17 stories in this topic
Federal Express Corporation (FedEx) has expanded its intra-Asia network through introducing a dedicated, uninterrupted cargo service between its Asia-Pacific hub located in Guangzhou, China, and Sydney, Australia. This move is expected to bolster the import…
Coupang, the South Korean e-commerce giant, reported a revenue of US$8.9 billion and a loss of $570 million for the second quarter. The loss is a significant reversal from the same period last year, which saw an operating income of $149 million and a marginal…
The recent downturn in Asian semiconductor stocks is not indicative of a decline in the artificial intelligence (AI) investment cycle, but rather reflects investors re-evaluating high earnings expectations. This is according to Patrick Ho, Chief Investment…
Luxshare Precision Industry, headquartered in China, announced on Tuesday that its Hong Kong listing has been priced at the upper limit of its target range, resulting in the raising of approximately HK$24.27 billion (US$3.09 billion). The Apple supplier,…
Beijing Liyuan is said to be planning a sale of its 35% stake in its longstanding cosmetics joint venture with Japanese beauty firm Shiseido. This decision would conclude a partnership that has spanned more than thirty years. According to information…
Luxury jewelry brand Cartier has announced the appointment of Damien Licciardi as the Managing Director (MD) for its operations in Thailand. This appointment is effective immediately. Licciardi’s Professional Background Damien Licciardi steps into the role of…
Despite steep rent discounts offered by landlords, numerous stores in prime retail locations in Hanoi are shutting down, unable to withstand the pressure from the burgeoning e-commerce industry. Last month, Thai Hoang, a 39-year-old retailer, abandoned his…
Pickup Coffee, a budget coffee chain based in the Philippines, is reportedly seeking additional funding. This endeavor includes issuing up to $8 million in convertible notes to Venturi Partners and new investor Antler. The Equity Fundraising It is believed…
Google Messages has been the focal point of numerous updates recently. With a keen emphasis on enhancing user experience, developers have introduced new features and improvements. One such feature is an updated Details page, designed to increase usability.…
The American multinational technology company, Apple, is experiencing a significant surge in iPhone sales. However, what’s particularly noteworthy is the increasing popularity of their laptops. Indeed, in the third quarter of the year, sales of Macs have…
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…
Sir Dickson Poon recently announced his retirement from his roles as group executive chairman and executive director of Dickson Concepts, a luxury goods company listed on the Hong Kong stock exchange. The decision came into effect following the conclusion of…
Artificial Intelligence (AI) has given rise to a multitude of possibilities, one of which is the generation of realistic yet fabricated videos, often referred to as ‘deepfakes.’ The increasing prevalence of these deepfakes has created a demand for tools that…
Cafe Amazon, a coffee chain operated by PTT Oil and Retail Business (OR), is accelerating its global expansion plans. Notably absent from its target locations, however, is Vietnam. This strategic decision follows the withdrawal of a Thai investor from Cafe…
Google Meet, the popular online conferencing platform, has introduced a game-changing feature: AI-driven makeup filters. Users can now choose from 12 different styles, ranging from subtle to dramatic, that lend an instant touch of refinement to their…
Tadashi Yanai, the founder of the global fashion brand Uniqlo and CEO of Fast Retailing, has expressed his concerns over the impact of tariffs on international trade, particularly the United States. Yanai, who is Japan’s wealthiest individual, has previously…