AliExpress, the international online retail platform of Alibaba, has been in talks to invest US$72.4 million to acquire a 5 per cent stake in Ably Corp.

The Hong Kong Monetary Authority’s SME information platform is part of its ongoing efforts to help SMEs affected by the shift in consumer and tourist spending patterns.

Hong Kong’s economic recovery is slowly filling up retail spaces, pushing vacancy rates to a three-year low. The rebound, however, is bypassing the northwestern part of the city in Yuen Long and Sheung Shui.

Jewellery chain Chow Tai Fook promises more technology-led shopping because ‘that’s what younger customers want’.

‘It’s overall a pretty outstanding location, and pretty outstanding locations will be successful,’ Christian Ulbrich says.

Hang Lung Properties is targeting discerning Chinese consumers’ penchant for luxury goods as it prepares to undertake the expansion of its flagship mall in Shanghai.

China must emphasise modern services in its push for new productive forces, Sheng Songcheng says, flagging the need for a hi-tech, high-quality service sector.

The grievances raised by the All India Mobile Retailers Association show the current precarious position of OnePlus’ business in the world’s second-largest smartphone market.

Zando Global was launched on Thursday in the hopes of taking on the fast-fashion Chinese e-commerce retailers at home.

The app marks the latest effort by Alibaba to improve users’ experience on its various online platforms via augmented and virtual reality technologies.

Vice-chairman Sonia Cheng says overhaul aims to ‘set the course of the group’s future’, with fresh logo and online shopping improvements among changes.

Organic revenue at LVMH’s fashion and leather goods unit, its biggest division, rose 2 per cent in the first quarter, down from 18 per cent growth a year ago and falling short of analysts’ estimates of 3.2 per cent.

In Indonesia, beauty brands owned by French cosmetics giant L’Oreal are being spurned in favour of Chinese and local alternatives, as the boycotts bite into the profits of Starbucks Malaysia and McDonald’s.

Global fashion retailer Ralph Lauren will explore the ‘still significant’ growth opportunities in China’s key cities as it expands in a ‘disciplined and sequenced’ manner.

Richard Liu Qiangdong’s avatar is expected to host more live-streaming shows in the future, as JD.com touted that its AI-powered virtual streamers cover more than 4,000 brands.

Ahead of China’s quarterly GDP release, survey figures reflect how difficult times have been for half a billion Chinese people, and where their priorities now lie.

Singapore’s food safety watchdog says a product marketed as confectionery with claims of male sexual-enhancement effects contained a potent prescription medicine used to treat erectile dysfunction.

This year at the luxury watch fair, Rolex skipped new model lines in favour of variants of tried-and-true favourites, striving for ‘harmonies of materials, colours and textures’

Gold markets in China have been inundated with a throng of new buyers, looking to put their money into a commodity which has skyrocketed in value as other investments have lost their lustre.

Alibaba scales back an ambitious business overhaul plan and bids farewell to a turbulent year, as its founders call on employees to embrace changes.

OnePlus, a sub-brand of Oppo, is facing a slew of complaints related to low profit margins and warranty claims in India.

The hotel in the Azabudai Hills complex neighbours an upscale outdoor mall and is not far from Tokyo Tower – it also introduces the Janu brand’s more urban identity where buzziness blends with seclusion

The municipal government of the city in eastern Jiangsu province unveiled a three-year plan to attract cross-border e-commerce projects.

China’s consumer price index grew only slightly in March, while factory-gate prices fell for the 18th straight month, underscoring the need to speed up interest rate cuts, analysts said.

Singapore e-commerce giant Shopee has joined Amazon, Lazada and Qoo10 at the top of the city state’s anti-scam rankings.

The city’s commercial real estate market recovered partially in the first quarter of 2024 and is gearing up for further stabilisation this year as a rebound in consumption and policy support drive demand for leasing and investment, analysts say.

Subsidies will be given to an initial batch of 1,000 Chinese brands and merchants who sign up for the AliExpress programme.