TikTok in talks to gain Indonesian payments licence
A payments licence would enable TikTok to benefit from transaction fees, and put it more directly in competition with e-commerce giants Shopee and Lazada.
Corporate Buzz
Starbucks earns big in the Chinese market
The company's revenue growth reflects double-digit growth in all major markets including China.
Deliveroo partners Gojek to gain edge in food delivery and ride-hailing businesses
This is the second collaboration here between a food-delivery company and a ride-hailing service, following Foodpanda and Tada’s partnership in April.
Summer shows cool ways of winning in business
Chinese manufacturers of air-cooling products and providers of cold chain services have emerged as improbable winners this summer.
Users abandoning Meta’s Threads after explosive start in South Korea
While Threads has succeeded in attracting subscribers, the number of daily active users on Threads has been decreasing every day within a week of its launch.
Japanese company to build luxury tree houses in Siem Reap
The investment follows last year’s triumph, when the company earned a coveted Guinness World Record for its luxury hotel tree houses in Okinawa.
TikTok denies launching Project S in Indonesia
The statement comes after concerns emerged that the initiative posed a threat to micro, small and medium enterprises in the country.
Samsung logs 4.3 trillion won profit loss in chips, predicts recovery in H2
Samsung anticipates the memory market to recover in the second half of this year.
Samsung’s new foldable phones unveiled for first time in Seoul
Samsung Electronics unveiled its new Galaxy foldable smartphone series in Seoul in front of nearly 2,000 people. It was the first Galaxy Unpacked event to be held on Samsung‘s…
Japan govt holds hearing with Bigmotor over insurance fraud scandal
An investigative committee comprising external lawyers has confirmed that Bigmotor submitted fraudulent automobile insurance claims, including cases in which cars were…