Retail in Asia

Lenovo 3Q profits slow

China’s Lenovo Group posted third quarter net profit that beat forecasts, though growth slowed for a third straight quarter, with the world’s number two PC maker highlighting the Europe cr…

Nokia to carry out 4,000 job cuts

Finnish mobile phone maker Nokia announced the details of 4,000 job losses on Wednesday at plants in Hungary, Mexico and Finland.
The company said the plants would remain open and refocus on customisi…

Tesco expands Korean virtual stores

Tesco is to expand its virtual shopping walls in South Korea to target university students.
The grocer is extending the virtual stores to more than 20 bus stops near universities across the Asian coun…