Author: Mei Ling Tan

  • HCMC plans to stop tax dodgers by enforcing card payments in restaurants

    HCMC plans to stop tax dodgers by enforcing card payments in restaurants

    Ho Chi Minh City’s Tax Department has suggested that customers should pay for restaurants and other high-end services using bank cards rather than cash to make it easier to collect tax revenue.

    Tran Ngoc Tam, the department director, said the proposal could help manage tax payments for high-end services.

    His unit is working with other agencies before submitting the plan to the city’s government for approval.

    Tam said that cash payments are no longer popular. Vietnam does not allow cash paymentss worth VND20 million ($880) or more, and that threshold is likely to go down to VND5 million soon “when we have the infrastructure to boost electronic payments,” he said.

    The role of cash in all payments across Vietnam fell from 14 percent in 2010 to 11.5 percent in August 2017, according to figures from the central bank.

    HCMC’s tax office raised the card payment proposal amid reports that the department is likely to miss its target this year.

    The department was set to bring in nearly VND239 trillion ($10.5 billion) in taxes, but has so far only reached 87 percent of the target.

    Legislators in the city, the biggest contributor to the state budget, earlier this week also suggested that celebrities who advertise products on Facebook should be taxed.

    Facebook is the most popular social network in Vietnam with more than 52 million active accounts to advertisers, and is also used as a e-commerce platform that tax authorities have struggled to keep track of.

  • Shanghai’s newest Family Hub Neobio

    Shanghai’s newest Family Hub Neobio

    Family dining and fun activities feature in Shanghai’s new Neobio Family Park, designed by architecture firm X+Living.

    It’s a concept ideally suited to shopping centres trying to attract families and fill distressed space at the same time.

    Within two buildings in the Minhang district, the 3000sqm indoor amusement park includes a reading area with a forest theme, giant “balloons”, a bubble pool, sand pit and toy area. Perspex walkways link each area so dining adults can keep an eye on their children while still being able to entertain themselves. Slides, ladders and tunnels cover the restaurant, which has a pastel-themed décor.

    Neobio architect/designer Li Xiang says the venue is divided into Reading Area, Dining Area, Sims City, Climbing Area and Party Room, as reported. “Entering the main entrance, we are surrounded by wavy forests and rolling hills, which are the bookshelves of the reading area and are the best place for kids to play hide-and-seek.” There is also a reading area for parents by the window near the forest.

     

    Sims City features an urban environment with roads, pedestrian crossings, street lamps and parking lots. A three-storey house in the centre includes a mini post office, gas station, supermarket and hospital, plus areas where children can play at kitchen activities, dressing up, doing make-up and changing baby diapers.

    There is even a Princess Cosplay area where girls can dress up and take photos while their mothers have a manicure.

    “Along Time Tunnel, we arrive at the Big Child Area where various slides and climbing racks fill the whole floor,” says Xiang. “It looks like a huge maze.”

    An eye-catching S-shaped slide takes children directly to the first-floor dining area which features balloon-like suspended game boxes all connected by transparent crawl ways. There are two VIP dining rooms for families who want privacy.

    In the basement is the Party Room with such themes as Indian, desert and Mediterranean.

  • First mobile tax refund system by Tourego

    First mobile tax refund system by Tourego

    Singapore has introduced the world’s first mobile tourist tax refund system, Tourego.

    Approved by the Inland Revenue Authority of Singapore (IRAS), Tourego migrates the paper-based tax refund process on to an app, allowing users to receive and store their refund tickets in an e-wallet.

    As well as that, Tourego provides shopping, food and travel tips about Singapore, plus users can compile a shopping list recommending retail partners. Already the network covers 100 businesses, with more expected to be announced soon.

    Tourego aims to solve the worldwide problem of tourists spending too much time at airports trying to obtain their tax refunds, says founder/CEO Tan Tie Wee.

