Nine Malaysian firms on Forbes Asia list
Forbes Asia said in a statement that companies on this year’s list outperformed despite stiff global headwinds like inflation and rising funding costs.
Corporate Buzz
Fast-fashion sites grab major share of foreign market
Last year, digital clothing platform Shein was downloaded 200 million times, surpassing Amazon as the most downloaded app in both Apple and Google stores.
Musk’s Tesla appoints India-origin Vaibhav Taneja as CFO
The development comes at a time when Tesla has reportedly held discussions with the Indian government officials to bring its auto parts and electronics chain to the country in the…
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.
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.