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Tag: Innovation

Retail Asia27/12/2018
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Startups

WeWork to hold big pitch contest

2min0
WeWork in Korea will hold the Creator Awards, a regional pitch competition, in partnership with the Seoul city government next February. It is the first time the global office-sharing company is hosting the competition with a city government. Seoul is expected to help in the event’s promotion. On Wednesday, WeWork announced the date and location for […]
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Retail Asia07/11/2018
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Automotive

Hyundai opens center for innovation in Israel

3min0
Hyundai Motor opened an innovation center in Tel Aviv and invested in an Israeli artificial intelligence start-up through the center, the automaker said Tuesday. Hyundai Cradle Tel Aviv is the third such initiative established by the Korean carmaker’s investment arm, the others in Korea and Silicon Valley. The Israel-based center, which officially started operations at the […]
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Retail Asia06/11/2018
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Living

Korea’s Yuhan licenses lung cancer drug

3min0
Yuhan Corporation announced on Monday that it has entered into a licensing agreement with Janssen Biotech, a subsidiary of Johnson & Johnson, to develop Lazertinib, a treatment for non-small cell lung cancer (Nsclc) that is undergoing clinical trials in Korea. Under the agreement, Yuhan will receive an upfront payment of $50 million and is eligible […]
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Retail Asia01/06/2018
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Fashion

De Beers Sees The Light, Launches Lab-Grown Diamond Line

10min0
After years of disavowing the authenticity of man-made diamonds grown in a laboratory, De Beers has suddenly seen the light and responded to consumer demand by offering a lab-grown diamond alternative under the Lightbox Jewelry name. That is what the company would have you believe in its announcement yesterday that advancements in technology have now made it […]
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Retail Asia11/04/2018
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Fashion

Nike buys custom fit start-up from Israel

2min0
Nike has taken another step towards modernising its offer, announcing the acquisition of 3D scanning start-up Invertex in a move that will allow it to deliver measure-to-fit services online. The Israeli based computer vision firm was bought for an undisclosed sum and is Nike’s second acquisition in recent months following its purchase of consumer data […]
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Retail Asia29/03/2018
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Electronics

Apples focuses on high-end audio market

6min0
Apple is returning to its roots when it comes to music products and is starting to embrace the world of audiophiles who are prepared to pay more for premium, higher-quality speakers and music devices. Take the release of the HomePod in February. Apple‘s new home speaker is designed to compete with Amazon’s Echo devices. A key […]
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Retail Asia29/03/2018
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General

Automated stores with no human cashiers on the rise

2min0
Unmanned Stores without cashiers are on the rise, industry sources said, amid local retailers‘ efforts to find a breakthrough in the saturated market. Local software firm Danal Co., which operates coffee franchise dal.komm coffee, said it recently opened the country’s first cashier-less coffee shop at the country‘s main gateway, Incheon International Airport. The coffee shop, […]
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Retail Asia13/12/2017
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Fashion

Ferragamo and Versace watches to innovate

11min0
It is no secret that retailers, distributors and manufacturers need to find new ways to meet consumers’ changing expectations in the luxury and fashion markets. These changes in consumer behavior led Paolo Marai, president and CEO of the Timex Group Luxury Division, which manages the timepiece business for Salvatore Ferragamo, Versace and Versus Versace, to appoint the MadaLuxe […]
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Retail Asia12/12/2017
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Fashion

Louis Vuitton launches its Facebook chatbot

4min0
In a bid to think “client first”, Louis Vuitton has launched a chatbot on Facebook Messenger that advises shoppers on products, aiming to provide meaningful feedback during the busy holiday period. The bot is powered by mode.AI, which has also previously partnered with the likes of Levi’s with its artificial intelligence, visual search and machine […]
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Retail Asia17/11/2017
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Electronics

Korea retailers embracing self-checkout technology

4min0
Unmanned convenience stores are slowly making their way in South Korea and may significantly change or eliminate jobs behind the counter. Due to a steep rise in the minimum hourly wage, which will come into force next year, and advancements in technology, local retailers are adopting unmanned operations. There are five unmanned convenience stores in […]
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Retail Asia07/11/2017
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Food

Food helps, says Starbucks boss

4min0
Food and digital innovation are helping attract customers into stores, says Starbucks Corporation CEO/president Kevin Johnson. He was commenting on the coffee giant’s growth during its fourth quarter and fiscal year ending October 1. For the quarter, net revenues for the China/Asia Pacific segment grew 2 per cent to US$859.9 million. Excluding $56.9 million for […]
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Retail Asia23/01/2017
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General

NEC holds Innovative Solutions Fair in Singapore

3min0
This year’s theme, ‘Co-creating Cities of Tomorrow’, seeks to showcase NEC’s most innovative and proven suite of “Solutions for Society” and cutting-edge technologies that are being used to transform cities and businesses in the areas of safety, security, efficiency and allowing people to live brighter lives. Featuring more than 25 interactive exhibits showcasing NEC’s breakthrough […]
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Retail Asia10/11/2016
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Telecom

Microsoft opens IoT innovation center in Taiwan

3min0
Microsoft has opened its first IoT Innovation Center for the APAC region in Taiwan. The center aims to offer cross-discipline technology transfer, strategic alliances, business model transformation and innovation opportunities. Taiwan was chosen because of its renowned high-tech and hardware manufacturing sectors. The center will act as a link between regional IoT partners and the […]
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Retail Asia13/10/2016
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General

India and Singapore to collaborate on innovation

2min0
India and Singapore have signed an agreement to promote innovation, creativity and technological advancement in both markets. According to the official statement released, “The MoU will enhance bilateral cooperation activities in the arena of industrial property rights of patents, trademarks and industrial designs. It is intended to give a boost to innovation, creativity and technological […]
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