    As well as enhancing the shopping experience for tourists, the app helps retail partners improve their efficiency as well as gain big-data insights into consumer behaviour,” he says.

    “We are grateful to the Singapore Tourism Board (STB), IMDA, Spring Singapore and IE Singapore for their support as Tourego contributes to Singapore’s vision to be a smart nation.”

    With Singapore as its first market, the Tourego app is free to download but is currently available only to non-Singaporeans to register for an account.

  • New Leica boutique opens in Hanoi

    New Leica boutique opens in Hanoi

    Leica Vietnam has introduced its high-end cameras and sports optics in its first boutique, in Hanoi.

    As well as offering the German brand’s entire range, including its signature Leica Akademie and Leica Galerie, the Leica Boutique also aims to become a community for local photographers where they can share their passion and learn techniques from experts, says Leica Asia Pacific CEO Sunil Kaul.

    Over its first days the store hosted an exhibition, The Beauty of Light, and introduced the latest Leica camera.

    A Ho Chi Minh store will be opened next year.

  • True Shopping to set partnership with 11street

    True Shopping to set partnership with 11street

    Thai home-shopping retailer True Shopping has launched an online store on marketplace 11street.

    To mark its sixth anniversary, True Shopping and 11street are running a promotion this month with discounts and bonus coupons.

    “One of our key strategies for next year is to win new customer groups,” says CEO Ongard Prapakamol of True Shopping owner True GS. “That’s why we think 11street is a strong partner to allow us to gain a strong foothold in e-commerce.”

    Selling on 11street on a trial basis since October, True Shopping has had great feedback, says Prapakamol. “We found that our buyers from 11street are totally different from our home-shopping buyers: they are younger, have a taste for trendier products and are price sensitive.”

    “We are delighted True Shopping trusts us to be another channel for its products,” says 11street Thailand CEO Hong Cheol Jeon. “True Shopping’s wealth of low-priced products and services, more than 400 SKUs, will help increase our product portfolio to meet the demands of our more than 700,000 shoppers.”

    The anniversary promotion runs until December 24.

  • The Up and Down for American Eagle result

    The Up and Down for American Eagle result

    Third quarter American Eagle results may be mixed, but they point to a company that is holding its own in a challenging market.

    There are, however, some negative numbers, such as the erosion on the bottom line, that signal the company has much more work to do before it can claim to be back to full health.

    American Eagle’s gross margin fell 1.2 percentage points to 39 per cent during the quarter, largely due to higher warehousing and shipping costs on online orders and increased promotional activity. Sales rose 2 per cent to US$960.4 million, but net income fell 16 percent to $63.7 million, partly due to a $14 million one-off charge.

    American Eagle stores posted a comparable sales increase of 1 percent, reversing the declines of the last two quarters which represents a step up on preceding periods when growth was present but anemic. As positive as this is, it is not a cause for unbridled celebration. The uplift was delivered against the backdrop of a stronger period for apparel overall. This raises a question as to how much is down to underlying natural demand, and how much is attributable to the improvements American Eagle has made over the past year.

    In fairness, a mix of both delivered the number. Categories like denim are performing well for American Eagle, with new washes and styles helping to drive sales. GlobalData Retail’s customer data suggests shoppers who visit to buy jeans are now buying more in other categories too – particularly in menswear.

    An increase in cross-category shopping is comforting and partly alleviates concerns that American Eagle was becoming overly reliant on denim. As much as this is currently helping results, it makes the company’s sales growth dependent upon denim remaining in fashion – something that it is unable to control or guarantee. By using denim as a springboard to promote other parts of its offer, American Eagle is on the right track.

    Along with a skew in category performance, American Eagle is also showing a disparity in channel results. The growth in stores is poor while growth online is much stronger. Given the interplay between shops and the website, it is arguably the overall numbers that matter. However, the higher costs associated with online fulfillment contributed to a margin decline this quarter. This was further exacerbated by heavy promotional activity, which was necessary to keep pace with the rest of the market.

