21 February 2020

Consumer & Gaming

  • With visual recognition technology, customers can place their purchases on a Circle K self-checkout counter and pay with Octopus card. Photo: YouTube

    Queue busting: Is AI the answer?

    - Oct 11, 2019 5:00pm
    The checkout process has remained unchanged for decades and stands as a significant pain point for both customers and retailers in Hong Kong – as long lines and weary staff all too often lead to lackluster...
  • Johnson & Johnson said it is confident the award will be overturned. Photo: Reuters

    Jury says J&J must pay US$8 bln in case over male breast growth

    Oct 9, 2019 9:21am
    A US jury said Johnson & Johnson must pay US$8 billion in punitive damages to a man who previously won US$680,000 over his claims that it failed to warn that young men using its antipsychotic drug...
  • Dayta AI, led by CEO Patrick Yu, has created a cloud-based video analytics platform that tracks and categorizes customers through network cameras.  Photos: HKEJ, Dayta AI

    HK-based AI startup aims to help businesses boost sales

    - Oct 4, 2019 4:02pm
    Marketing and sales activities are increasingly relying on analytical and quantitative tools nowadays among businesses around the globe, and Artificial Intelligence (AI) has emerged as one of the most hyped ways to improve product, pricing and...
  • Tiffany is among a group of luxury brands grappling with the US-China trade war. Photo: Bloomberg

    Tiffany sends top bling to China as consumers kept at home

    Oct 4, 2019 9:20am
    Tiffany & Co. is sending more of its priciest jewelry to mainland China to reach consumers kept at home by a weak currency, chief executive Alessandro Bogliolo said. “We follow our customers where they shop,” Bogliolo...
  • Wawa Planet has closed a deal to rent a three-storey property on Percival Street in Causeway Bay. Photo: Wawa Planet/Facebook

    A business that thrives even in these dark days

    - Oct 2, 2019 10:52am
    The start of the National Day “Golden Week”, normally a time when mainland tourists pour into Hong Kong’s shopping districts in full force, saw 30 shopping malls and 47 MTR stations shuttered on Tuesday. Instead of...
  • Johnson & Johnson said the settlement removes the company from a federal trial against multiple manufacturers and distributors scheduled to begin on Oct. 21. Photo: AFP

    J&J to pay US$20.4 million to settle opioid lawsuits

    Oct 2, 2019 10:07am
    Johnson & Johnson said it will pay US$20.4 million to settle claims by two Ohio counties in a lawsuit that accused the drugmaker of contributing to a US opioid addiction epidemic, Reuters reports. The company said...
  • WeWork's Adam Neumann has stepped down as CEO following the co-working space startup's stalled IPO. Photo: Reuters

    Why a growing number of CEOs are stepping down

    - Sep 30, 2019 5:38pm
    In just one day, on Wednesday last week, the chief executives of three global companies – WeWork, eBay and Juul – all resigned. What once seemed bewildering is no longer so. In fact, more than 1,000...
  • Forever 21 said the restructuring will allow it to focus on the profitable core part of its operations and shut some international locations. Photo: Bloomberg

    Forever 21 latest retailer to file for bankruptcy

    Sep 30, 2019 12:25pm
    Fashion retailer Forever 21 Inc. filed for bankruptcy on Sunday, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Inc., Reuters reports. Since the...
  • DoorDash said data was accessed by an unauthorized third-party service provider on May 4. Photo: DoorDash/Facebook

    DoorDash hack leaks data of 4.9 million customers, restaurants

    Sep 27, 2019 9:41am
    Meal delivery service DoorDash Inc. has disclosed a data breach, saying information related to 4.9 million customers, delivery executives and restaurants may have been leaked, Reuters reports. The data was accessed by an unauthorized third-party service...
  • Ride-hailing startup Gojek is venturing into video-streaming amid growing demand for original Indonesian entertainment content. Photo: Reuters

    Indonesia’s Gojek launches video-streaming platform

    Sep 26, 2019 12:25pm
    Indonesian ride-hailing and payments firm Gojek on Thursday launched a video streaming service, named ‘Goplay’, that features original movies and TV shows, Reuters reports. “We see that there’s a gap where people want to watch Indonesian...
  • Thomas Cook's collapse came amid debt woes as it faced intense competition from agile online players in the global travel arena. Photo: Reuters

    The rise and fall of Thomas Cook

    - Sep 26, 2019 11:08am
    Thomas Cook, the world’s oldest travel company, declared bankruptcy on Monday. After 178 years of being the biggest British name in holiday booking and inventing guided tours, the firm has gone bust. Founder Thomas Cook was...
  • Amazon's Jeff Bezos acknowledges the need for regulations in relation to use of facial recognition technology. Photo: Bloomberg

    Amazon working on facial recognition regulation: Bezos

    Sep 26, 2019 9:26am
    Amazon’s public policy team is working on proposed regulations around facial recognition, Chief Executive Jeff Bezos said on Wednesday. “Our public policy team is actually working on facial recognition regulations, and it makes a lot of sense...
  • Amazon said it will offer INLT’s cloud-based computing technology to its merchants. Photo: Bloomberg

    Amazon buys cloud startup INLT to help merchants import goods

    Sep 25, 2019 9:54am Inc. has bought technology startup INLT for an undisclosed amount, the company told Reuters on Tuesday, in a transaction that will help merchants on its online marketplace more easily import goods into the United States....
  • The initial public offering of the Asia-Pacific unit of Anheuser-Busch InBev NV, the world’s largest brewer, is the second-biggest globally so far this year. Photo: Reuters

    AB InBev Asia unit raises US$5 billion in Hong Kong IPO

    Sep 24, 2019 2:11pm
    AB InBev raised about US$5 billion in a Hong Kong IPO of the brewer’s Asia-Pacific unit after pricing it at the bottom of a marketed range, Reuters reports. The IPO of the unit of Anheuser-Busch InBev...
  • Thomas Cook's collapse leaves hundreds of thousands of holidaymakers stranded around the globe. Photo: Bloomberg

    Thomas Cook collapses as rescue talks fail

    Sep 23, 2019 10:29am
    Thomas Cook, the world’s oldest travel firm, has collapsed as the ailing British firm failed to secure a funding lifeline despite frantic last-minute negotiations with lenders. Chief Executive Peter Fankhauser said it is a matter of profound regret...
  • Thomas Cook warned that a recapitalization plan could mean shareholders losing all of their investment. Photo: AFP

    Thomas Cook scrambles for US$250 million to avert collapse

    Sep 20, 2019 4:08pm
    Britain’s Thomas Cook scrambled on Friday to find an extra 200 million pounds ($251 million) to satisfy its lenders and secure the survival of the world’s oldest holiday company. Last month Thomas Cook, the pioneer of...
  • McDonald's is expected to gain substantial benefits from its adoption of new technology. Photo: Reuters

    How technology is transforming McDonald’s operations

    - Sep 19, 2019 4:50pm
    McDonald’s posted a 20 percent rally year-to-date following a 35 percent jump last year, making it one of the best-performing blue chips in the US equity market. The fast-food giant reported US$7.5 earnings per share last...
  • 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...