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Tesla closes its first showroom in China in retail strategy shift – sources

Tesla owns all of its own stores rather than relying on dealers. It also sells its cars online. That has allowed it more...

Hong Kong Sept retail sales edge up as travel rules ease

Hong Kong's economy contracted by 4.5 per cent in the third quarter from a year earlier, shrinking for the third consecu...

Buyout firms vying for Indonesia’s top European bakery

They said a deal could be wrapped up as early as the end of this year, while due diligence is also currently underway.

Amazon shares tumble after weak Christmas trading outlook

Amazon has slowed warehouse openings and refrained from filling some open positions. It announced it would shut down its...

A Singles Day without livestream superhosts leaves Alibaba in a quandary

The event will begin with seven days of pre-sales to allow shoppers on its Taobao and Tmall marketplaces.

Affluent splash out on pricey Birkin bags but clouds loom

Mainland China also saw a strong rebound for Hermes and Pernod after Covid-19 restrictions were lifted.

Google fined by India antitrust watchdog for abuse of Android platform

India's competition regulator on Thursday ordered Alphabet Inc's Google to change its approach to its Android platform a...

World Cup could be nightmare before Christmas for Britain’s supermarkets

The winter World Cup has added a new level of uncertainty to the Christmas trading outlook of Britain's supermarkets: Ho...

Love, Bonito to open first US store next year, eyes IPO

Founded in 2010, Lovebonito Holdings has 16 stores spread across Singapore, Malaysia, Indonesia, Cambodia and Hong Kong.

Everstone explores stake sale in Restaurant Brands Asia

Private equity firm Everstone Capital is considering selling its stake worth $314 million in Restaurant Brands Asia Ltd,...