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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 )
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 )

Retail Asia02/04/2019

Defining upsizing in an all new way, tyre maker JK Tyre has entered the Limca Book of Records with India’s largest off-road tyre. The 40.00-57 VEM 045 was launched in 2014 and stands at 12 feet tall while weighing around 3.4 tonnes. Before off-roaders get their hopes up about upsizing their SUVs, the VEM 045 […]

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Retail Asia21/02/2019

The operator of South Korea’s CU convenience stores, BGF Retail, has achieved KRW189.5 billion (US$168.9 million) in operating profit last year, a leap of more than 600 per cent over last year. The company said on Tuesday its sales had risen by 515.3 per cent to KRW5.77 trillion ($5.14 billion). The results confirmed market predictions […]

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Retail Asia04/02/2019

Chinese-owned SMCP Group said that total company sales exceeded 1 billion euros in 2018, marking a revenue-first for the French fashion group. “With double-digit sales growth in 2018, SMCP posted a remarkable performance and continued to deliver on its strategic roadmap,” said Daniel Lalonde, SMCP’s Chief Executive Officer. For the year ending December 31, SMCP […]

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Retail Asia01/02/2019

Following a record-breaking year of sales in 2017, LVMH recently announced that it has surpassed its earnings record in 2018. The French multinational luxury goods conglomerate revealed that it made an incredible €46.8 billion EUR (approximately $53.4 billion USD) last year. Additionally, the impressive feat comes with a record net profit growth of 18 percent. […]

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Retail Asia31/01/2019

Gold prices edged up on Wednesday to hit their highest since May, supported by uncertainty over U.S.-China trade relations and expectations the U.S. Federal Reserve will keep rates on hold later in the day. Spot gold was up 0.2 percent at $1,313.91 per ounce by 0245 GMT, after touching its highest since May 15 at […]

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Retail Asia17/01/2019

Incheon International Airport announced record annual sales of US$2.4 billion for 2018, beating the previous record set in 2017. The performance ranks Incheon as the world’s number one airport for duty free sales in 2018, ahead of Dubai International. The latter’s anchor retailer, Dubai Duty Free, posted 2018 sales of US$2.015 billion. Sales rose 14.8% […]

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Retail Asia16/01/2019

Lenskart’s eyewear brand John Jacobs is looking to garner Rs 500 crore in revenue in two years as it strengthens its retail presence and expands the product portfolio. The brand, which has eight stores currently in Delhi, Pune and Bengaluru, will add six more in the next two months and aims to set up about 50 stores […]

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Retail Asia11/01/2019

Mercedes-Benz Malaysia (MBM), the distributor of Mercedes-Benz marque in Malaysia, posted a record-breaking performance in 2018 spurred by the consumption tax holiday and customer-centric strategy. President and CEO Dr Claus Weidner said vehicle sales grew 9% to 13,079 units from 12,045 units recorded in the previous year, lifting the company’s market share to 2.4% from 2.3%, […]

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Retail Asia10/01/2019

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South Korea’s top travel retailer Lotte Duty Free reported best-ever sales of 7.5 trillion won (US$6.7 billion) last year on a surge in online sales and mass purchases by Chinese merchants seeking trade in shuttling goods to China. Lotte Duty Free said its annual sales last year hit a record high of 7.5 trillion won, up […]

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Retail Asia03/01/2019

The total value of online shopping in Korea reached a record high in November, government data showed Wednesday, in the latest sign that a growing number of Koreans are using computers or mobile devices to buy things ranging from clothes to electronic goods. Total online transactions reached 10.62 trillion won ($9.5 billion) in November, up […]

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Retail Asia28/11/2018

American consumers were on track to spend US$ 7.8 billion in online shopping on Cyber Monday, up 18.3 percent from last year, according to Adobe Analytics, which tracks 80 percent of online transactions at 100 of the largest retailers in the US. Cyber Monday, which falls on the first Monday after Thanksgiving Day and Black Friday, is […]

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Retail Asia23/11/2018

Xiaomi India says it opened 500 retail stores in one day in India late last month. The Chinese electronics retailer has bannered the network Mi Stores – smaller, compact versions of the Mi Home stores, developed for mainly rural parts of India. “The company created a Guinness record for opening the maximum number of stores […]

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Retail Asia07/02/2017

Video streaming coverage of the 2017 presidential inauguration in the United States is the largest single live news event that Akamai Technologies has delivered, the company said. Live video streaming of the inauguration peaked at 8.7Tbps on the Akamai Platform at 12:04pm Eastern Time on Friday, January 20, during the opening of the President Donald […]

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Retail Asia19/01/2017

Ford Philippines said it posted new record sales in 2016, the fourth in a row, with sales rising 33 percent to 33,688 vehicles, driven by continued strong demand for EcoSport, Everest and Ranger. The company said it also had the best-ever December performance in the Philippines with sales increasing 13 percent year-on-year to 3,198 vehicles. […]

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Retail Asia15/10/2016

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Alcatel-Lucent Submarine Networks and Nokia Bell Labs have set a new transmission record over a 6,600km single mode fiber for transoceanic cable systems. The lab trial achieved a total transmission speed of 65Tbps using submarine grade dual band erbium doped fiber amplifiers. The trial used Bell Labs’ new probabilistic constellation shaping (PCS) modulation technology. PCS […]

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Retail Asia19/01/2016

Ford Philippines sales last year jumped a record 25 percent to 25,372 units, firmly establishing Ford as the number three-selling automotive brand in the country. EcoSport, Everest and Ranger each deliver record full-year sales in the Philippines. Record December sales soar 48 percent to 2,824 units, capping record quarterly performance with jumping 50 percent to […]

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