Hangzhou: an emerging brand-new “paradise” blending cultural legacies with modern elements

HANGZHOU, China, Sept. 25, 2023 /PRNewswire/ -- Hangzhou, a city of more than 12 million people on China's southeastern coast, is known for its cultural legacies and scenic views. Long famed as "a paradise on earth", Hangzhou, which will be the third Chinese city to host the Asian Games, has charted a path featuring sustained economic prosperity and harmonious development of humanity and economy,…

Ant Group introduces ten Asian e-wallets to China to boost cross-border mobile payment

Chinese digital payment firm Ant Group has officially welcomed seven new leading e-wallets and payment apps from Asia to the “Alipay+-in-China” Program (A+China Program). Ant Group said in a statement on Tuesday that users of mPay (Macao SAR, China), Hipay (Mongolia), Changi Pay (Singapore), OCBC (Singapore), Naver Pay (South Korea), Toss Pay (South Korea) and TrueMoney (Thailand) will be able…

SC Ventures launches audax Financial Technology to help financial institutions accelerate digital banking capabilities

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has launched audax Financial Technology (audax), a digital banking technology solutions provider. SC Ventures said in a statement on Thursday that the platform is designed to empower banks and financial institutions to accelerate their digital transformation, deliver new business models, serve new customer…

CapitaLand Investment acquires logistics property in South Korea for $82.5M

Singapore-based real estate investment firm CapitaLand Investment Limited’s (CLI) has acquired a newly completed, Grade A logistics property in South Korea for SGD 112 million ($82.5 million). CLI said in a statement on Monday that the acquisition was done through its flagship regional core-plus fund, CapitaLand Open End Real Estate Fund (COREF). According to the statement, the…

The game changer for online retail in Asia: Digital shelf AI-driven analytics and beyond

Despite the revival in the physical retail store landscape during 2022, the trend of online buying and selling remains steadfast among retailers and consumers in 2023. The retail e-commerce industry witnessed exceptional growth in 2022, with sales exceeding $5.7 trillion globally. Projections indicate a continued surge, reaching $8.1 trillion by 2026. The APAC region will generate over US$4…

CGTN: China committed to ‘building a Global South community with a shared future’

BEIJING, Sept. 18, 2023 /PRNewswire/ -- Havana locals are hopeful the Group of 77 (G77) plus China Summit will be a driving force in closer cooperation between developing countries. "Developing countries need to develop, combat poverty and deal with other issues that affect them," architect Eddy Regueiro told CGTN in the lead-up to the event, which was held on Friday and Saturday in the Cuban…

Kedaara Capital invests in Indian ed-tech firm K12 Techno Services

K12 Techno Services Private Limited (K12 Techno), a an education and technology services provider in India, has on Thursday announced an investment from investment firm Kedaara Capital, for a significant minority stake in the company. Through this investment, Kedaara seeks to support the company's vision of providing high-quality holistic education services to students and to schools in…

Dubai’s Cultos Global Web3 venture secures investment from industry leaders

Cultos Global, a web3 venture headquartered in Dubai, has successfully secured an undisclosed sum in their ongoing funding round. The investment comes from a distinguished group of backers including Sameer Mehta, the Founder and Chief Executive Officer of India's unicorn boAt Lifestyle; Tarun Katial, Media Tech veteran and Founder and Chief Executive Officer of web3 based social crypto…

LightInTheBox Reports Second Quarter 2023 Financial Results

SINGAPORE, Sept. 15, 2023 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter and First Half 2023 Financial Highlights Three Months Ended Year-over- Six Months Ended…

LightInTheBox Reports Second Quarter 2023 Financial Results