News

Nearly 1 in 5 holiday e-commerce transactions in HK flagged for fraud

65% of consumers plan to make over half of their holiday purchases online.

Vietnamese consumers increase spending activities

Inbound tourist spending on luxury retail in Vietnam has grown by 168% since 2019.

Multifunctional cosmetics demand boosts sunscreen use in APAC

It is driven by younger generations, who are more attuned to the risks of sun exposure

Singapore's retail sector faces increased cyber threats this holiday season

The majority of breaches were caused by system intrusions and social engineering.

Gen MZ drives South Korea’s second-hand luxury boom

This shift is driven primarily by younger generations.

Walmart partners with Meituan to boost e-commerce in China

Meituan will provide delivery services for Walmart products.

Mars sets 2030 target for fully segregated cocoa in products

It will only use cocoa from farms in the program or certified by approved bodies.

FairPrice Group extends discount schemes through 2025

A key initiative is the continuation of the discount scheme for CHAS Orange cardholders.

Diamond industry heading towards turning point: McKinsey

The younger consumer base will lean towards an ethically sourced diamond.    

Over 80% of Chinese consumers now consider wellness a top priority

85% said they purchased more in the healthy-aging category.

Competition for ultra-fast food delivery in India fiercer as demand grows

However, challenges include maintaining food quality during expedited deliveries.

ASEAN-6's e-commerce export revenue to reach US$30.4b by 2028

However, 90% of MSMEs lack understanding of foreign export regulations.

IKEA’s expansion to New Zealand on track for 2025 opening

It will be IKEA’s first new market since 2020 when it opened in Slovenia.

Alibaba to sell department store unit for $1.3b loss

The sale will result in a $1.3b loss as Alibaba shifts focus back to its core e-commerce business.

Over half of Mainland China’s luxury shoppers to increase purchases in 2025

In Hong Kong, only 48% of luxury consumers share the same sentiment.