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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 )
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 )

Retail Asia09/02/2021

Apple surpassed VinSmart to become the fourth-largest smartphone brand in Q4 of 2020 as sales of iPhone 12 surged. With a market share of 11 percent, it was behind China’s Vivo (13 percent), which climbed two places from the previous quarter, Singaporean technology market analysis firm Canalys said in a recent note. South Korea’s Samsung […]

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Retail Asia28/01/2021

With Apple set to report its fiscal 2021 first-quarter earnings report tomorrow (check-in around 5 pm ET), it looks as though things are off to a good start. According to research firms Counterpoint and CyberMedia, Apple delivered over 1.5 million iPhone units in India during the fourth calendar quarter (from October through December). This was a […]

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Retail Asia19/01/2021

Motorbike sales fell 16.6 percent to 2.71 million units last year, according to the Vietnam Association of Motorcycle Manufacturers. The industry group comprises five major companies, Honda, Piaggio, Suzuki, SYM, and Yamaha, who account for most of the market. Industry insiders said sales fell in double digits because of the Covid-19 pandemic, which hit people’s […]

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Retail Asia18/01/2021

Auto sales climbed to 47,865 units in December, the highest monthly number last year, according to the latest data from Vietnam Automobile Manufacturers Association (VAMA). It represented a 32 percent rise from November and 45 percent increase from the same period in 2019. The data shows 36,856 units sold in December were passenger cars, up […]

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Retail Asia12/01/2021

British new car sales fell nearly 30% last year in their biggest annual drop since 1943 as lockdowns to curb the spread of the coronavirus hit the sector, an industry body said on Wednesday. Demand stood at 1.63 million cars in 2020, according to data from the Society of Motor Manufacturers and Traders (SMMT). It […]

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Retail Asia15/10/2020

Auto sales climbed to 27,252 units in September, the highest monthly number this year, as Vietnam contained its second Covid-19 outbreak. It represented a 32 percent rise from August, when hundreds of new Covid-19 cases were diagnosed, according to a report by the Vietnam Automobile Manufacturers Association (VAMA). Passenger vehicles accounted for 75.7 percent of […]

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Retail Asia12/10/2020

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Aeon logged a consolidated net loss of ¥53.9 billion in the March to May period, it’s the largest loss since the retail giant began releasing quarterly net balance information in the fiscal year to February 2005. The company was in the red in its first-quarter net balance for the second straight year, according to its […]

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Retail Asia01/10/2020

South Korea’s non-store retailers including online shopping and delivery operators raised a record 46.2 trillion won ($39.1 billion) in sales in the first six months of the year as consumers relied much on non-face-to-face businesses amid coronavirus fears. According to data from Korea Small Business Institute and Statistics Korea on Monday, non-store retail sales jumped […]

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Retail Asia22/09/2020

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The banking software company is joining up with the Chinese internet giant on cloud-based services. The deal opens a huge new potential market for Geneva-based Temenos: it is joining Alibaba’s cloud services, the company said in a statement on Thursday. In effect, banks can adopt Temenos’ software – Transact – on the Chinese firm’s cloud infrastructure. The […]

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Retail Asia18/09/2020

Covid-19 has increased Hong Kong-listed apparel group Bossini’s loss attributable to shareholders by 174 percent from last year to US$48.85 million. Sales for the 12 months to June 30 hit $141 million, down by 27 percent, and gross margin fell to 49 percent, from 52 percent last year. “Since 2019 the economic environment of the […]

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Retail Asia16/09/2020

Sales of luxury Prada items in China have exceeded last year’s levels since the brand’s physical stores reopened following the coronavirus pandemic. The Chinese appetite for luxury items has rebounded strongly despite the impact of Covid-19, even as global sales are hit with a decline of 35 percent. “To date, the Prada Group’s sales in […]

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Retail Asia14/09/2020

Auto sales fell 25 percent year-on-year in the first eight months to 151,903 units due to the continuing impacts of the Covid-19 pandemic. Passenger cars accounted for 109,694 units, followed by commercial vehicles and special-purpose vehicles, according to the Vietnam Automobile Manufacturers Association (VAMA). Sales in August, when Vietnam saw a fresh eruption of Covid-19 […]

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Retail Asia10/09/2020

Thailand is to ban the sale of alcohol online because the government says it is too difficult to ensure broader liquor sales are being respected. The decision has been signed off by Thai Prime Minister Prayut Chan-o-cha, who said that alcoholic drinks have become a popular item traded via e-commerce, creating difficulties in oversight. Thailand’s […]

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Retail Asia02/09/2020

Japanese government data shows a significant drop in retail sales for July this year. Retail sales in Japan declined by 2.8 percent for the calendar month compared with the same period last year, reaching US$117.4 million. The decrease was higher than the median market forecast of a 1.7-per-cent drop, and compounds last month’s fall of […]

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Retail Asia01/09/2020

Japanese mall brand Aeon’s operations in Malaysia have reported a net loss of US$2.3 million for its second fiscal quarter this year. The losses, which followed a first-quarter net profit of $1.8 million, are being considered as an effect of the coronavirus outbreak and the movement control orders executed in the territory and subsequent closures […]

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Retail Asia31/08/2020

Convenience-store chain 7-Eleven Malaysia has maintained its profitability despite the impact of the coronavirus pandemic. Profit for the first half of the current financial year from the brand’s convenience-store and pharmaceutical businesses hit US$5.8 million and $1.4 million respectively. The group’s consolidated profit after tax for the half-year was $3.35 million. The business remained healthy […]

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Retail Asia28/08/2020

Tech giant Apple will launch an e-commerce store in India next month, according to a report by Bloomberg News. The firm will be timing its launch to begin trading in time for India’s busiest spending season, the Diwali festival. It follows CEO Tim Cook’s statement several months ago that Apple will start retailing within the […]

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Retail Asia18/08/2020

China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus. Meanwhile, the recovery in the factory sector struggled to gain momentum. Asian markets pulled back on Friday following the disappointing set of economic indicators, which raised concerns about […]

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Retail Asia07/08/2020

Japan’s Honda Motor Co on Wednesday forecast a 68 percent decrease in annual operating profit to a 10-year low with global demand for cars expected to slide because of the coronavirus pandemic. The country’s No. 3 automaker expects profit to sink to 200 billion yen ($1.89 billion) in the year to end-March 2021, its weakest […]

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Retail Asia06/08/2020

Hugo Boss sales returned to strong growth in China in June and global online sales jumped 74 percent in the second quarter, even as the German fashion house reported an overall 59-per-cent fall in sales for the period due to lockdowns. Analysts at Baader Helvea noted the company was particularly exposed as people have been […]

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