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Aptos, a recognized market leader in retail technology solutions, today announced that The SM Store, the largest department store chain in the Philippines, will deploy Aptos Merchandise Financial Planning to optimize its omnichannel merchandising strategies.…
Li & Fung, today announced a strategic investment of US$100 million from JD.com , with newly issued capital to further develop its digital supply chain. The Fung Family will continue to retain control of the Company with 60% of the voting shares. Li & Fung…
Alibaba’s B2C platform Tmall Global is offering support to its merchants during the coronavirus epidemic, including waiving services fees. The firm’s annual service fee for the first half of 2020 will be waived for all Tmall Global merchants on board before…
United Overseas Bank (UOB) announced the launch of Hangout@UOB, a new branch concept designed and managed by Singapore Polytechnic students. A four-week design process of the branch enabled interior design and architecture students to put into practice the…
Walmart India will let go around a third of its top executives at its Gurugram headquarters. The retailer has been struggling in the territory and is now responding by laying off more than 100 top-level executives, with more terminations expected to come…
Indian omni-channel eyewear retailer Lenskart has raised an investment of US$275 million from SoftBank Vision Fund. Several of the firm’s existing investors sold their stake in the business during the latest Series-G financing round. The new funding has…
South Korean online shoppers still see offline stores as a crucial part of shopping, a recent study has shown. Furthermore, despite the widely held belief that consumers will engage in online shopping during lunch breaks, or before they go to bed, the study…
Omnichannel fashion brand Pomelo has released a third collection for its permanent sustainable line Purpose. Seeking to lead the sustainability charge in the Southeast Asian fashion industry, the brand will be introducing Recycled PET (RPET) material to its…
Shopline, the global smart commerce platform, has today announced the official expansion of its operations to Malaysia. The news follows the closure of a successful US$2 million funding round earlier this year, led by CDIB Capital Group and Alibaba Hong Kong…
Farfetch China has opened a flagship store on JD, one of its strategic investors. The move follows Farfetch China’s purchase of Toplife announced in February and gives the global luxury-fashion technology platform access to more than 300 million customers in…
Hong Kong’s Hutchison Global Communications (HGC) has expanded its partnerships with customer relationship management company Salesforce and Salesforce platinum partner Enxoo to accelerate its digital transformation. HGC plans to use the collaboration to…
If you think about what your home was like even just a few years ago, life was very different. Think about what grocery shopping was like. You’d open your fridge door to check out what’s missing, scribble down on a notebook a shopping list of what you need,…
Fresh from a US$20 million funding injection, omnichannel-solutions startup CitiXsys plans to open six offices across Asia, eyeing region-wide expansion. CitiXsys’ new offices will be located in Singapore, Jakarta, Ho Chi Minh City, Manila, Bangkok, and Kuala…
Don’t mention the so-called ‘Retail Apocalypse’ to AS Watson Group MD Dominic Lai. An ardent enthusiast in new-generation retail technology, he heads a company that has just celebrated its 15,000th physical store opening. And that network expansion is showing…
Indian lingerie retailer Zivame has raised about US$8.6 million to fund expansion. The funds were raised through Allana Investment and Trading Company, in a round led by existing investor Zodius Technology and individual investors. The new capital will be…
Capillary Technologies, a leading provider of CRM and digital retail solutions, announced results for 2018 that show significant year-over-year business momentum. The company highlighted many significant developments that contributed to its most successful…