    Aerie proves positive

    Away from American Eagle, Aerie continues to be a reliable source of growth. Its robust comparable sales uplift of 19 per cent this quarter was market-beating and underlines that it is still taking the share of other players. Usually, after such a long run of very high sales increases,one would be concerned about a softening as lapping comparatives become tougher. But that’s not the case with Aerie.

    The brand has excellent growth potential from two sources. First, the customer base continues to grow as more shoppers discover and migrate over to the brand. Aerie’s positioning and stance remain aligned with consumer attitudes, and this is helping to enlarge its share of shoppers.

    Second, the category extensions into products like soft knit tops and leggings are helping to increase average transaction values and are giving Aerie access to a more significant share of its shoppers’ overall spending.

    Overall, American Eagle is in a reasonable position and the performance over the holiday quarter should be solid, marking a good end to a respectable year.

  • Isobar Launches ‘Augmented Humanity: Isobar Trends Report 2018’

    Isobar Launches ‘Augmented Humanity: Isobar Trends Report 2018’

    Isobar, a leading global digital agency, predicts that 2018 will be the year of Augmented Humanity, a year where technology enhances and scales our most human attributes. In 2018, technological interfaces will become more natural and instinctive, technology will automate repetitive tasks to free up time for creativity and compassion, and artificial intelligence will meet emotional intelligence. This is further detailed in ‘Augmented Humanity, Isobar Trends Report 2018’.

    Isobar’s innovation and strategy experts from around the world have defined five key trends that explore this evolving relationship between humanity and technology and predict a harmonious future. Augmented Humanity explores the ways in which technology enhances and fuels our most human attributes – the ability to recognise and trust each other, to adapt to changing circumstances and the power to deliver true creativity.

    Jean Lin, Isobar’s Global CEO, comments: “Artificial intelligence is great, but humans score on emotional intelligence. The power of being human is in empathy. This cannot be automated or outsourced. Augmented Humanity will use technology to scale everything that is best and most powerful about human interaction.”

    The report argues that we may one day view the era of anonymous, one size fits all transactions as a temporary blip in our evolution, and that as technology advances it will become more human, not less. It will return us to a time where voice will be the primary way we interact with the world, where we will be recognised and rewarded in stores, and where we will buy more directly from trusted suppliers.

    Isobar’s five key trends for 2018 explore this intersection of technology and humanity, magic and the machine, code and conscience:

    1. Body Talk explores the body as an interface, as our eyes and ears replace touching and tapping.
    2. Powered by People tackles the shift from customers to communities as technology turbocharges the sharing economy.
    3. The Economy of Me looks at the power of AI to deliver ever more personalised products, prices and places.
    4. The Ethical Algorithm tackles technology as a force for good; in a world of fake news and algorithm bias is there such a thing as moral code?
    5. The Makers and the Machines explores the extraordinary union of art and technology to create outputs we could never before imagine.

     

    Within each theme, Isobar unpicks key sub trends and explores how they come to life today, in the future, and what they mean for businesses and brands right now. The report celebrates the importance of emotion at every touchpoint; in this new landscape it will no longer be enough for technologists to ask “how does it work?” – they need to consider human emotion and drivers and ask “how does it feel?”.

  • AEON Scholarship Ceremony 2017

    AEON Scholarship Ceremony 2017

    Mr. Kiyoyasu Asanuma, Chairman of AEON Thailand Foundation, and Ms. Suporn Wattanavekin, Vice Chairman of AEON Thailand Foundation together with Mr. Yohsei Honda, Secretary General of AEON 1% Club Foundation and Mr. Manabu Boike, Managing Director of AEON (Thailand) Co., Ltd. arranged AEON Scholarship Ceremony 2017 to grant 32 scholarships in amount of THB 2,240,000 to student of Chulalongkorn University and student of Thammasat University at Chulalongkorn University.

