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Hong Kong’s retail sales fell 8.8% in October, the first single-digit fall since June last year, showing further signs of a recovery after coronavirus restrictions had slammed the brakes on spending and tourism in the global financial hub. The drop compared…
Shortly after the outbreak, e-commerce sales surged in many countries as consumers avoided crowded places and social distancing measures kicked in. In Singapore, a surge in online grocery sales overwhelmed booking systems. Demand for online food delivery…
Pinduoduo, China’s largest e-commerce platform for agricultural products, has expanded its online grocery ordering service to most provinces since introducing it in the cities of Wuhan and Nanchang in August. Duo Duo Maicai, as the grocery feature is called,…
Dairy Farm International Holdings Limited today issues its Interim Management Statement for the third quarter of 2020. The Group’s overall performance in the third quarter improved relative to the first half. While the Group’s results continued to be affected…
Many people earning huge incomes from online commercial activities do not pay tax until discovered by tax authorities. There were more than 1,100 individuals working as a software and online game developers in the capital, a study done by the Hanoi Department…
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…
South Korean retail sales rose by 8.5 percent year on year in September as online stores enjoyed brisk sales amid the new coronavirus pandemic, government data shows. The combined sales of 26 major offline and online retailers reached US$10 billion last…
The increased activity in Singapore’s retail sector hints at a bottoming out of rents by the end of this year or early next year, Knight Frank’s research team said in a report published on Friday (Oct 16). Overall retail rents are expected to fall by 10-15…
Japan has for years been one of Vietnam’s four largest economic partners, with their bilateral trade rising to nearly $40 billion last year. Lees ook: Manulife in upbeat mood after first half surge Cooking exhibits drive late night time retail gross sales Tim…
SINGAPORE retail sales dropped 5.7 percent on the year in August, an improvement from the 8.5 percent year-on-year decline recorded in July, according to the Singapore Department of Statistics (SingStat) on Monday. Lees ook: McDonald’s to screen World Cup…
Hong Kong retail sales plunged 13.1 percent year on year in August, as the coronavirus pandemic continued to batter the struggling sector, marking a 19th consecutive month of contraction. Consumer spending dropped to HK$25.6 billion (US$3.2 billion) in…
Everything was delayed due to the COVID-19 pandemic this year, including Amazon’s huge sale known as Prime Day. Typically, Amazon Prime Day takes place in July, but this year, due to obvious reasons, the sale was reportedly delayed for October. The initial…
Officially released data for retail sales in China show a rise for the first time this year as the economy recovers from the impact of the coronavirus. Figures for August showed a year-on-year increase of 0.5 percent in retail revenues. Dramatic increases…
Japan’s retail recovery continued to proceed slowly during August following the largest recorded single-quarter sales decline in the nation’s history. According to the country’s Cabinet Office, the national real gross domestic product for April to June fell…
Techsembly, a Singapore technology startup, is securing clients worldwide after developing a Software-as-a-Service platform allowing businesses to replicate a curated and customized in-store shopping experience online. The three entrepreneurs who founded…
