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ON Nov 6, 2018, Chen Weijie, 30, an online celebrity based in Meizhou village, Guangdong province, South China, sold 160 million yuan’s (RM95mil) worth of products during an eight-hour live-streaming session on Kuaishou, a short video platform.
PETALING JAYA: Malaysian consumers spent an average of RM277 on each online order during Singles Day (Nov 11,2019), 113% more than the average household spending in a single day.
PARIS: Louis Vuitton owner LVMH has agreed to buy Tiffany for US$16.2bil in its biggest acquisition yet as the French luxury goods maker bets it can restore the iconic US jeweller’s lustre.
PARIS: LVMH agreed to buy Tiffany & Co. for more than US$16 billion in the largest luxury-goods deal ever, raising the French conglomerate’s profile in jewelry and giving it access to a broader swath of American shoppers.
TRADITIONALISTS who love shopping in physical stores can rejoice – brick and mortar is making a comeback as a way to complement a brand’s online presence, according to industry experts.
MUNICH: Siemens AG aims to shed about 75% of its struggling power and gas unit in one of the most radical moves to date by chief executive Joe Kaeser to untangle the sprawling conglomerate and try to boost its valuation.
PARIS: Europe’s wealthiest man is spending more than US$1bil on a Paris department store at a time when other shops are going out of business and consumers are turning to Amazon.com Inc.
SHANGHAI: China stocks rose the most in two weeks on Tuesday, as a cut in a key interbank funding rate on Monday bolstered hopes for more government stimulus to prop up slowing growth.
SOUQA Fintech Sdn Bhd, the operator of Shariah-compliant payment gateway PayHalal, has set its sights on Indonesia by partnering with Jakarta-based PT Kirana Investama Nusantara.The investment firm, partially owned by non-governmental organisation Yayasan Desa Emas Indonesia, also runs the government-backed village-centric industry programme Gerakan Desa Emas or locally known as Desa Emas.
KUALA LUMPUR: Alibaba Group Holding Ltd announced it generated US$38.4 billion (US$1=RM4.15) in gross merchandise volume (GMV) on Nov 11, 2019 -- its ‘11.11 Singles’ Day’ global online shopping extravaganza, an increase of 26 per cent compared with 2018.