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In a fiercely competitive market, Chinese food delivery titan Meituan has reported a second consecutive quarterly loss, slightly missing projected revenue growth. Over the past year, the company has weathered intense competition sparked by aggressive subsidy…
In Singapore, the lifestyle industry, particularly retailers, has expressed the need for continuous support from the Budget allocation due to mounting challenges such as elevated costs, labour shortages, and fierce competition. According to the Singapore…
Dragon fruit exports from Vietnam, which historically garnered more than $1 billion annually, have plummeted to their lowest levels in over a decade. The first eleven months of last year saw exports decrease by 0.8% to $485.2 million, a low not seen since…
Chinese beverage company Chagee Holdings is maintaining its focus on premium products, even in the face of falling sales and profits as customers turn to more affordable competitors. The company’s co-founder, Shang Xiangmin, stated in a recent interview, “We…
South Korea’s retail industry is swiftly growing its private label (PB) business by extending beyond food and household items to include clothing, innovative digital platforms, and even international markets. This expansion comes as firms ranging from…
Alibaba, the Chinese multinational, has highlighted the significance of artificial intelligence (AI) in its plans to broaden its cloud computing business. This comes as the company experienced robust quarterly development in the sector, although its broader…
Meituan, China’s top food delivery company, has reported an 89 per cent decrease in its net profit during the second quarter. The company attributes this major drop to escalating competition in the ‘instant retail’ sector, which specializes in delivering…
Pinduoduo (PDD Holdings), a prominent e-commerce firm operating economical platforms in China and internationally, surpassed quarterly revenue expectations. However, its net income plummeted as a result of investments made to compete in an increasingly…
In a decisive move signaling a shift in China’s retail landscape, authorities are gearing up to impose stricter regulations on online retail platforms that have been compelling third-party merchants into a relentless price-cutting frenzy. This comes as part…
Vietnam’s retail landscape is flourishing, driven by a burgeoning middle class and a spirited demand for both online and in-store shopping experiences. As e-commerce is projected to soar to an impressive US$50 billion by 2025, it’s clear that physical retail…
In an industry first, Amazon has overtaken eBay to become the leading marketplace in Australia according to new research from global ecommerce accelerator, Pattern. Marketplace shopping has also become mainstream in Australia, with research highlighting 93%…
Back in 2019, after investigations done by the New York Times and the Wall Street Journal, it appeared that Apple was ranking its own apps ahead of competitors’ similar apps in the App Store search feature. This is an issue that lawmakers are seriously…
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…
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…
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…
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…