     

  • Top world models draw thousands of visitors at Hong Kong International Boat Show 2017

    Top world models draw thousands of visitors at Hong Kong International Boat Show 2017

    The ‘Hong Kong International Boat Show 2017’, the only boat show in Hong Kong this year, came to a close on December 3 amid the applause of both visitors and exhibitors. Organized by Club Marina Cove, the event featured a prize collection of designer exhibits, which included several award-winning boat models, with some of them being presented for their first time in Hong Kong, and even in Asia. The three-day Show attracted thousands of visitors and reported several immediate sales.

    China Pacific Marine reported an opening day sale of a Jeanneau 54 and a Merry Fisher 795 from France, while Hong Kong Boating also sold a Quicksilver from the U.S., followed by requests for sea trials from potential buyers.

    In addition, positive response was recorded at the hardstand booths, which featured a wide array of watersports equipment and accessories.

    This year’s exhibitors included:

    • Asia Yachting, with its display ofthe Monte Carlo Yacht 105 from Italy, priced over HK$100 million;
    • Marine Italia exhibit –Azimut Grande 27 Metri fromItaly, winner of the “Most Achieved Trophy” in the 80’-125’ category at the World Yacht Trophies 2017;
    • Ferretti Group Asia Pacific– Ferretti Yacht 850;
    • Asia Marine Yacht Services –Galeon 500 Fly from Poland, which was named the European Powerboat of 2016;
    • Absolute Marine – Absolute 58 Fly fromItaly;
    • NextWave, the distributor for the English brand Sealine;
    • Simpson Marine –Beneteau Swift Trawler 44, inaugurallaunch in Asia;
    • Princess Yachts Greater China –Princess 75 Motor Yacht, which won an Asia Boating Award (Best Production Motor Yacht (15m to 24m) in 2016 and Motor Boat & Yachting Award in 2017;
    • Sunseeker Asia; Steering Marine; Wah Hing (China) Marine; Pak Marine; Promax Marine; etc.

    With a rising number of boating and watersports enthusiasts in Hong Kong, the market has become increasingly active with a preference for larger yachts, according to exhibitors.

    Now in its 23rd year, the ‘Hong Kong International Boat Show’, organized by Club Marina Cove, is the most established platform in Southeast Asia for the international boating industry. As the organizer, Club Marina Cove is dedicated to promoting the long-term development of the Hong Kong boating industry by providing a trading platform for the Hong Kong and Asian boating industry.

  • Vietjet inaugurates Nha Trang – Seoul route

    Vietjet inaugurates Nha Trang – Seoul route

    Vietjet yesterday celebrated the inauguration of its Nha Trang – Seoul route launch at the Cam Ranh International Airport (Khanh Hoa Province). This new route will serve the traveling demands of both the local people and tourists, connect the two famous travel destinations and contribute to the promotion of trade and integration in the region.

    The Nha Trang – Seoul route is operated with a daily return flight at around 5 hours per leg. The flight will depart Nha Trang at 16:15 and arrive in Seoul at 22:45 (local time). The return flight takes off in Seoul at 01:50 (local time) and lands in Nha Trang at 05:25.

    South Korea is always a popular tourist travel destination because of its beautiful natural sceneries, exciting entertainment industry, traditional cultural features and many shopping centers etc. With the inauguration of this new route, Vietjet now operates a total of six international routes connecting Vietnam and South Korea with the offer of more travel saving opportunities for travelers.

    With high-quality services, diverse ticket classes, special low-fare tickets, Vietjet offers its passengers flying experiences on new aircrafts, comfy seats, delicious hot meals, beautiful and friendly flight attendants and other interesting added-on services.

