Tag: asia

  • Lotte Department Store to Introduce 3D Foot-Measuring Device

    Lotte Department Store to Introduce 3D Foot-Measuring Device

    Korean retail giant Lotte Department Store revealed Thursday that it will implement a new 3D foot-measuring device at its stores starting Friday, to provide quick and accurate measurements for custom shoe orders.

    By placing his or her foot on the device, a customer will able to obtain not only their foot’s length, but its overall shape, including width and height, to gather more accurate sizing information.

    The conventional foot-measuring process can make customers feel uncomfortable, and usually takes two to three minutes. But the new device will shorten the process to two seconds using 3D scanning technology, according to a Lotte official.

    After having their feet measured, customers will select the shoe design of their choice, and a final pair of handmade shoes will be delivered to their doorstep in about two weeks. Upon request, customers can even have their foot size information mailed to them or saved in the store’s computer system, so they can place more orders in the future without having to re-measure their feet.

    The 3D device was developed in collaboration with Swedish start-up Volumental, and will first make its debut at the Tandy shoe store in Lotte’s flagship department store in Myeongdong. The service will expand to other shoe brands in department stores across the country starting July 29.

    Lotte Department Store also plans to launch a 3D virtual fitting service in the latter half of the year. The service uses a special mirror that provides a virtual reflection of the customer wearing clothing by applying a 3D image of the product to the customers’ body.

  • Mobifone deploys 300Gbps packet-optical backbone

    Mobifone deploys 300Gbps packet-optical backbone

    Vietnam’s second largest mobile operator Mobifone has constructed its fist high-capacity converged packet-optical backbone network using equipment from Ciena.

    The operator has deployed a network spaning more than 1,400km from Hanoi to Ho Chi Minh City. The network currently has a capacity of 300Gbps.

    Mobifone plans to use the network to provide high-speed mobile broadband services to businesses and consumers in more than two dozen provinces.

    “Ciena’s cutting-edge optical platforms enable us to have a state-of-art backbone system. Demand for high-speed fixed and mobile data services, video content and the move to the cloud mean that network services in Vietnam have never been more important,” Mobifone chairman Le Nam Tra said.

    “With Ciena supporting the next evolution of the MobiFone backbone we can provide the scale and reach our consumer and business customers need for regional and international connectivity.”

    MobiFone is currently a state-owned operator but is undergoing a privatization process. The company is seeking an international partner to take up to a 49% stake as part of this process, and international operators including Australia’s Telstra, Norway’s Telenor and Sweden’s Comviq have reportedly expressed an interest in making the investment.

    A recent report  from the Australian Financial Review indicates that Telstra is seen as a good fit as a formerly state-owned operator that has gone through the privatization process.

    Sources told the publication that Telstra met with Vietnamese officials in May to discuss a potential deal.

  • Apple Pay makes its debut in Hong Kong

    Apple Pay makes its debut in Hong Kong

    Visa, MasterCard and American Express have all introduced support for Apple Pay in Hong Kong.

    Holders of credit and debit cards from the three companies issued by Bank of China, DBS Bank, HSBC, Standard Chartered, and Hang Seng Bank are now able to take advantage of the mobile contactless payment service.

    Apple’s Hong Kong website states that support for Bank of East Asia and Tap & Go cards is also “coming soon.”

    17613-15292-160719-Apple_Pay-HK-l

    In Hong Kong, Apple Pay is currently available in Apple’s own stores, as well as those from 39 other major chains, including 7-Eleven, APITA, KFC, McDonalds, Starbucks and Genki Sushi. It is also supported by a number of apps including Cathay Pacific, Deliveroo and Foodpanda. Support for Uber is coming soon.

    Apple Pay’s contactless payment technology aims to improve security by not storing credit card numbers on the device or sending credit card details to merchants. Payments can be authorized using the Touch ID fingerprint authentication system.

    Apple Pay is supported by the iPhone 6s and newer, the Apple Watch paired with an iPhone 5 or newer, as well as the iPad Pro, iPad Air 2 and iPad mini 3 and 4.

    “In Hong Kong contactless payments have become a necessity for everyday life, consumers and retailers realize the greater convenience and faster checkouts for busy people on the go,” Visa Hong Kong and Macau country manager Caroline Ada said.

    She said research from the company shows that 77% of respondents are willing to try out or adopt new ways of paying, and 78% are ready to use smartphones as the device for making everyday payments.

  • CSL to offer free unlimited data for Pokemon GO

    CSL to offer free unlimited data for Pokemon GO

    Hong Kong’s CSL aims to take advantage of the global buzz around the augmented reality game Pokemon GO by offering free unlimited mobile data for the app as a promotional exercise.

