Charmaine Tadalan

Alibaba group net income soars over 130% in December quarter

This is despite softer demand as well as supply chain and logistics disruptions. 

What millennials and Gen Zs spend on most

ZALORA finds younger consumers are becoming more interested in sports-related products. 

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. 

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.

adidas sees US$746m loss in 2023

This is due to the “adverse impact” of the Yeezy write-off.

L’Oreal posts 6.6% sales growth in North Asia in 2022

Its sales amounted to €11.32b (US$12.07b). 

Hong Kong retail sales to climb by 13% in 2023: report

It is projected to amount to HK$395b (approximately US$50.3b). 

24-hour beauty: Coty SEA blends physical and digital space for limitless store access

Coty SEA stores offer services that give the same customer experience online.

Luxury sales in China to rebound to 2021 levels this year

This comes after the luxury market contracted in 2022. 

China’s luxury market sees more ‘Very Important Clients’ despite 2022 contraction

VIC sales were higher than the 40% global average, Bain & Company reported. 

China’s luxury market contracts by 10% in 2022

This is the first time the market shrunk in the last five years.