  • GreyOrange released GreyMatter for robotics warehouse automation

    GreyOrange released GreyMatter for robotics warehouse automation

    Leading robotics and automation company, GreyOrange, announced the release of its next-generation software platform, GreyMatterTM, at the launch of the latest warehouse of the Nitori Holdings Group, Japan’s largest furniture and home furnishing chain with over 400 stores. The ButlerTM robotics system from GreyOrange is deployed at the Osaka centre of Home Logistics, a logistics subsidiary of Nitori Holdings which operates 34 distribution bases and a logistics network for product delivery to stores and e-commerce customers across Japan.

    In the Butler system, GreyMatterTM is an end-to-end Intelligent Order Fulfilment software solution from GreyOrange that controls and manages automation in a warehouse via collaboration among devices comprising Butler robots, storage racks, pick-put stations, charging stations, among others. Central to the GreyMatter software is its Artificial Intelligence (AI) which operates at several levels to drive autonomous collaboration to automate warehouse functions and processes.

    Its always-on AI algorithms learns from large amounts of data and identifies patterns quickly to perform in real-time to make super-smart decisions. It adapts to changing inventory profiles and order fulfilment requirements to optimise path planning and navigation of the robots and racks. This enables the team of robots to work together to maximise storage, streamline zoning, improve space utilisation and accelerate order fulfilment. This is particularly important for operations handling same and next day deliveries that require faster efficiency and accuracy, and a higher throughput in a volatile multi-SKU environment. The GreyMatter software is applicable across industries such as Ecommerce, Store Retail and Factory Warehouses.

    Manabu Matsuura, CEO of Home Logistics said, “For a start we stocked over the most popular items capable of fulfilling thousands of online orders a day. The Butler robotics and advanced software collaborate among the devices to take efficiency to new heights. The most number of items are brought from the racks to be picked in the shortest time, which is a very productive process. Over time as the system is continuously learning about our products, we expect to see increasingly higher levels of efficiency. Our staff appreciate working with these new processes as it is easy and they are seeing good results in their output. ”

    Nalin Advani, CEO – APAC, GreyOrange commented, “GreyOrange and GROUND Inc. our distributor in Japan, are honoured to work with the Nitori Group to deploy our Butler robotics solution and launch our next-generation Artificial Intelligence, GreyMatter, at the Home Logistics centre. E-commerce growth in Japan is forecasted to grow to US$200 billion within the next three years, and will accelerate annually in the lead up to the 2020 Olympics in Tokyo. We are excited to play our part in this exhilarating journey.”

    He added, “On top of Nitori’s industry-leading warehouse operations, we worked together to layer the AI-powered software to create a revolutionary process for order fulfilment. Within the AI of GreyMatter, the Industry Engine we have designed for E-Commerce provides control at even more granular levels than before.  Using machine learning and analytics, it is able to predict product popularity and seasonal trends, and more, to magnify the efficiencies for real-time order management.”

  • K11 art mall to open Pokemon Hub soon

    K11 art mall to open Pokemon Hub soon

    A Pokemon Hub will open in Tsim Sha Tsui’s K11 art mall in time for Christmas.

    Few details have been released, including the opening date, but the official Facebook page has been publishing images of items on their way from Tokyo.

    Pokemon stores in Japan offer themed sweets, tableware, trading cards and plush toys.

    Pokemon Hub is the first official and permanent Pokemon store outside of Japan licensed by The Pokemon Company.

  • New Concept for L’Occitane Flagship store

    New Concept for L’Occitane Flagship store

    French-headquartered, Hong Kong-listed L’Occitane en Provence, opens a world-first concept store in Canada  which it says offers an immersive digital experience and connected shopping model.

    Two new L’Occitane flagships based on the concept will open in London’s Regent Street and on the Champs Elysee in Paris later this month, with the format to be rolled out globally from next year.

    The skincare, body care and fragrance retailer has completely redesigned its 1600sqft (150sqm) Canadian store, located in the Yorkdale Shopping Centre in Toronto.

    Inspired by the land and culture of Provence, guests are invited to take a multi-sensory journey, setting what the company describes as “a new standard for the L’Occitane in-store customer experience”.

