Date
17 August 2018

Consumer & Gaming

  • Kroger will begin selling some products on Alibaba's e-commerce platform in a bid to reach Chinese consumers. Photo: Reuters

    Kroger teams up with Alibaba for China grocery sales

    Aug 15, 2018 9:37am
    American supermarket chain Kroger has partnered with Alibaba Group to sell nuts, supplements and other products in China, venturing outside the United States for the first time. Kroger’s Simple Truth brand natural and organic products, which...
  • Cutting taxes will help stimulate domestic demand and offset any adverse impact from the trade war with the United States. Photo: Reuters

    How tax policy can help China fight trade war

    - Aug 14, 2018 1:00pm
    What could Beijing do to offset the adverse impact of the escalating US-China trade war? Fighting back with tariff hikes or limiting the damage by further depreciating the renminbi may not work well. I believe cutting taxes...
  • China's Fosun has found that it has burnt its fingers by investing in Athens-listed Folli Follie, which has been accused of falsifying its financial information. Photo: Bloomberg

    Fosun learns a bitter lesson from Folli Follie fraud

    - Aug 10, 2018 4:30pm
    Fosun International (00656.HK) founder Guo Guangchang discovered recently that he had stumbled badly on his investments in Greek luxury jewelry and handbag maker Folli Follie. Earlier this month, Greece’s securities regulator slapped a 4 million euro...
  • Alibaba Group wants to merge its food delivery units such as Ele.me as part of efforts to gain dominance in China’s booming on-demand services market. Photo: Reuters

    Alibaba plans to merge China food delivery units: report

    Aug 8, 2018 9:13am
    Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, Reuters reports, citing sources. The...
  • Luckin Coffee is stepping up the heat on Starbucks in the China market through low prices and super-fast delivery service. Photo: Sina

    Starbucks China forced to respond to Luckin’s delivery challenge

    - Aug 6, 2018 4:39pm
    Quite often in China, if you want the business, you have to adapt to the local practice and local taste. This appears to be true as well for the top global coffee chain Starbucks. The advent...
  • Heineken will take a 40 percent stake in CR Beer for HK$24.35 billion, giving the Dutch brewer a strong distribution network in China and greater access to one of the world’s fastest-growing premium beer sectors. Photo: Bloomberg

    Heineken seals US$3.1 billion tie-up with China Resources Beer

    Aug 3, 2018 12:45pm
    Heineken NV has struck a US$3.1 billion partnership with a company that controls China’s largest brewer, China Resources Beer Co. Ltd. (00291.HK), Reuters reports. The deal will see Heineken, the world’s No. 2 brewer, take a...
  • Third-party merchants business is much more profitable for Amazon that its own direct sales. Photo: Bloomberg

    Third-party merchants drive Amazon profit growth, besides cloud

    - Aug 2, 2018 3:54pm
    Amazon, the world’s second most valuable company, announced last week a whopping 39 percent rise in second-quarter revenue, at US$52.9 billion. The online behemoth booked US$2.5 billion in profit for the three months, up 12-fold from...
  • Walmart will defend itself in a court against claims by a California-based firm that the retail giant stole some technology that helps prolong the shelf life of fresh produce. Photo: Bloomberg

    Walmart accused of stealing tech related to produce shelf life

    Aug 2, 2018 9:41am
    A Silicon Valley company has filed a US$2 billion lawsuit against Walmart, accusing the retail giant of stealing its technology related to prolonging the shelf life of produce and reducing spoilage. In its complaint, Zest Labs...
  • Asus has been fined 63.5 million euros for breach of EU competition rules. The Taiwan firm was one among four global consumer electronics groups that were slapped with penalties. Photo: Bloomberg

    Philips, Asus, two others hit with EU e-commerce fines

    Jul 25, 2018 9:18am
    EU antitrust regulators on Tuesday announced penalties totaling 111.2 million euros (US$130 million) on Philips, Asus, Pioneer and Denon & Marantz for alleged breach of competition rules. The consumer electronics companies firms were slapped with fines after they...
  • Vinda chairman Li Chao Wang (center) is flanked by chief executive Christoph Michalski and CFO Vicky Tan at the announcement of the company's interim results on Thursday. Photo: EJ Insight

    Vinda interim profit up 30.1 percent despite soaring pulp prices

    - Jul 19, 2018 5:48pm
    Vinda International Holdings Ltd. (03331.HK), a maker of tissue and other personal care products, said net profit in the first half jumped 30.1 percent to HK$417 million from a year earlier, despite rising pulp prices. Revenue...
  • Vatti's pledge to refund buyers of its products should France win the World Cup would cost the firm 79 million yuan, a small sum compared to its huge marketing expenses. Photo: Vatti

    Vatti’s World Cup bet on France: a win or a loss?

    - Jul 18, 2018 8:31am
    Vatti Corp., a leading vendor of kitchen appliances that sponsored France in the just-concluded FIFA World Cup, had promised to fully rebate customers who bought its products under the Champion Plan from June 1 to July 3...
  • McDonald's classic Big Mac is 53.8 percent cheaper in Hong Kong than in the United States, according to The Economist's latest edition of the Big Mac Index.  Photo: Bloomberg

    Why Big Mac is undervalued in Hong Kong

    - Jul 13, 2018 11:53am
    Local burgers are getting more expensive, although they still offer one of the cheapest meal options in pricey Hong Kong. That’s according to The Economist’s latest edition of the Big Mac Index, which shows that the...
  • J&J says it will appeal a verdict by a Missouri jury in relation to claims of asbestos in its talc products. Photo: Bloomberg

    J&J ordered to pay US$4.7 bln in asbestos cancer case

    Jul 13, 2018 10:05am
    A Missouri jury ordered Johnson & Johnson to pay US$4.69 billion to 22 women who alleged the firm’s talc-based products contain asbestos and caused them to develop ovarian cancer, Reuters reports. The penalty Thursday is the...
  • Nike versus Adidas: edge-of-the-seat excitement at FIFA World Cup 2018. Photo: Reuters

    Nike leads Adidas 4-3 in World Cup

    - Jul 5, 2018 11:17am
    So who will take the 2018 World Cup? Our answer: It is most likely that a Nike-sponsored team will lift the Coupe du Monde trophy on July 15. That is because the top three teams are...
  • Many youngsters in the mainland are so addicted to Vita Lemon Tea Drink that they consume several packs a day. Photo: HKEJ

    Vitasoy shares surge on refreshing lemon tea sales in China

    - Jun 26, 2018 9:19am
    Hong Kong beverage firm Vitasoy International Holdings (00345.HK) has been promoting its signature milk products on the mainland over the last two decades, but it is the company’s lemon tea drink that has become most popular...
  • 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 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...
  • 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...

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