to set up and run their own e-commerce […]

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Retail Asia24/08/2022

JD.com, beat Wall Street estimates for quarterly revenue on Tuesday (Aug 23) as lockdowns in China to control the spread of the coronavirus boosted online shopping and the company’s “618” shopping event. US-listed shares of the Beijing-based company rose nearly 7 per cent in premarket trading. The company reported second-quarter revenue of 267.6 billion yuan […]

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Retail Asia22/08/2022

Chinese budget retailer Miniso Group Holding Ltd. apologized for styling itself as a Japanese designer brand and said it would change its logo, amid a wave of local nationalism fueled by geopolitical tension over Taiwan. The Guangzhou-based company has long promoted itself as Japanese-influenced, with a Japanese chief designer and Japanese characters on its shopping […]

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Retail Asia22/08/2022

China search engine giant Baidu Inc said on Monday it has obtained permits to operate fully driverless robotaxi services on open roads from two Chinese cities, the first of their kind in the country. The permits, awarded by the southwestern municipality of Chongqing and the central city of Wuhan, allow commercial robotaxis to offer rides […]

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Retail Asia22/08/2022

ZTE, together with the Yunnan Branch of China Mobile, has completed the commercial trial of co-routing detection in China Mobile’s existing optical network in Yunnan province, China. The trial involves two scenarios: co-cable routing detection and co-ditch routing detection. The trial result shows that there will be an early warning of active/standby paths in the […]

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Retail Asia22/08/2022

UBS global wealth management has established a dedicated team to mass millionaires in the region and unveiled its ambition to double the number of clients in the segment for the Greater China market. UBS global wealth management has established a team dedicated to the coverage of private clients – mass millionaires with a net worth of […]

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Retail Asia18/08/2022

Treasury Wine Estates Ltd posted a 5.3% rise in annual profit on Thursday, as strong U.S. sales and price hikes more than offset a hit from hefty Chinese tariffs on Australian wine. The world’s biggest standalone winemaker has been re-directing supply of its prized Penfolds label wines to the United States, Europe and domestically since […]

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Retail Asia18/08/2022

UBS has hired a 25-year veteran as its head of philanthropy services for Hong Kong and the broader Greater China region. Ming Geng joins UBS Global Wealth Management as its head of philanthropy services for Hong Kong and Greater China, according to an internal memo. Based in Hong Kong, Geng reports to head of social […]

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Retail Asia17/08/2022

FedEx Express announced last week it has signed an agreement with Guangdong Airport Authority Logistics Company to expand and upgrade the FedEx Guangzhou Gateway by establishing a new operations center at Guangzhou Baiyun International Airport. The new ‘FedEx South China Operations Centre’ will cover an area of over 41,000 square metrers, more than double the […]

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Retail Asia17/08/2022

Tencent Cloud and technology services provider Acclivis Technologies and Solutions announced that they have signed a strategic partnership to bring private, public and hybrid cloud and ICT solutions to enterprises in Southeast Asia, mainland China and Hong Kong. Tapping Acclivis’ presence in Singapore, Malaysia, Indonesia, Thailand, Philippines and Hong Kong as well as Tencent Cloud’s […]

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Retail Asia16/08/2022

YUM China Holdings said on Monday (Aug 15) it has applied for a primary listing in Hong Kong, as the company looks to circumvent a risk of delisting from the New York Stock Exchange amid tight regulatory scrutiny on Chinese companies. The move comes on the heels of an audit dispute between China and the […]

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Retail Asia15/08/2022

Secoo, once China’s top online luxury goods retailer, has filed a bankruptcy petition for the second time this year, showing how difficult it is for some companies to survive amid waning domestic consumption power in the country. Beijing Siku Shangmao Co, the corporate entity of the Nasdaq-listed company, filed a bankruptcy case with the First […]

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Retail Asia15/08/2022

China Tourism Group Duty Free Corp is aiming to raise up to $2.16 billion through a new listing in Hong Kong, according to a term sheet reviewed by Reuters, in what will be the largest share sale in the city so far this year. Shanghai-listed China Tourism is planning to sell 102.76 million shares priced […]

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Retail Asia10/08/2022

A Beijing consumer rights group said on Tuesday it had asked Missfresh to work on plans to refund its customers and explain how it will rectify its business after receiving a number of complaints, adding to pressures facing the Tencent Holdings and Tiger Global-backed grocery startup. The government-backed Beijing Consumer Association said in a statement […]

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Retail Asia10/08/2022

Two years after it was forced to withdraw from the Nasdaq for an accounting fraud, China’s Luckin Coffee believes it has emerged from its “darkest moment”, and said it remains committed to U.S. capital markets as it expands its stores and sales. Luckin admitted in 2020 that about $310 million of its sales were fabricated […]

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Retail Asia10/08/2022

China’s national auditor is making surprise checks in the nation’s $3 trillion trust industry which is also feeling the ripples of the ongoing property crisis. China’s National Audit Office has been inspecting the books of at least 20 trust firms in the last month – including the industry’s top five – according to a report citing […]

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