    “Visiting this store will be an experience like no other. Upon entering, guests will feel a sense of wonderment – they will be transported to the lavender fields of Provence, learn about L’Occitane’s expertise in the art of extraction, and visit the land of Corsica, home of the powerful Immortelle flower,” said Paul Blackburn, North American VP of concept design, construction & merchandising.

    “Behind the striking external glass facade, a curved video wall immediately attracts the attention of passersby. Below this eye-catching feature is an immersive digital experience inside a pair of suspended capsules. Within each capsule, a true story unfolds before your eyes combining imagery, scent, light and sound for a truly sensorial experience.”

    L’Occitane says the Toronto redesign is part of a larger expansion and refocus of store concept innovation from the brand. The company will pursue a ‘glocal’ retail strategy, in which it will tailor the customer experience with innovative and personalised services across the globe, while adapting the concepts according to local market specifications.

    The Regent Street store will be the largest L’Occitane store in the world, covering 6450sqft (600sqm), with specialised features to evoke all five human senses and a ‘test and play’ experience.

    “A visceral experience”

    L’Occitane commissioned brand creative and experience agency School House to create the new design.

    “Journeying through Provence is a visceral experience that changes something within you,” says Christopher Skinner, founder and principal of School House. “In 1976, Oliver Baussan experienced a connection to Provence’s land and culture, which he distilled from lavender and rosemary into essential oils. In the same way, we approached Yorkdale as an artistic expression of Provence, served through tactile and digital brand experiences that spark a sense of wonderment.”

    Described as “a celebration of wonderment and discovery,” the Yorkdale boutique has multiple unique features for an immersive and connected shopping experience. An exterior facade stretching nearly seven metres hosts a curved video wall two metres high, drawing guests in-store. Upon entering, they are greeted by yellow glass archways, inspired by Provencal architecture. Key features include an interactive ‘skincare bistro’, and large hand-cream column wrapped in communal seating.

    “Provence is brought to life through an elevated shopping experience that channels the elements of earth, fire, air and water,” the company’s Canadian spokespeople say in a statement. “The elements are expressed through creative design features, heightening the senses and inviting exploration.

    “Earth is cultivated with a flooring of natural stone and a botanical ceiling installation of a ‘land reversed’. Water is cultivated with automated rain shower sinks, encouraging test-and-play with products beneath showers from hanging illuminated arched domes. Fire is channelled through a radiating sun installation set within the ceiling plane above. Lastly, air is cultivated into fragrance clouds, creating a unique testing experience for fragrances.”

    L’Occitane - new concept 10

    The L’Occitane team has also worked to ensure the store positively impacts the environment. All lighting will be 100 per cent LED, and, for the first time in North America, an in-store bottling recycling program in partnership with Terracycle will be offered. The stone flooring and countertops are made of recycled natural stone aggregates and contain pre-consumer recycled content. The yellow arches are made from co-polyester resin, incorporating 40 per cent pre-consumer recycled content, compatible with one of the largest post-consumer recycle streams.

    L’Occitane Yorkdale, opens on December 7, 2018.

  • Coca-Cola is yet to crack the code in Indian market

    Coca-Cola is yet to crack the code in Indian market

    Coca-Cola, the world’s largest beverage company, has not been able to crack a section of the Indian market even with brands such as Sprite, Maaza and Thums Up.

    India is “a different story,” John Murphy, President of the Asia Pacific Group of Coca-Cola, said at the company’s investor’s day conference in Atlanta, referring to a market of almost 300 million people in the bottom half of the pyramid in India that is yet to take to the global soft drink brands.

    “We have tried so many times in my time in the Coca-Cola system to crack the code there and we haven’t done it. We have got a team of pretty smart people who want to have the legacy to be the first to do so,” he said. India is the US giant’s sixth largest market and Coca-Cola is the country’s leading beverage maker.

