Japanese fashion group Fast Retailing Co Ltd (9983.T), owner of clothing chain Uniqlo, on Wednesday said it has partnered two robotics startups to help improve efficiency in warehousing and distribution. Asia’s biggest fashion retailer by sales, and the world’s second-biggest after Zara owner Inditex (ITX.MC), last year said it would invest 100 billion yen ($916.59…
Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world’s largest shopping festival, with brands such as L’Oreal (OREP.PA) and Nestle NESN.N among the biggest winners, Alibaba (BABA.N) data showed. The Chinese e-commerce giant’s annual Singles’ Day shopping blitz on Monday brought in a record 268.4 billion yuan (30 billion…
Alphabet Inc’s (GOOGL.O) Google signed its biggest cloud computing customer in healthcare yet, according to an announcement on Monday, gaining with the deal datasets that could help it tune potentially lucrative artificial intelligence tools. The Wall Street Journal earlier reported Google teaming up with Ascension to collect personal health-related information of millions of Americans across…
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Toyota, the Japanese automotive giant, is in the midst of a transformation that looks to reshape itself into an establishment that focuses on mobility-centric innovations for everyone. With Toyota being the main sponsor for the 2020 Tokyo Olympic and Paralympic Games, the company is driven by the philosophy of providing “Mobility for All”, showcasing a…
Facebook Inc (FB.O) on Thursday launched a catalog feature for its WhatsApp messaging app, it said in a blog post, building out the service’s e-commerce tools as it moves slowly toward monetizing the app it bought in 2014 for $19 billion. Facebook has been trying to boost revenue from higher-growth units like Instagram and Whatsapp,…
China mobile payment giants Alipay and WeChat Pay have started allowing overseas users to link their accounts to international bank cards, in a move cheered by foreign payment firms like Visa and Mastercard. The moves came during a major import fair in Shanghai aimed at showcasing the country’s free trade credentials. Tencent, the parent company…
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China’s digital currency will create a “horse race” when it is launched as commercial banks and other institutions compete to provide the best services using the new form of money, a central bank official said on Wednesday. China is preparing to be the first country to roll out a digitized domestic currency, a development that…
Existing securities rules could apply to “stablecoin” digital currency initiatives such as Facebook’s Libra project to help realize its benefits, global securities watchdog IOSCO said on Monday as policymakers examine whether new regulation is needed. The watchdog, made up of securities regulators from across the world, including the United States, Europe and Japan, said an…
Malaysia will allow motorcycle-hailing firms such as Indonesia’s Gojek and local start-up Dego Ride to start operations on a limited scale from January 2020, Malaysia’s transport minister said on Tuesday. Gojek – whose backers include Alphabet’s Google and Chinese tech companies Tencent and JD.com – and Dego Ride will start operating based on a proof-of-concept…
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German auto maker Audi’s fully-electric e-tron sports utility vehicle was the top-selling car in Norway last month with an 8.3% market share, registration data showed on Friday. Audi delivered 873 electric SUVs in October, ahead of Volkswagen Golf (VOWG_p.DE) in second place with 748 cars, according to the Norwegian Road Federation. In total, 35.7% of…
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