Date
17 September 2019

Consumer & Gaming

  • Tim Cook speaks at Apple’s annual fall event at the firm’s headquarters in Cupertino, California, on September 10. Photo: Reuters

    Apple’s fall event: It’s more than just about new iPhones

    - Sep 12, 2019 1:35pm
    Apple held its annual fall event on Tuesday, taking the lid off new products and services and aiming to generate excitement in the market ahead of the crucial holiday season.  As expected by many industry observers,...
  • Zozo’s founder Yusaku Maezawa will step down as CEO after selling most of his stake in the firm to Yahoo Japan. Photo: Reuters

    Yahoo Japan to buy control of online fashion retailer Zozo

    Sep 12, 2019 11:15am
    Yahoo Japan said on Thursday that it aims to buy 50.1 percent stake in online fashion retailer Zozo for about 400 billion yen (US$3.7 billion), Reuters reports. Zozo founder Yusaku Maezawa will sell around 30 percent...
  • King Fook sources products worldwide and invites VIPs to the shop to try them on. Photo: King Fook/Facebook

    Social unrest a wake-up call for local retailers

    - Sep 10, 2019 4:23pm
    People from all walks of life are being affected by the ongoing unrest in Hong Kong. But King Fook Holdings (00280.HK) has managed to buck the trend. Founded by the late Young Chi-wan in 1948, King Fook...
  • People watch a protest from a shop in Central on Sunday. Photo: Reuters

    Some HK hotels now offer cheapest rates in Greater Bay Area

    - Sep 9, 2019 12:42pm
    A room at a four-star hotel near Victoria Park is now cheaper than similar accommodation in Zhongshan or Zhuhai, and you can walk into a Michelin-rated restaurant without any booking, especially on a Sunday. Another sign of...
  • Chinese authorities are expected to unveil soon an amended law related to private education system. Photo: Bloomberg

    Will China ban VIE structure for education firms?

    - Sep 6, 2019 10:48am
    China’s educational sector stocks suffered a sharp slide on Tuesday after Liu Wei, president of Renmin University, suggested that authorities should ban education-related firms from listing shares overseas using Variable Interest Entity (VIE) structure, to safeguard...
  • Alibaba plans to let Kaola continue to operate independently under its current brand. Photo: Xinhua

    NetEase sells Kaola unit to Alibaba for US$2 billion

    Sep 6, 2019 9:51am
    Nasdaq-listed gaming giant NetEase Inc. has agreed to sell its Chinese e-commerce business Kaola to Alibaba Group Holding Ltd. for US$2 billion, Reuters reports. The long-rumored acquisition comes as China’s e-commerce players increasingly look to niche...
  • Mourners attend a vigil outside a Walmart store following a mass shooting in El Paso, Texas, on Aug. 6. The retailing giant has begun to respond to the debate on gun control. Photo: Bloomberg

    Walmart to stop selling ammunition for handguns, assault rifles

    Sep 4, 2019 9:40am
    Retailing giant Walmart will stop selling ammunition for handguns and some assault-style rifles in all its stores across the United States, responding to calls for action following a string of mass shootings in the country, including...
  • With 2019 releases likely to do better than expected and momentum to continue next year, “there’s probably still plenty of upside” for Activision, Barron's said. Photo: Bloomberg

    World of Warcraft nostalgia to boost Activision: Barron’s

    Sep 2, 2019 8:05am
    The initial reception for a re-launched version of a classic video game points to potential stock price growth of Activision Blizzard Inc., with new titles from key franchises also bolstering the company’s outlook, according to Barron’s....
  • Juul has come under scrutiny for its marketing efforts, including its use of social media influencers to promote its vaping devices, which have become extremely popular among teens. Photo: Bloomberg

    FTC probes marketing practices of e-cigarette maker Juul: report

    Aug 30, 2019 9:09am
    The US Federal Trade Commission is investigating the marketing practices of e-cigarette maker Juul Labs Inc., Reuters reports, citing a person briefed on the matter. Juul has come under scrutiny for its marketing efforts, including its...
  • Philip Morris wants to reunite with Altria to gain scale and pool resources in the development of alternative products. Photo: Bloomberg

    Tobacco giants Philip Morris and Altria in merger talks

    Aug 28, 2019 9:33am
    Marlboro maker Philip Morris International said it was in talks to reunite in a merger with Altria Group following its 2008 spin-off as the tobacco giants seek to pool resources in the fast-growing e-cigarette market, Reuters...
  • Oklahoma proved that Johnson & Johnson's misleading marketing and promotion of its Duragesic and Nucynta painkillers created a public nuisance, the judge said. Photo: Reuters