    “In India we have leader brands, but we have an industry that is very underdeveloped,” Murphy said at the conference on November 16, adding that in China, Coca-Cola has a value share of an industry that is actually quite huge.

    He said Sprite, Maaza and Thums Up have tremendous equity in India and the company’s job is to leverage those brands to help grow the industry.

    “We’re excited with the work we have under way to do that. In addition, we have a couple of other categories that we believe have tremendous room for growth as we go forward and the good news is there are not too many there yet who have cracked the code on leadership in those categories,” Murphy said.

    Sales growth for soft drinks in India has tapered as urban consumers opt for low-sugar beverages and rural buyers cut discretionary spending. Smaller regional brands that are cheaper are getting popular, hurting the prospects of global beverage companies including Coca-Cola and Pepsi.

    Addressing investors and company executives across the world, including global president James Quincey, Murphy said the beverage maker had, over the past three years, launched over 500 products in Asia-Pacific.

    The runway for growth across Asia-Pacific is significant, given that 52% of the world’s population lives in the region, he said.

    “The beverage landscape in Asia-Pacific is very different today than you have seen in other parts of the world. Seven out of every 10 beverages consumed in Asia-Pacific are non-commercial,” he said.

    Asian consumers have something in common — whether they are in Japan, India or China.

    “Home rituals are important, hence the prevalence of self-home beauty, homemade juices. They love a lot of stuff, sweet, unsweet, hot, cold, gooey, un-gooey — you name it. They are very trend conscious increasingly in today’s environment and those trends are influencing the repertoire of beverages that they are trying and they love to try,” Murphy said.

    Mentioning the launch of mosambi juice under its Minute Maid franchise, Murphy said marrying a local desired fruit to a global brand creates value. The move to localise to the last mile with ethnic flavours and leveraging local fruit-based beverages is aimed at fighting back the onslaught of regional brands.

    Recent examples include ethnic flavours in carbonated soft drinks such as jeera drink RimZim and grape-flavoured Portello.

  • Tuvia Italia under kerry logistics wins capital elite award at china awards in milan

    Tuvia Italia under kerry logistics wins capital elite award at china awards in milan

    Tuvia Italia under Kerry Logistics Network Limited, has garnered the Capital Elite Award at the China Awards 2017, in Milan, Italy.

    The China Awards, organised by the Italy-China Foundation, recognise and champion Italian and Chinese companies that have maximised opportunities of cross-border investment in both countries. Judges of the awards included senior members of the premier Italian financial newspaper MF-Milano Finanza, the Italian Chamber of Commerce in China, and the University of Brescia.

    Alessandro Canese, Managing Director of Tuvia Italia said, “Receiving the Capital Elite Award is a wonderful recognition of how investment opportunities for many sectors depend upon efficient logistics services. The tools to trade across borders and supply the international markets are increasingly important to today’s shippers, and we do our utmost to facilitate them, including acting as tax agent for non-EU customers wishing to set up operations in Italy.”

    Tuvia Italia was recognised for its work assisting the two most famous ‘non-docking’ bicycle Chinese companies to begin operations in Italy by using its new China-Europe rail services, launched this year.

    It also supported the launch of Chinese operations for an Italian e-retailer by integrating Chinese online platforms Alibaba, JD, TMall, and Yihaodian, into its own fulfilment software. Tuvia Italia was also appointed by a leading Chinese telecommunication company to run the downstream logistics operations for a strategic infrastructure project with a major telecommunication company in Italy. In November 2017, Tuvia Italia was welcomed as a member of the Italy-China Foundation.

    To support trade flow between China and Italy, Tuvia Italia participated in the business conference ‘Belt and Road Initiative: Building a Concrete Roadmap for Italy and China’s Joint Growth’ in Milan, Italy on 30. November 2017. Rio Lam, Assistant Manager Global Management Office of Kerry Logistics, illustrated to the audience the opportunities and challenges along the new Silk Road.