As aftershocks of the clampdown on Daigous continue to reverberate through the luxury shopping community in China, e-commerce platforms are rising to fill the gap.…
Singapore to help SMEs compete in the global marketplace
Finance Minister Heng Swee Keat’s Budget 2017 has placed a strong emphasis on helping businesses stay competitive and grow in an increasingly global marketplace.…
China hikes tax on “super cars”
China will impose an extra 10 per cent tax on super cars and other luxury models costing 1.3 million yuan ($188,852) and above in a bid to rein in lavish spending and to reduce emissions.…
China approves 16 duty free arrivals shops
China’s Ministry of Finance has approved applications to open 16 duty free arrival shops in 10 international airports and at six land border crossing points, introducing limited competition to…
How to tap into China’s booming activewear market
China’s activewear market is booming. From 2014 to 2015, China’s sportswear market grew from $23.9 billion to $26.6 billion, according to Euromonitor.…
Korea’s ‘Black Friday’ aims to get people shopping
For the second year running, the South Korean government has launched an autumn retail discount campaign to boost the country’s sagging personal consumption.…
China’s cross-border e-commerce trade facing uncertainties
One in five online Chinese shoppers made a purchase on cross-border e-commerce platforms last year, twice as many as in 2014, but tighter tax and customs regulations signal that the flourishing indust…
How China plans to keep luxury spending at home
China is increasing the number of duty-free offerings on home soil, with the hope that jet-setting shoppers will keep more of their spending on the mainland.…
Expectations lofty as Lotte Centre opens in Hanoi
High-rise skyscraper Lotte Centre Hanoi held its official grand opening ceremony on Tuesday. Built in the style of the Vietnamese traditional ao dai, the 14,000 sq. m. building also incorporates advan…