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Reported across 14 sectors and every major Asian market — deals, openings, results and people moves, seven days a week.
The popularity of South Korean pop culture and products in China shows no signs of abating, as South Korea has seen more Chinese shoppers than ever, but it could come at a cost to Hong Kong. Erwan Rambourg, a consumer goods analyst for HSBC and the author of…
A latest survey showed that wearable devices will become more popular in the Chinese market in the next five years. For wearable health devices, 39 percent of respondents worldwide plan to buy one by 2020, but 65 percent of Chinese consumers surveyed already…
The government is exploring ways to allow more companies, including South Korea-based Lotte Group, to operate duty-free services at airports and downtown areas. Currently, King Power, the country’s largest duty-free company, is the sole concessionaire…
GCH Retail (Malaysia) Sdn Bhd, the owner of Giant, Cold Storage, Mercato, Jason’s and G-Express stores, is to open four new Giant hypermarkets and supermarkets in Malaysia this year to add to the 126 it already has. They will be in the Klang Valley, Sarawak,…
China Post has said reports that thousands of parcels from overseas have been languishing at a Shanghai port for months because it owes millions of yuan in port fees are “partly untrue.” This follows online claims that 200 containers mostly containing haitao…
Beginning Jan. 26, roughly 2,400 of the chain’s 6,300 domestic locations will begin selling gluten-free pizzas. The move comes two years after rival Domino’s rolled out a pizza sold with a gluten-free crust — but not entirely gluten free. Pizza Hut will be…
Asian fashion e-commerce start-up Zalora aims to become a multi-billion dollar company, and according to managing director Michele Ferrario, Southeast Asia’s burgeoning market holds the key to achieving that goal. “Singapore is well-served in terms of online…
COACH’s debut at London Fashion Fashion week with its menswear 2015-16 Fall Winter Collection signals the aspiration of the brand to a luxury upgrade positioning which was launched when Stuart Vevers (ex LOEWE) was appointed as Creative Director in 2014. The…
Pressure was mounting on the chief executive of Marks & Spencer, Marc Bolland, on Monday night as investors digested the retailer’s decline in sales over the crucial Christmas trading period. One of the City’s most influential fund managers said questions…
Australian footwear brand Emu has launched a global transactional website to serve key markets including the UK and Europe, New Zealand, China, Canada, the US and Japan. Lees ook: Guardian Malaysia plans 30 new stores
American quick-service restaurant (QSR) brand KFC plans to become the largest QSR chain in the country and expects to have over 500 outlets by end-2015. The company has just launched its “Flaming Crunch Chicken,” which has been spiced using the ‘BhutJolokia’…
Japanese clothing giant Uniqlo came under fire yesterday for buying supplies from Chinese factories accused of putting workers at risk in unsafe conditions, with sewage on the floor, extremely high temperatures and poor ventilation. Lees ook: China’s Alibaba…
China’s Dalian Wanda Commercial Properties Co said on Wednesday four investors have agreed to contribute CNY24 billion yuan (USD3.9 billion) over the coming two years as the first tranche of funding to build around 20 shopping malls.
A citizen card launched by payment services provider 2C2P and Myanmar Citizens Bank is expected to support e-commerce in Myanmar. The reloadable prepaid card is accepted by MasterCard merchants and comes with an optional smartphone application that allows…
World’s second largest luxury conglomerate, Swiss based Richemont Group reports flat sales at constant exchange rates (sales increased at 4 percent at actual rates) in the quarter to 31 December 2014. Growth in Europe/Middle East and the Americas was offset…
An agreement between Microsoft (China) and Alibaba Group Holding Limited (Alibaba Group) is expected to enhance the protection of Microsoft’s intellectual property rights (IPR) on the two most popular e-commerce platforms in China operated by Alibaba – Taobao…
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