Changan Automobile restructured into a state-owned enterprise under China’s SASAC. This move aims to boost innovation in the industry.
Retail news
Apple debuts official online store in Saudi Arabia, offering support, direct purchases, and setting sights on a physical retail location.
Skechers is capitalizing on Hong Kong’s retail downturn to expand its footprint in one of the city’s most prestigious shopping districts.
Mumbai’s food startup Khetika has raised $18 million in funding led by the Narotam Sekhsaria Family Office and Anicut Capital.
ZILO raises funding to expand its AI-driven fashion quick-commerce platform offering 60-minute delivery, at-home try-ons.
AI-powered avatars reshaped China’s livestream commerce, racking up 55 million yuan ($7.65M) in just seven hours on Baidu’s Youxuan.
IKEA is reworking its urban store layouts, replacing the iconic maze with a clear, linear path for a more structured shopping experience.
Algonomy has launched three new tools to scale personalised retail: Ensemble AI, Social Proof Messaging, and Active Content.
Olímpica S.A., a leading Colombian supermarket chain, is the first in Latin America to deploy an AI-powered Self-Checkout system by Toshiba.
Mattel has appointed Dream Theatre as its official licensing partner for South Asia to expand the reach of its iconic brand portfolio.