Staff Reporter
Alibaba group net income soars over 130% in December quarter
Alibaba group net income soars over 130% in December quarter
This is despite softer demand as well as supply chain and logistics disruptions.
South Korean restaurants feel the pinch of surging delivery costs
Higher demand for food delivery workers has ramped up the cost of labour in the industry.
Tmall launches perfume advising services
Nearly 200 customers tried out the service on its launch.
Weekly News Wrap: High inflation a boon for Aussie supermarkets; PDD splashes on Super Bowl ad for US site
And Uniqlo ramps up marketing campaigns in the US.
Vietnam’s retail sector shows signs of recovery: report
Retail sales in the country rose 20% in January.
What millennials and Gen Zs spend on most
ZALORA finds younger consumers are becoming more interested in sports-related products.
South Korean department stores enjoy sales rebound
Many reported growth in sales from foreign customers.
Central Retail invests US$1.45b in Vietnam operations
The company plans to generate some US$4.3b in sales by 2027.
E-commerce trends brands need to keep an eye on
Two in three shoppers in Singapore browse online platforms daily.
Pharrell Williams is Louis Vuitton’s new Men’s Creative Director
The musician will assume the post immediately.
What mode of payment Filipino buyers prefer most
Cards were used in over half of the e-commerce transactions in 2022.
Suntory Group posts nearly 20% profit growth in 2022
Its profit stood at JPY136.2b, approximately US$1.01b.
Experts on adopting ESG standards: Rebuild supply chain and business models, prioritise sustainable and ethical practices
As consumers become more conscious of ESG issues, companies must keep up with this shift by becoming "listening organisations" and focusing on ESG practices.
Starbucks to open 400 stores in APAC in 2023
Its newly-opened 5,000th store is located in Gwanyang-si, South Korea.
Philippines’ baby food market to shrink by 4.5% annually until 2028
This is due to the lower childbirth rates and rising inflation.
Redbubble faces inflation-led headwinds despite cost-cutting
Investors have turned bearish because of changes in consumer behaviour.
Singapore Furniture to ramp up support to businesses, employees
This came following Finance Minister Wong’s call for businesses to upgrade.