Starbucks charts expansion plan in China for more market share
The coffee chain operator has grown nearly tenfold in the past decade on the Chinese mainland.
Corporate Buzz
Air India unveils transformation plan
Over the next five years, Air India plans to increase its market share to at least 30 per cent in the domestic market while significantly growing the international routes.
Goodyear settles labour abuse claims with workers at Malaysian factory
The company said the settlement was in accordance with the terms of the court rulings and followed an outside accounting analysis of compensation.
Tata in talks to manufacture iPhones for Apple in India
If the agreement is successful, Tata might become the first Indian business to manufacture iPhones, which are now largely put together in China and India by the Taiwanese makers.
China’s TCL no longer an underdog
“China’s TCL and Hisense are competing with each other for growth like Samsung and LG did in the past,” an executive from a Korean tech company notes on the matter.
Apple Pay in final-stage talks to enter Korean market
Hyundai Card is said to have partnered with local network firms and payment terminal manufacturers to jointly develop the NFC payment system for Apple Pay.
Lotte Group to build eco smart city, logistics center in Vietnam
Under the $900 million Thu Tiem Eco Smart City project, the company plans to construct a 60-story building, with another five floors underground in Ho Chi Minh City.
LG debuts chameleon refrigerator that changes colour
The chameleon four-door fridge “MoodUp” lights up on its own and users can choose one among some 170,000 colour combinations.
Landmark net-zero industrial park taking shape
The excess power produced in the park will be sold to the grid, and stored green energy will be retrieved from the grid when needed, so as to ensure 100 percent net-zero energy.
Making English an official language to make the company stronger
Earlier, there were not many Japanese employees fluent in English and some even left because their English skills did not improve.