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Hong Kong’s retail environment showed further signs of improvement in November, although the recovery may have been short-lived as the city was hit with a fresh wave of virus infections and imposed new restrictions late in the month. The provisional value of…
Singapore’s national carrier is hoping to become the world’s first airline to get all of its crew members vaccinated against COVID-19. Singapore Airlines confirmed to CNN Travel that all of their crew members — including pilots, gate agents, flight attendants…
Thai-based omnichannel fashion platform Pomelo has launched a redesigned version of its online platform which features multiple brands. Besides offering in-app exclusive live streaming, the new app houses more than 100 brands on its Thai version, including…
Multibrand Hong Kong fashion retailer I.T Limited has warned shareholders it will likely post a loss of at least US$38.7 million for the six months to August, such has been the impact of the Covid-19 on sales. Chairman Sham Kar Wai said in a letter to…
Takashimaya, the Japanese department store operator, has reported a loss of US$190 million in the May quarter as it faced extraordinary payments related to the Covid-19 pandemic and falling sales. The company was forced to effectively close 22 stores in Japan…
“Customers today care less about the breadth of assortment and more about availability.” Covid-19 has accelerated key underlying global retail trends that were already reshaping the industry according to a new report by KPMG. The research finds that retail…
In 2013, Simon Loong launched Hong Kong fintech WeLab using a small loan — just four years later the business was profitable. As one of the leaders of the second FT Asia-Pacific High Growth Companies ranking, WeLab’s story is testament to the favorable…
Ford said on Sunday it would shut its Spanish plant in the eastern region of Valencia for one week starting on Monday after three employees tested positive for coronavirus. “We have had three positive cases of COVID-19 in the Ford Valencia plant in the past…
Twitter is taking a sharper stance against the multitude of hate speech finding its way onto the platform with a stricter set of policies that go into effect now. As with any social media platform, it isn’t difficult to find any number of controversial or…
We have been hearing news about different factories’ production struggles over the coronavirus outbreak for almost two months now. Unfortunately, on Saturday, Samsung temporarily closed one factory in South Korea over a confirmed case of the coronavirus,…
Widespread temporary store closures continue across China as the coronavirus continues to spread throughout the country. Officially, China’s New Year holiday – extended by the government for a week to help reduce the spread of the virus – ended yesterday, but…
ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced that it has assisted China Mobile, China Telecom, China Unicom and China Tower deploy…
An Alipay-owned insurance platform has offered to support families and medical staff affected by the ongoing coronavirus outbreak. The platform will help affected medical staff apply for coverage of 100,000 yuan ($14,000) each and 500,000 yuan ($72,000) for…
As health authorities across Asia struggle to assess the severity and impact of the deadly Coronavirus, hundreds of stores have closed in Mainland China and retailers and shopping-mall operators across the region are already implementing crisis-management…
More than 2000 Starbucks China stores have been closed to protect staff and customers from the coronavirus outbreak, including its giant Shanghai Roastery. “We currently have over half our stores closed in the market,” said Starbucks Inc group president,…
