Date
23 June 2018

Consumer

  • Yat Lok Barbecue Restaurant fetched HK$82.8 million in a deal as juicy and crispy as a platter of goose barbecue. Photo: HKEJ

    Famous goose barbecue restaurant closes juicy deal

    - Jun 15, 2018 11:26am
    In the restaurant business, how many dishes does one have to prepare and sell in order to reach HK$100 million?  A lot, you will say. And probably not even several lifetimes of hard work and the...
  • The US Supreme Court ruled 9-0 that the lower court gave too much deference to Chinese government filings explaining China’s regulatory policy in the antitrust case. Photo: AFP

    US Supreme Court sides with Trump in China antitrust case

    Jun 15, 2018 9:24am
    The US Supreme Court sided with the Trump administration in a trade row between the world’s two largest economies, throwing out a lower court ruling that had allowed two Chinese vitamin C makers to escape US$148 million...
  • The 2018 FIFA World Cup will kick off in Russia on Thursday. Photo: Reuters

    Chinese brands sub for national soccer team in World Cup

    - Jun 12, 2018 5:51pm
    Bai Yansong, China’s top TV anchor, hits the nail right on the head. He says everyone has gone to the 2018 FIFA World Cup in Russia, except the national soccer team. There’s no use rubbing it...
  • Kate Spade built a fashion empire on the popularity of her signature handbags before selling the brand. Photo: Reuters

    Fashion designer Kate Spade found dead by hanging at 55

    Jun 6, 2018 7:12am
    Kate Spade, the designer who built a fashion empire on the popularity of her signature handbags before selling the brand, was found dead in her New York City apartment in what police suspect to be a...
  • Howard Schultz, when asked about a US presidential run, said: “I intend to think about a range of options, and that could include public service." Photo: Reuters

    Starbucks’ Schultz to quit, US presidential bid rumors fly

    Jun 5, 2018 8:41am
    Howard Schultz is stepping down as executive chairman of global coffee chain Starbucks Corp., effective June 26, fueling speculation that the outspoken, liberal-leaning executive will make a US presidential bid, Reuters reports. Schultz, 64, over roughly...
  • Bayer last week won US approval for the Monsanto takeover, clearing a major hurdle for a deal that will create by far the largest seeds and pesticides maker. Photo: AFP

    Bayer launches US$7 billion cash call to fund Monsanto deal

    Jun 4, 2018 8:29am
    Bayer launched a 6 billion euros (US$7 billion) rights issue on Sunday, a cornerstone of the financing package for its planned US$62.5 billion takeover of seeds maker Monsanto, Reuters reports. The German drugmaker last week won...
  • A file photo shows Monster ScreenClean and other accessories on display at a store in California. The company plans to integrate blockchain technology to its e-commerce website. Photo: Bloomberg

    Monster Products plans US$300 mln ICO

    Jun 1, 2018 9:37am
    Headphone maker Monster Products plans to raise up to US$300 million in an initial coin offering, Reuters reports, citing a regulatory filing. The California-based company will offer up to 300 million “Monster money tokens” (MMNY) in...
  • Starbucks' mega store in Shanghai often sees people waiting in queue before the opening hour. Photo: China Daily

    How to invest amid changing consumer tastes

    - May 31, 2018 11:06am
    The future belongs to the young generation. Understanding what they want is the key to getting a grip on the emerging trends and investment opportunities that will unfold. Take a few examples from the consumer goods...
  • Healthcare is a 'strategically important' business area for the Alibaba Group, says CEO Daniel Zhang. Photo: Bloomberg

    Alibaba injects pharmacy assets into healthcare unit

    May 30, 2018 9:10am
    E-commerce giant Alibaba Group said on Tuesday that it will inject some of its online pharmacy business into a listed unit in a deal valued at HK$10.6 billion (US$1.35 billion). Under the deal, Alibaba Health Information...
  • Carrefour China has opened its first 'smart store', thanks to a partnership with internet giant Tencent. Photo: Bloomberg

    Tencent steps into smart retail with Carrefour

    May 25, 2018 1:27pm
    Four months after announcing a cooperation agreement with French supermarket chain Carrefour in China, internet giant Tencent has marked an important milestone in a push related to ‘smart retail’. Combining its technological strengths with the retailing...
  • It is estimated that over 75 percent of the total growth in global luxury spending, over US$65 billion, could be due to purchases made by Chinese consumers, either at home or abroad. Photo: Reuters

    Chinese consumers continue to drive global luxury M&A

    - May 24, 2018 10:22am
    In recent years, China has become a major player in the global luxury M&A market. Increased consumer spending, driven by a growing middle class and newly created wealth, has created a significant incentive for Chinese corporations...
  • Deputy Prime Minister of Russia Vitaly Mutko in a World Cup 2018 press conference. Photo: Reuters

    Battle of the Brands: Who’ll be the winners of Russia 2018?