    J&J liable for US$572 mln in Oklahoma opioid epidemic trial

    Aug 27, 2019 9:19am
    An Oklahoma judge ordered Johnson & Johnson to pay US$572.1 million to the state for its part in fueling an opioid epidemic by deceptively marketing addictive painkillers, Reuters reports. The state’s attorney general had filed the...
  • Li Ning has seen a resurgence in its popularity among young Chinese consumers. Photo: Li Ning

    Li Ning’s dramatic comeback

    - Aug 26, 2019 12:28pm
    Sportswear firm Li Ning (02331.HK) has seen its share price surge 180 percent over the past 12 months as the brand has regained its popularity among young Chinese consumers. Li Ning now has a market cap of...
  • Nike is striving to build closer connection with customers through digital and other initiatives. Photo: Bloomberg

    Nike steps up direct-to-consumer push

    - Aug 21, 2019 12:59pm
    Amid a paradigm shift in retail management, companies have been under growing pressure to pursue digital transformation and adopt Big Data-related business models. Among the consumer-driven firms that have embraced such path early on is global...
  • Hong Kong is the biggest foreign market for Swiss timepieces, absorbing 13.5 percent of the exports by value in July. Photo: Bloomberg

    Violent protests blamed for decline in Swiss watch exports to HK

    Aug 20, 2019 3:33pm
    Swiss watch exports to their top market Hong Kong fell a modest 1.3 percent in July amid violent anti-government protests that have weighed on watch sales, Reuters reports. That was a sharp improvement from the 27...
  • The US appeals court upheld a 2017 ruling by the US Tax Court related to intangible assets that Amazon.com transferred in 2005 and 2006 to the unit, Amazon Europe Holding Technologies SCS. Photo: Bloomberg

    Amazon.com defeats IRS appeal in US tax dispute

    Aug 19, 2019 9:06am
    Amazon.com Inc. defeated an appeal by the US Internal Revenue Service in what the online retailer has called a US$1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary, Reuters reports. In a...
  • L’Oreal was ordered to pay US$91.4 million for stealing trade secrets from California startup Olaplex. Photo: Bloomberg

    Olaplex’s legal win over L’Oreal a morale boost for startups

    - Aug 15, 2019 9:09am
    L’Oreal SA, the world’s largest beauty company, was ordered by a US federal jury to pay US$91.4 million for stealing trade secrets from California startup Olaplex. Olaplex had accused the French giant of stealing its technology...
  • Donald Trump said he decided to delay new tariffs on Chinese goods in order to reduce their impact on US holiday shoppers. Photo: Reuters

    Trump delays tariffs on some Chinese goods

    Aug 14, 2019 9:10am
    The Trump administration announced on Tuesday that new tariffs on some Chinese goods will be delayed from the previous schedule of Sept. 1, a move aimed at blunting their impact on US holiday sales  The delay,...
  • Responding to criticism from China, Coach has apologized for the design of a T-shirt which identified Taiwan as a country. Photo: Bloomberg

    Coach, Givenchy in hot water over China T-shirt row

    Aug 12, 2019 4:02pm
    Chinese brand ambassadors of fashion labels Coach and Givenchy have severed ties with the firms over products which they said violated China’s sovereignty by identifying Hong Kong and Taiwan as countries, Reuters reports. The brands are...
  • Uniqlo has close to 190 stores in South Korea where it sells around 140 billion yen (US$1.3 billion) of clothes annually, or 6.6 percent of its revenue. Photo: Bloomberg

    South Korea boycott hitting Uniqlo sales

    Aug 9, 2019 11:36am
    A boycott on Japanese goods in South Korea has had an impact on casual clothing chain Uniqlo’s sales in the country, highlighting the widening economic hit from a diplomatic row over Tokyo’s wartime role, Reuters reports....
  • China’s per capita coffee consumption is about six cups a year, compared to 400 in Japan and 300 in South Korea, Nestle said. Photo: Reuters

    Nestle starts selling Starbucks-branded coffee in China

    Aug 8, 2019 2:05pm
    Food giant Nestle on Thursday started selling Starbucks-branded coffee in mainland China, Reuters reports. Nestle last year paid US$7.15 billion for exclusive rights to sell the US chain’s coffees and teas globally, and began selling Starbucks-labelled...