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In the first half of 2026, China became Vietnam’s largest seafood market, surpassing the United States. This shift resulted from an importation of Vietnamese seafood valued at nearly $1.4 billion, a 40% year-on-year increase. This accounted for almost a…
The recent announcement regarding the discontinuation of Yakult Orange, a popular probiotic drink flavor, has elicited mixed reactions from consumers. For some, it comes as a surprise that this flavor was not as beloved as they had previously believed.…
Xiaomi Vietnam, a distributor of consumer electronics under the Chinese brand Xiaomi, has been penalized with a fine of VND290 million (US$11,000) for breaches of consumer protection laws, especially involving the use of personal data for marketing purposes.…
In an endeavor to support consumers during a time of economic uncertainty and surging expenses, DBS Singapore has announced the provision of S$10 million (US$7.8 million) in cashback redemptions. These will be available for DBS and POSB cardholders, as well…
Chinese e-commerce entity Kuaigou, a branch of live-streaming tech corporation Kuaishou Technology, has been fined 26.7 million yuan (approximately US$3.84 million) by the Chinese regulatory authority. The regulator cited a series of “illegal actions” as the…
In response to shifting consumer preferences and soaring prices, Singapore-based gold jewelers are rethinking their strategies. They are updating designs and adjusting prices to attract customers, as the demand for gold jewelry takes a hit from a growing…
E-commerce heavyweights, Amazon and Flipkart, are planning to venture into the financial services sector in India, by offering loans and buy-now, pay-later (BNPL) options. This strategic move is poised to challenge the traditional banking sector. Amazon’s…
Nestlé, the Swiss food giant, is facing a challenge in its attempt to divest from its mass-market vitamin brands. The rise in demand for expensive, scientifically-backed products among health-conscious consumers is complicating the corporation’s efforts to…
With the conclusion of China’s Singles’ Day sales festival, the largest shopping event worldwide, it’s clear that the country’s most significant e-commerce platforms were unable to stimulate widespread consumer enthusiasm. This comes in light of the lingering…
Grab Holdings Inc. surpassed projected revenues for the third quarter, thanks to strong consumer spending on its ride-hailing and food delivery services. The increase in user numbers can be linked to the company’s efforts in expanding its platform. Grab’s…
Fonterra’s farmer shareholders have granted approval for the company’s proposal to divest its consumer products division. The Mainland Group and its associated businesses are set to be sold to Lactalis for a sum of $4.22 billion. High Support for Divestment A…
On Thursday, Alibaba, the Chinese e-commerce giant, unveiled a novel AI chatbot assistant service, amplifying its efforts to solidify its presence in a consumer-centric domain presently dominated by ByteDance and Tencent. Integration of AI Chatbot Into Quark…
Gold’s Gym, a long-standing name in the fitness industry, is expanding its horizons beyond its health centers. The company has entered into an exclusive multi-year agreement with IMG Licensing, marking a significant move towards the introduction of branded…
The Indian consumer lending market is set for an extraordinary leap, potentially reaching $1 trillion by 2029, driven by a robust economic landscape and shifting consumer behaviors. According to projections from GlobalData, this sector is expected to…
Fonterra, a leading dairy company, has announced it is selling its global Consumer and associated businesses to French dairy enterprise, Lactalis. The transaction is valued at NZ$3.845 billion ($3.48 billion). Details of the Sale The sale incorporates…
The BEUC, a Pan-European consumer organization, has lodged a complaint with the European Commission against Shein, an online fast-fashion retailer. The grievance centers on Shein’s use of “dark patterns”, a series of strategies designed to increase purchases…
