China Evergrande says boss suspected of ‘illegal crimes’
China Evergrande Group also said that the trading of its shares on the Hong Kong Stock Exchange has been suspended from 9:00 am on Thursday, and will remain suspended until…
Corporate Buzz
TIkTok laments Indonesia’s social media commerce ban
Leveraging the platform’s rise in popularity, TikTok Shop had become the fifth-largest e-commerce platform in Indonesia by the end of last year despite its recent launch.
WeTV unfolds plan to bring original Thai content to the world
Collaborating with business partners, appointing megastar Zhao Lusi as its global brand ambassador, and taking innovative steps to improve user experience, are among WeTV's key…
Pop Mart banks on its first global theme park in Beijing for growth
According to its first half-year report this year, Pop Mart posted a revenue of 2.84 billion yuan and a net profit of 535 million yuan.
SK Telecom to triple investment in AI
The telecom giant's chief Ryu Young-sang introduced the firm's new "AI pyramid strategy," which focuses on three major areas: AI infrastructure, AI transformation and AI service.
Maker of Dassai Sake holds ceremony for completion of New York brewery
Asahi Shuzo Co. will begin selling Dassai Blue at retailers and restaurants on September 25. The company will also consider selling more expensive versions, and hold tours of the…
China’s new-style tea market seen exceeding 200 billion yuan
Targeting young consumers, new-style tea drinks such as cold brew tea, tea latte, fruit tea and cheese tea, often use fresh ingredients and are made with innovative recipes and…
Huawei wants its AI chips to provide ‘second option for the world’
Fresh from a breakthrough in its smartphone business, Huawei announced an upgraded supercomputer designed to crunch large amounts of data.
Alibaba plans to invest $2 billion in Turkey
Alibaba president Michael Evans also said Alibaba has invested $1.4 billion in Turkey through its unit Trendyol, one of Turkey's best-known e-commerce platforms
Disney eyes licensed product growth in China
Disney will assess the possibility of cross-border collaboration in terms of product development, distribution channels, integrated marketing capabilities, brand management,…