Japan
Shiseido expects $286.71m loss in 2020
The company is expecting a delay in recovery to persist in Q4.
Shiseido expects $286.71m loss in 2020
The company is expecting a delay in recovery to persist in Q4.
Gourmet food delivery app Food-e launches in Tokyo
It is the first of such app to offer bilingual customer service.
Inside Isetan Mitsukoshi's newly reopened stores
They closed stores in the Tokyo metro area from 8 April to 29 May to prevent infection.
Japan's retail sales dipped 1.2% in June
Automobiles saw the sharpest drop in sales at 17.2%.
Japanese buyers favour cheaper, casual apparel: report
Shimamura is best placed to enjoy this trend.
Itochu eyes $5.4b FamilyMart Japan buyout
It might bring agricultural producer associations as minority stakeholders.
Japanese apparel chains' sales tipped to fall 50-60% in April
Ecommerce channels are not enough to buoy sales.
Japan's top apparel chain sales tipped to fall 50-60% in April
Ecommerce channels are not enough to buoy sales.
Japan's soda vending machines reel as people stay indoors
Vending machines in busy locations are the hardest hit.
Developing the right talent to prepare for the digital economy
Two in five said that access to training and digital development will have the most impact on productivity.
GLP to Sell JP¥84.9 billion of assets to GLP J-REIT
Global modern logistics facilities and technology-led solutions provider GLP continues its capital recycling strategy with the sale of eight Japan properties to GLP J-REIT for JP¥84.9 billion (US$765 million).
Paidy announces strategic investment from Visa
Paidy Inc, an instantly-issued post-pay credit provider, has recently announced an investment from financial services corporation Visa as part of the company’s Series C funding. Paidy is cited to be Japan’s first instantly-issued post-pay credit service for e-commerce consumers. In addition, the two companies are partnering on new digital payment experiences that will give Japanese consumers more options when buying online and in-store.
Akamai, MUFG announce blockchain-based payment network
Cloud service provider Akamai Technologies and Japanese financial services company MUFG announced plans to offer a new blockchain-based online payment network enabling next-generation payment transaction scale and responsiveness.
Rakuten acquires C2C app developer Fablic
Rakuten has acquired a 100% stake in Fablic, provider of FRIL, a consumer-to-consumer (C2C) marketplace mobile app, and has made the company a wholly-owned subsidiary. The acquisition price is undisclosed.
Bakewise sold to Yamazaki
Ancor Capital Partners and Merit Capital Partners have sold the Macedon, New York-based Bakewise Brands to Japan’s largest bread-baking corporation Yamazaki Baking Co, headquartered in Tokyo. Yamazaki also distributes its baked products in a number of Asian countries like Singapore and Malaysia.
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AI prompts fearless dive into corporate reinvention
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Technology
Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