    - May 23, 2018 11:51am
    With football’s World Cup a matter of weeks away the world’s attention has already started shifting towards Russia, with all eyes increasingly focused on the likes of Moscow’s Luzhniki Stadium and Saransk’s Mordovia Arena. The Luzhniki...
  • Sony Corp's President and CEO Kenichiro Yoshida address a news conference at the company's headquarters in Tokyo on Tuesday. Photo: Reuters

    Sony buys additional 60% stake in EMI Music for US$2.3 bln

    May 23, 2018 9:07am
    Sony Corp said on Tuesday that is acquiring an additional 60 percent stake in EMI Music Publishing in a US$2.3 billion deal that will help the Japanese firm become the world’s largest music publisher. The acquisition,...
  • Haidilao is known not only for its excellent Four Seasons-type of hotpot but also for its legendary customer service. Photo: Bloomberg

    Haidilao is hot pick for hotpot and IPO

    - May 18, 2018 1:48pm
    The name is hot, and the IPO is probably hotter. Hotpot chain Sichuan Haidilao Catering has filed for an initial public offering in Hong Kong, seeking to raise up to US$700 million. Sichuan province, in southwestern...
  • Taiwan e-commerce companies are looking overseas as more new players enter the market. Photo: Bloomberg

    Why Taiwan e-commerce firms are eyeing overseas expansion

    - May 17, 2018 1:36pm
    E-commerce is gaining strong momentum around the world. Amazon.com has become one of the world’s most valuable companies. In China, Alibaba’s Taobao and Tmall platforms are towering leviathans in their field. And in Taiwan, the market is dominated...
  • Johnson & Johnson has again stressed that its baby powder never contained asbestos, a known carcinogen linked to mesothelioma. Photo: Bloomberg

    J&J defends itself in new case related to baby powder

    May 15, 2018 10:24am
    Johnson & Johnson (J&J) defended itself in a new trial in the United States on claims related to its talc-based products, stressing that its widely-used baby powder never contained asbestos, a known carcinogen linked to mesothelioma. As...
  • Tadashi Yanai, chairman of Fast Retailing, the company behind the Uniqlo casual-wear chain, has spoken about the importance of creative communications in boosting the brand’s prospects. Photo: Bloomberg

    Why Fast Retailing hired a former magazine editor

    - May 14, 2018 5:02pm
    Fast Retailing, owner of the Uniqlo casual-wear brand, announced early this month that Takahiro Kinoshita, former editor-in-chief of leading Japanese fashion and culture magazine Popeye, has joined the company, taking up a senior position among the...
  • Apart from its core online retail operations, Flipkart's logistics and payments businesses offer new areas of growth, says Walmart. Photo: Reuters

    Walmart buys 77% stake in India’s Flipkart for US$16 bln

    May 10, 2018 9:44am
    Walmart has agreed to buy around 77 percent stake in Indian e-commerce firm Flipkart for US$16 billion, marking the US retailer’s largest-ever deal and setting the stage for a fierce battle with Amazon in a key...
  • Walmart said it will use other delivery service providers in the four markets where it had previously used Uber. Photo: AFP

    Walmart’s delivery tie-ups with Uber, Lyft terminated: Reuters

    May 9, 2018 9:20am
    Walmart Inc.’s online grocery delivery partnerships with ride-hailing services Uber and Lyft have ended, Reuters reports, citing to two unnamed sources. The end of the Walmart partnerships could be a potential setback for the retailer’s ambitions...
  • Amazon's bid to nurture an entire ecosystem around its e-commerce platform is paying rich dividends, offering a lesson to other online retailers. Photo: Reuters

    What HKTV can learn from Amazon

    - Apr 30, 2018 1:57pm
    Amazon.com which reported last week yet another forecast-beating quarter, has proved that it is now much more than just a transaction platform for buyers and sellers. Demonstrating its strengths beyond the core business of online retail, the...

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