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Tag: competition

Retail Asia20/09/2019
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Fashion

Global Vans shoe design competition kicks off

3min0
Sports shoe & apparel brand Vans is launching its interactive “Vans shoe customisation competition”, designed to inspire artists around the world. The Global Custom Culture competition aims to provide the means for self-expression through digital and canvas mediums unique to Vans. This is the inaugural year of the Vans shoe customization competition, encouraging artists from […]
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Retail Asia31/01/2019
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Food

Starbucks China sales grow – with a but

3min0
Net revenues for Starbucks China and Asia-Pacific region soared 45 per cent in the first quarter to US$1.2 billion. While a change of ownership in the East China business at the end of the first quarter of the previous year boosted the figure, the company says the opening of a net 1010 stores during the […]
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Retail Asia24/01/2019
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E-Tailing

India’s Reliance to take on Walmart and Amazon online

1min0
South Asia’s richest man Mukesh Ambani is establishing an e-commerce platform to compete with Walmart and Amazon in India. The Reliance Industries chairman will roll out services in Gujarat before extending them nationwide. “Jio and Reliance Retail will launch a unique new commerce platform to empower and enrich our 1.2 million small retailers and shopkeepers […]
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Retail Asia22/01/2019
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Food

Burger house competition in Hong Kong

2min0
In 2018, two international burger chains have opened restaurants and branched out in the city. In May 2018, Shake Shack brought the modern day roadside burgers, to Hong Kong with its partner Maxim’s Caterers Limited. Maxim’s Caterers Limited is a Hong Kong based food, beverage and restaurant chain founded in 1956, and the company operates over 1,000 […]
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Retail Asia22/01/2019
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E-Tailing

Flipkart secures more funding to face competition

1min0
Indian e-commerce firm Flipkart has received US$201 million funding for its wholesale business from its Singapore-incorporated parent. The investment comes during a period of intensifying competition between the firm and its Amazon-backed competitor in a market estimated to be worth $18 billion. It signals a prioritising of sales growth by the retailer since its acquisition […]
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Retail Asia21/01/2019
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Food

Luckin, Starbucks rivalry heats up

14min0
Luckin vs Starbucks: baristas and technology are engaged in a gigantic battle for Chinese coffee drinkers’ loyalty. Seattle, Washington-based Starbucks Corporation has been the indisputable market leader in the Chinese coffee industry ever since its Beijing World Trade Center branch opened its doors in January 1999. Yet Starbucks’ two decades of coffee dominance in China […]
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Retail Asia16/01/2019
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Automotive

Hyundai Motor now ready for big races

3min0
Hyundai Motor finalized its driver lineup for this year’s major motorsport competitions, the company said Monday.  The automaker said its target this year is to win championship titles at the World Rally Championship (WRC) and the World Touring Car Cup (WTCR). In WRC events, the carmaker participates with its own team. In WTCR events, it supplies […]
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Retail Asia10/01/2019
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Living

L’Oreal Korea seeks Brandstorm 2019 contest participants

2min0
L’Oreal is now accepting applications from students in Korea for its annual global marketing competition “L’Oreal Brandstorm 2019.” The mission for this year’s competition is to “invent the future skin care experience for health-conscious consumers.” Contestants need to choose one brand from L’Oreal’s Active Cosmetics division, such as Vichy or La Roche-Posay, and propose a […]
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Retail Asia07/01/2019
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Living

Four Korean firms join forces to fight Netflix

5min0
SK Telecom is teaming up with three major broadcasters to launch a new video content service in a bid to challenge the popularity of foreign services like Netflix. On Thursday, SK Telecom and broadcasters KBS, MBC and SBS signed an MOU to combine their current over-the-top (OTT) media service businesses and launch a new and improved […]
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Retail Asia20/12/2018
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Living

HMV Hong Kong collapses

3min0
The HMV Hong Kong business has collapsed, with the chain’s owner appointing liquidators. In a statement, HMV Digital China Group chairman Stephen Shiu Jnr said the company was “unable to escape from the crushing force of the wheel of history” as live-streaming services like Spotify and Netflix made CDs and DVDs redundant. The company is […]
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Retail Asia18/12/2018
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Living

Kakao postpones carpooling service

4min0
Kakao Mobility announced las week that it would postpone the official launch of its carpooling service after a week of fierce protests from the local taxi industry. The Kakao affiliate started offering a beta version of the service last Friday that was made available to a randomly selected pool of users nationwide. On the same […]
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Retail Asia17/12/2018
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Living

Grab Vietnam says Uber deal ‘no breach of competition laws’

6min0
Ride-hailing firm Grab has asserted that it did not breach Vietnam’s competition laws, contesting authorities’ definitions and interpretations. The assertion was a response to the Ministry of Industry and Trade, which said Wednesday that it had evidence that Grab’s acquisition of Uber violated Vietnam’s Competition Law . In a statement released Thursday, Jerry Lim, country head of […]
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Retail Asia17/12/2018
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Startups

Go-Viet, Grab Vietnam to face tight competition

3min0
Vietnamese technology startup Be Group Corporation officially launched its ride-hailing platform Thursday, with beBike and beCar. The latest entrant to a market dominated by the likes of Grab and Go Viet has set an ambitious target of partnering with 10,000 drivers in a few weeks, by the end of 2018, and 100,000 drivers next year. […]
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Retail Asia24/02/2017
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Living

Taxis claim unfair competition

3min0
Ta Long Hy, chairman of HCM City Taxi Association, told a conference on Thursday that the taxi market has seen unfair competition between traditional firms and foreign companies with strong financial potential and state-of-the-art technologies. Hy said the number of licenced traditional taxis with less than nine seats in HCM was reduced from 20,000 in […]
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Retail Asia27/04/2016
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Telecom

Australians benefit from telco sector competition

3min0
Australian consumers are reaping the benefits of competition in the telecommunications sector in the form of increased data allowances, new services, and lower prices, according to a report from competition regulator ACCC. “Consistent with the trend in recent years, consumer demand for data is continuing to increase and is affecting both fixed and mobile networks. […]
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