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Zilingo founder fired; claims no chance to redress accusations

Fashion startup Zilingo has fired its CEO Ankiti Bose after an investigation into "complaints of serious financial irre...

Shopee parent Sea posts upbeat results on e-commerce strength

Sea said first-quarter e-commerce revenue grew 64.4 per cent.

JD beats revenue estimates but CEO cautious over Covid outbreaks

JD CEO Xu Lei told analysts on a post-earnings call on Tuesday that the situation was far different to what China experi...

India’s Reliance to buy dozens of brands in $6.5bn consumer goods play

Reliance plans to build a portfolio of 50 to 60 grocery, household and personal care brands within six months and is hir...

Google’s second try at computer glasses translate conversations in real time

The new augmented-reality pair of glasses was just one of several longer-term products Google unveiled at its annual Goo...

Tod’s says China lockdowns won’t derail 2022 results

The analyst consensus is for 2022 sales of around 970 million euros and a 5 per cent EBIT margin.
Adidas-China

Adidas lowers 2022 expectations amid China lockdowns

Adidas also cut its operating margin forecast, saying it will remain at the previous year's level of 9.4% instead of inc...

Alibaba tipped to take Lazada to Europe

The move comes months after Alibaba's logistics arm, Cainiao, opened a central hub for European sales in Belgium.

Australian regulator sues Uber for US$19 million over misleading fares

Uber said that ever since the ACCC has raised the issue, it has “worked to streamline our in-app messages to make it cle...

‘Shanghai was a lesson’: Beijingers hit the stores amid lockdown fears

"Shanghai was a lesson," a 63-year-old Chaoyang resident said, adding that he doesn't believe Beijing will suffer the sa...