Singapore-based real estate investor and developer, Pacific Eagle Real Estate, has agreed to buy the Tanglin Shopping Centre in Singapore’s Orchard Road shopping belt for S$868 million (US$645 million…
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Amorepacific to boost online sales in 2022
The Korea Times reported that AmorePacific, Korea’s beauty giant, will increase investments to boost its online sales and expand its reach in North America, in a bid to reduce its reliance on China an…
Ula raises US$87 million in Series B Funding
Ula, a B2B e-commerce marketplace in Indonesia, has raised US$87 million in a Series B funding round co-led by Prosus Ventures, Tencent and B-Capital.…
Moncler Q3 revenues lift by double-digits despite Hong Kong sales dive
Italian luxury brand Moncler said that sales rose by double-digits in the third quarter, despite a 40% decline in Hong Kong sales.…
Alibaba’s president faces criminal charges
Alibaba Group Holding Ltd. President Michael Evans is among 17 current and former Goldman Sachs directors facing criminal charges over their alleged role in $6.5 billion of bond sales by 1MDB.…
Swire Properties receives its first sustainability-linked loan
Swire Properties reached an agreement with Crédit Agricole Corporate and Investment Bank to convert an existing five-year revolving credit facility of HK$500 million into a sustainability-linked loan.…
Japan’s Asics invests in UK’s Aura Vision
Japan’s Asics announced it has taken a stake in UK start-up Aura Vision, as the sportswear invests in data analytics and innovative retail.…
Alibaba invests $100m in Russian e-commerce
China’s e-commerce giant Alibaba and Russia’s RDIF sovereign wealth fund will each invest $100 million in a Russian joint venture, RDIF said.…
Amazon targets India growth with $3 Billion investment boost
Amazon.com Inc. will invest $3 billion more to build its business in India, stepping up its bet that the country will become a major online-shopping market.…