Rethinking Southeast Asia: Why it’s not the next China or India
Oct 9, 2024 · Southeast Asia isn’t the next China or India. For years, Southeast Asia has been viewed largely through the same lens as China and India, with many assuming the region could follow a similar path of rapid economic growth and tech-driven expansion. Investors expected that scaling in Southeast Asia would require similar playbooks—heavy ...
Shein presses for London IPO, unfazed by rising controversies
Oct 7, 2024 · Shein, the Chinese-founded fast fashion giant known for its affordable, trend-driven apparel, is pushing forward with plans for an IPO in London. This move comes despite a litany of challenges that threaten to disrupt its global operations and affect its reputation. On October 4, the Financial Times reported that Shein’s elusive founder, Sky ...
The top six Chinese coffee companies in 2020 bringing caffeine
Apr 16, 2020 · The company currently has over 4,300 locations nationwide as of December 2019, and it is aiming for 6,000 locations by 2022. The companies keeping China caffeinated. Among the new coffee companies in China that have joined the race to challenge Starbucks, Luckin is the most well-known, with more than 4,500 stores as of December 2019.
The two lifelines that helped Nio pull through its toughest times
Jan 23, 2024 · The second one is particularly surprising. William Li has once again worked his magic. On December 27, 2023, Nio announced a strategic investment of USD 2.2 billion from Abu Dhabi investment firm CYVN. Coupled with CYVN’s previous investment of USD 1.1 billion in Nio back in July, the Chinese electric vehicle manufacturer raked in a total of ...
KrASIA | Spotlighting Asia’s next wave of innovations
Localization is key: Riding Indonesia’s e-commerce wave amidst social media boom. Inside the shopper’s mind: Exploring consumer behavior in Indonesia’s e-commerce landscape. SUTD concludes ESG Masterclass series with focus on social impact. Local perspectives on the risks and opportunities in Southeast Asia.
How Miniso’s global expansion and IP strategy are driving record ...
Sep 30, 2024 · With over 7,000 stores worldwide, Miniso saw record profits in the first half of 2024, driven by its overseas expansion and strategic use of IP partnerships. Miniso’s midyear financial report for 2024 is out, and it paints a picture of steady, significant growth. Both revenue and profit continue to surge, with gross profit margins reaching ...
Thai automotive sector has four years to adjust to China EVs, says ...
Oct 10, 2024 · Thai Summit’s chief has shrugged off fears about the domestic industry’s demise. Thailand’s leading private automotive parts manufacturer says local suppliers and Japanese carmakers still have at least four years to adjust to the arrival of Chinese rivals who have ignited a price war in the country with electric vehicles imported under ...
Anta Sports and Kyrie Irving’s father team up to conquer Western ...
Oct 4, 2024 · Anta Sports has taken another decisive step in its global expansion with the launch of the “Kai 1 Speed” basketball shoes, co-designed by Kyrie Irving’s father. On September 28, the exclusive “Twin Flame” colorway hit the shelves of more than 60 Foot Locker stores across North America and Europe, as well as DSG Footwear locations.
‘You need to be global and local at the same time’: TikTok
Jun 6, 2022 · Since its launch in 2016, TikTok has had frequent leadership changes.In April 2021, the short video giant saw yet another shuffle among its major executives. Shou Zi Chew was appointed CEO of TikTok while Vanessa Pappas took on the role of TikTok COO.
With Douyin looming, Meituan shifts focus back to its core
Apr 24, 2024 · Losses incurred by Meituan’s new business segments in Q4 2023 amounted to RMB 4.8 billion (USD 662.4 million), with an annual loss of RMB 20.2 billion (USD 2.78 billion) in 2023, the majority of which can be attributed to the Youxuan business. In contrast, Duoduo Maicai, another Meituan subsidiary, has nearly broken even.