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Thai conglomerate Central Retail has finalized the sale of its entire share in Nguyen Kim Electronics, signifying its departure from the consumer electronics industry in Vietnam following successive years of financial losses. Deal Details The transaction,…
Nestlé, the Swiss food giant, is facing a challenge in its attempt to divest from its mass-market vitamin brands. The rise in demand for expensive, scientifically-backed products among health-conscious consumers is complicating the corporation’s efforts to…
In central Vietnam, a gold and jewelry store has been hit with a substantial fine of VND55 million (US$2,088.08) and has been instructed to obliterate its existing stock for engaging in the sale of falsified Chanel brand jewelry. Counterfeit Jewelry Seized…
Royal Enfield, a well-known motorcycle manufacturer, has recently made its entry into the online retail sector by offering its motorcycles for sale on Flipkart. Advancing its ventures in the e-commerce domain, the company has now disclosed its collaboration…
OpenAI is broadening the horizons of its ChatGPT capabilities. Instead of simply responding to inquiries and maintaining dialogues, the artificial intelligence system is now making its entrance into the e-commerce sector. The newly added Instant Checkout…
In a recent case of intellectual property rights violation, a man in Hanoi was found guilty of manufacturing and selling 200,000 fake Nike, Adidas, and Uniqlo socks. The counterfeit items were being retailed at wholesale prices between VND4,500–5,000…
Global giants Amazon and Alibaba are racing to recruit more Vietnamese vendors on their platforms seeking to boost their share of a booming e-commerce market. Amazon saw the number of Vietnamese merchants exporting at least $1 million worth of goods from…
South Korean big-box retailer E-mart will sell 13 store buildings and land to improve its financial situation. The firm will sell the properties to Mastern Investment Management for KRW952.48 billion (US$802.65 million) in the face of plummeting sales and…
Shoppers buying goods online from Television Broadcasts Limited’s Big Big Shop will be able to collect their purchases at any Circle K Convenience store across town. The click-and-collect service results from a partnership between TVB and Convenience Retail…
Hong Kong’s largest English- language bookseller, Dymocks, is to end its 15-year local presence in an industry battered by high rents and shifting reading habits. To view the full article (note: you must be an scmp.com subscriber), visit scmp.com. (From seven…
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