Asia Economy
How China’s Shein became more valuable than H&M and Zara combined
Shein is a Chinese fashion e-commerce company that’s outperforming many of its competitors. Its reported valuation in April 2022 was $100 billion – more than H&M and Zara combined. Chinese e-commerce company Shein took the top spot as the most downloaded app in the United States in May, according to a report from intelligence firm Marketplace […]
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Self-driving car companies’ first step to making money isn’t robotaxis
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to cash in. It’s a […]
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Apple will reportedly move some iPad capacity to Vietnam after China lockdowns
People walk past an apple store in Wangfujing with iPhone 13 series advertisement on a big screen. Sheldon Cooper | LightRocket | Getty Images Apple is moving some of its iPad production to Vietnam from China after supply chain disruptions stemming from coronavirus lockdowns have contributed to product and parts shortages, Nikkei Asia said Wednesday. […]
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India is better positioned to weather food inflation, says official
India is relatively better positioned to weather the global rise in food prices, the country’s chief economic advisor V. Anantha Nageswaran told CNBC’S “Street Signs Asia” on Wednesday. “It is a tricky situation … for many countries, but India is relatively better placed because of the fact that there is ample availability of food grain, […]
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Indonesia saw a strong tourism rebound in the first quarter of 2022, says minister
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Future Tech Asia Sandiaga Uno, Indonesia’s minister of tourism and creative economy, says it is removing some Covid-19 measures as foreign tourists return. 02:18 an hour ago Source
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Japan wants to boost domestic tourism, says industry body
Tadashi Shimura of the Japan Association of Travel Agents discusses the country’s travel outlook. Source
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Australia’s economy held up well in Q1, more growth ahead
Residents shop at a supermarket in Canberra on August 12, 2021. Australia’s economy held up better than expected in the first quarter as strong domestic demand offset the drag from dismal weather and a flood of imports, setting the scene for more inflation-fighting hikes in interest rates. Rohan Thomson | Afp | Getty Images Australia’s […]
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India sees a second chance to pivot to the Indo-Pacific in new group that excludes China
U.S. President Joe Biden (R) here seen reviewing an honor guard with Japanese Prime Minister Fumio Kishida in Tokyo, released an economic framework during his visit to Japan last week. The IPEF came as a lifeline for India, which had stayed out of a China-centric pact consisting of Southeast Asian nations in 2020. Pool | […]
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Malaysia will, barring some caveats, ‘absolutely not’ close its borders again, says health minister
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Khairy Jamaluddin, Malaysia’s health minister, says the country must send a signal to the world that it’s open for business and isn’t backtracking on that. Source
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Indian and Chinese stock markets could grow fourfold by 2050, Abrdn CEO says
A guard walks past the National Stock Exchange building in Mumbai, India, on February 9, 2018. Danish Siddiqui | Reuters Indian and Chinese stock market capitalization may grow fourfold by 2050 as Asia turns from “laggard to leader” in the climate transition, according to Abrdn CEO Stephen Bird. In a letter seen by CNBC marking […]
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