APAC

China’s Zero-COVID Policies Test Global Brands’ Resilience
China’s Zero-COVID Policies Test Global Brands’ Resilience
November 28, 2022  |  Retail

Three years in, China continues to weather fallout from the pandemic. And that fallout, as lockdowns and civil unrest wrack an already volatile economy, may...

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Amazon’s Food Delivery Business Shutters in India
Amazon’s Food Delivery Business Shutters in India
November 27, 2022  |  Amazon

Amazon is restructuring its India operations with the announcement that it is shuttering its food delivery service, Amazon Food, in the region after Dec. 29....

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NYC Dethrones Hong Kong as Most Expensive Retail Center
NYC Dethrones Hong Kong as Most Expensive Retail Center
November 23, 2022  |  Retail

Continued COVID-19 restrictions in China have stripped Hong Kong’s famed luxury district of its title as the world’s most expensive retail destination, a mantle that...

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Thunes’ ‘Pay the World’ Vision Now Includes WeChat’s 1.3B Users
Thunes’ ‘Pay the World’ Vision Now Includes WeChat’s 1.3B Users
November 22, 2022  |  Digital Payments

Thunes has teamed up with China’s Tencent Financial Technology, allowing members of the Thunes network to send payments to the 1.3 billion users on Tencent’s...

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FinTech WeLab Considers $250M Funding Round for APAC Expansion
FinTech WeLab Considers $250M Funding Round for APAC Expansion
November 21, 2022  |  Investments

Hong Kong-based lending FinTech WeLab is reportedly considering a new funding round that could value the company at about $2 billion. The company hopes to...

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Hong Kong’s Genesis Block Stops Trading and Will Close OTC Portal 
Hong Kong’s Genesis Block Stops Trading and Will Close OTC Portal 
November 18, 2022  |  Cryptocurrency

Hong Kong-based cryptocurrency retail service provider Genesis Block has reportedly ceased trading, asked its customers to withdraw their funds and told them it would close its over-the-counter...

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Only 20% of Direct-to-Consumer Merchants Sell to APAC Consumers
Only 20% of Direct-to-Consumer Merchants Sell to APAC Consumers
November 17, 2022  |  International

Direct-to-consumer (D2C) businesses may not have much of a presence in the Asia Pacific (APAC) area, but with significant investments planned in the near future,...

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Flywire Teams With HDFC to Streamline Education Payments
Flywire Teams With HDFC to Streamline Education Payments
November 17, 2022  |  Payment Methods

Payments software company Flywire has teamed up with India’s HDFC Bank to help students in India pay education fees at institutions around the world. The companies...

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Globant Buys eWave to Grow Digital Commerce Capabilities in APAC
Globant Buys eWave to Grow Digital Commerce Capabilities in APAC
November 17, 2022  |  Acquisitions

Digital transformation firm Globant has acquired digital commerce specialist eWave to reinforce Globant’s capabilities and support its expansion into Australia and several Asian countries.  The acquisition will add eWave’s...

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