News
Alibaba’s net income drops 53% YoY to $3b in Q2 2022
Alibaba’s net income drops 53% YoY to $3b in Q2 2022
This is affected by the decline in the income from operations, amongst others.
ShopBack to expand footprint to Hong Kong on 8 August
Over 250 merchants in Hong Kong have onboarded ShopBack.
Robinson Retail net income doubles in Q2
The company recorded a 124% net income growth to P1.68b.
SMIC net income jumps 27% YoY to $457.6m in H1 2022
It is supported by the strong retail activity due to higher foot traffic in malls.
E-commerce market to reach over $20t by 2025
The market will be led by sportswear brands Nike, and Adidas.
Tmall Global to incubate 1,000 international brands
It seeks to support the brands in marketing and cross-border logistics.
Fashion house Max Mara launches store on JD Luxury
The store released a T-shirt exclusively on the platform.
Philippines’ SMFB posts 8% net income growth in H1
The company also saw its highest level of revenue and profitability since 2018.
Australia’s retail sales up 1.4% in Q2
This is the third consecutive growth since Q4 2021.
Weekly News Wrap: Alibaba deems last year 'most severe' in decades; Zomato plunges as share lock-in period ends
And Japan’s Sankyo Seiko to purchase a French luxury fashion house.
Canada-based Lululemon launches on JD's platform
The athletic apparel store offers love-themed clothing for Chinese Valentine’s Day.
Central Retail launches megaproject ‘Tops CLUB’
The project seeks to bring a global household shopping experience.
UNIQLO launches campaign to urge customer participation in sustainability initiatives
Customers can buy items made from recycled materials and join coastal clean-ups.
Philippine brand BALAI net income soars to P9m in Q2
This is up from P2m in the same period last year.
ZALORA, adidas partner to launch pop-up store in Singapore
The store in Bugis Junction is open from 3 to 12 August.
FedEx continues expansion with New South China Operations Centre
This is in partnership with the Guangdong Airport Authority Logistics Company.
JFC expands China presence with 9th Tim Ho Wan store
The company plans to open 10 more in the market.
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Retail Asia Awards 2025 Winner: Karen Chan of FairPrice Group
Karen Chan, Chief Customer Officer at FairPrice Group, shares how Link Rewards keeps benefits simple, visible, and valuable.
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From shoplifting to safety: How tech is empowering APAC’s retail workers