China to fine ride-hailing giant Didi more than $1 billion: Reports
The fine – imposed over Didi's cybersecurity practices – would amount to more than four per cent of its $27.3 billion total revenue last year, according to a report.
Corporate Buzz
Coca-Cola selling Cambodia, Vietnam assets to Hong Kong-listed Swire Pacific
Swire Coca-Cola chairman Patrick Healy said “[The acquisition] is part of a broader strategy to expand the scale, volume and revenue of our bottling business”.
NTT Group taps into smartphone-based business with unmanned stores
The system is intended for use at shops located inside companies for employees there, locations at hospitals and schools as well as at stores in rural areas where the workforce is…
Customers spend on luxury watches as overseas holidays take a back seat
Sales of high-end watches and other luxury products amounted to ¥37.6 billion (US$28000) in May, exceeding pre-pandemic levels.
Robot baristas roll into South Korea’s largest airport
Air-dilly, a service robot made by LG Electronics, will deliver food and beverages from Baskin Robins, Paris Baguette and two Dunkin’ Donut branches in the airport.
Chinese airlines turn to non-travel revenue amid Covid-19
China Southern already provides its internal French language training courses to the public, which include face-to-face classes and livestreaming courses online.
Lululemon foresees rapid expansion in China
The maker of yoga leggings, training outfits and footwear plans to triple the number of stores on the Chinese mainland from the current 71 to 220 in five years.
Boys can play with dolls too: Toy industry makes the leap to gender neutrality
The toy industry, which conventionally categorizes products based on target users’ gender, has started to reassess this business practice.
China’s cross-border e-commerce speeds up development
The import and export of the country's cross-border e-commerce increased nearly ten times in five years, making it a new driving force for foreign trade development.
4 former Tepco executives ordered to pay ¥13.32 trillion
In the lawsuit, individual Tepco shareholders had demanded five Tepco executives pay a combined ¥22 trillion to compensate for causing a massive loss to the company.