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The Business Times - Find latest business & financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific & global market news and more at The Business Times. Find latest business & financial news including analysis and opinion on top business stories, stock markets in
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News
Nike, Lululemon, Shein woes: A silver lining in Singapore’s lack of listed consumer brands
2+ day, 16+ hour ago (149+ words) The local bourse doesn’t have exciting, paradigm-shifting brand names. It has boring – but solid – businesses [SINGAPORE] If you listen closely, you can almost hear the global retail hype deflating. Nike will be axed from the S&P 100 index in September…...
China orders entities not to assist EU's JD.com probe
3+ week, 3+ day ago (248+ words) EU cited concerns that JD.com might have received foreign subsidies that could distort the bloc’s market [BEIJING] China said on Wednesday (Aug 19) that a European Union investigation into Chinese e-commerce giant JD.com constituted “improper extraterritorial jurisdiction” and ordered…...
TikTok explores feature to send money over direct messages, extending financial services push
3+ week, 4+ day ago (662+ words) [NEW YORK] TikTok is exploring a feature that would allow users to send money to each other in direct messages, in a move that would extend the social media app’s push into financial services. The in-development feature, if launched, would…...
E-commerce is killing ‘real’ commerce, says China’s beverage king Zhong Shanshan
4+ week, 1+ day ago (1054+ words) Have e-commerce platforms become too powerful, and who ultimately pays the price? ON AUG 8, CCTV financial programme Dialogue aired its latest exclusive interview with Nongfu Spring founder Zhong Shanshan. The Chinese business magnate and former richest man was soon back…...
Rising fees are changing the role of South-east Asia’s e-commerce enablers
1+ mon, 3+ week ago (1464+ words) The economics of e-commerce have changed in recent years amid rising marketplace commissions FOR a long time, South-east Asia’s e-commerce enablers rode the region’s online shopping boom by helping brands do one thing better than anyone else: sell on marketplaces....
How Temasek is leveraging AI for better all-round performance
2+ mon, 3+ day ago (1518+ words) It plans to grow AI-linked investments from 6% to 15% of its portfolio, says Temasek Global Investments’ CEO [SINGAPORE] As markets remain caught up in the latest hype over SpaceX and artificial intelligence, investment company Temasek has been quietly focused on tapping…...
EU slaps 3-euro fee on cheap e-commerce parcels in blow to Shein, Temu, AliExpress
2+ mon, 1+ week ago (603+ words) [BRUSSELS/LONDON] Europe on Wednesday (Jul 1) took a first step towards curbing what it calls unfair competition from online retailers such as Shein, Temu and AliExpress by imposing a 3-euro fee on low-value e-commerce imports from China that previously entered…...
SingPost expects huge dip in low-value parcels to EU initially as customs duty takes effect
2+ mon, 2+ week ago (525+ words) [SINGAPORE] Singapore Post (SingPost) expects to see a “big drop” in low-value parcel volume to the EU after the three euro (S$4.40) customs duty becomes effective on Jul 1, as senders assess the impact on their shipping cost. This happened to…...
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
2+ mon, 2+ week ago (192+ words) The sector is maturing in the region, with players pivoting from scale to profitable growth [SINGAPORE] Recent job cuts by e-commerce players Lazada, Shopee and Amazon highlight a broader shift in South-east Asia’s maturing e-commerce sector. This comes as platforms…...
GameStop CEO drops US$35 billion pay plan to focus on eBay bid
2+ mon, 2+ week ago (336+ words) The video-game retailer will release additional materials regarding its proposed buyout of eBay this week [NEW YORK] GameStop chief executive officer Ryan Cohen withdrew a bonus plan that could have paid him as much as US$35 billion so that his…...