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Online fast-fashion retailer Shein is expected to have a company valuation of roughly $25 billion in its upcoming Hong Kong initial public offering (IPO), a significant decrease from its earlier valuation of approximately $100 billion four years ago. This…
Despite facing opposition from the French government, low-cost fashion brand Shein is extending its footprint to five additional cities in France. This expansion is being carried out through a collaboration with department store chain BHV. Continued Expansion…
Woolworths, a prominent supermarket chain, has recently been cautioned about potentially violating the Grocery Industry Competition Act. This situation arose due to the delisting of certain products in its New Zealand branches. Grocery Industry Competition…
A decree requiring the addition of micronutrients to food products is making them unattractive and more difficult to sell, industry insiders say. The decree, which went into effect last year, requires businesses to include iodine in salt and iron and zinc in…
Ride-hailing firm Grab Vietnam insists that its GrabTaxi service is legally allowed to operate nationwide. Grab Vietnam countered that GrabTaxi is an app for an e-commerce platform, so its operations would be in accordance with the government’s e-commerce…
The Singapore F&B sector is set for a radical transformation under the government’s Industry Transformation Maps, aimed at getting industry “future-ready”. Tharman Shanmugaratnam, deputy PM and coordinating minister for economic and social policies, revealed…
Wealthy investors in Singapore may soon be able to choose to be covered by the same protections as retail investors under proposals from the Monetary Authority of Singapore (Mas). First announced by the regulator in September 2015, Mas intends to table…
More than 1,000 endangered but highly valued reef fish sold in Hong Kong last year were imported illegally, a university study shows. It was released yesterday and funded by the University of Hong Kong and the Convention on International Trade in Endangered…
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