    Once the game launches in Hong Kong, customers of both the CSL and 1O1O mobile brands will be able to use the game without incurring data charges.

    The offer appears to be an attempt to attract or retain customers from the younger segment. In line with this, the offer is applicable to CSL’s student plans, which are tailored for users aged between 11 and 17.

    Mobile customers in Hong Kong will also be able to use the Tap & Go mobile payment service to purchase Pokecoins from Google Play and the Apple App Store.

    “As the leading mobile operator in Hong Kong, we foresee that Pokemon GO popularity would take off once this new sensation is launched in Hong Kong,” CSL chief marketing officer Bruce Lam commented.

    “ And we are making this offer available so our customers can play the game for hours on end without having to worry about mobile data consumption.”

  • China Telecom said to be interested in Egypt 4G license

    China Telecom said to be interested in Egypt 4G license

    China Telecom has reportedly expressed an interest in expanding into Egypt through the acquisition of a 4G license in the market.

    The operator, along with Saudi Telecom Company, have been in contact with the communications ministry regarding potentially securing licenses in Egypt, a ministry official told.

    But neither operator has yet submitted a formal request, and 4G licenses will only be offered to new entrants if existing players reject the terms of the licenses, the report states.

    Incumbent operators have reportedly been slow to accept the terms offered by the government for 4G licenses. In an example of these terms, Orange’s Egyptian affiliate has been asked to pay 3.54 billion Egyptian pounds ($398.6 million) for a license, and to decide whether to agree by August.

    The fact that international operators are interested in acquiring licenses could increase pressure on the existing entrants to agree to the terms.

    At least some analysts believe that all of Egypt’s existing players will ultimately apply for 4G licenses, which would mean the government would not have sufficient reason to approve the entry of a newcomer. It is therefore uncertain whether China Telecom will be entering the Egyptian market.

  • GSMA launches Mobile Connect in India

    The GSMA has launched its Mobile Connect authentication service across India, in collaboration with six mobile operators.

    Bharti Airtel, Idea, Aircel, Vodafone India, Tata Teleservices and Telenor India have all started offering Mobile Connect services.

    A range of Indian digital service providers in sectors including commerce, finance and banking, health services, media and entertainment, travel and hospitality and B2B have agreed to make use of the system

    GSMA director general Mats Granryd said the Indian launch marks the culmination of a year-long collaboration with the Indian mobile operators to introduce a single, secure mobile-based authentication system to the market.

    “With Mobile Connect, mobile operators are fulfilling an important role in the digital identity space, giving users control over their own data and enabling Indian consumers, businesses and governments alike to interact and access online services in a convenient, private, and trusted environment,” he said.

    Mobile Connect  employs a user’s unique mobile number and combines it with a unique PIN for more secure use cases to verify and grant online access to services.

    The system is now being implemented by 42 operators in 22 countries worldwide, making it available to nearly 3 billion customers.

  • Thailand’s TOT and CAT won’t be merged

    Thailand’s ICT minister has insisted that there will not be a merger between the two state-owned operators TOT and CAT even as the companies are under pressure to consolidate their operations.

    Minister Uttama Savanaya has ruled out a merger on the grounds that the organizational structures of the two companies are incompatible.

    But he said the two companies will partly consolidate some of their similar core businesses to help avoid duplication of investment spending.

    Thailand’s State Enterprise Policy Commission has ordered both TOT and CAT to restructure to survive, terminating their unprofitable businesses and focusing on their core operations.

    Both are under pressure now that the nation has moved from a concession model – whereby private operators paid a share of their revenue to the state operators in exchange for use of spectrum assets – to the conventional licensing model.

    The commission has approved in-principal proposals involving consolidating the operators’ transmission, fiber, subsea cable network and internet data center operations.

    But Uttama said that other core areas of the two operators, including fixed broadband, mobility and network rental services, will remain separate.

    He noted that TOT and CAT will need to quickly adjust their organizational and business structures to ensure their survival. TOT has revealed it expects to face an operating loss of 1 billion baht in 2016.

  • A force in the property market

    A force in the property market

    ZEON Properties Group, the exclusive event partner of the StarProperty.my Fair 2016 that opens in Gurney Plaza and Gurney Paragon Mall in Penang today, is a real estate powerhouse.

    Among the most recognised brands in the industry in Malaysia, it has a dynamic 500-strong team of operations personnel and agents in several countries throughout South-East Asia.

    The company has based its international headquarters in Penang at the Maritime Automall in Persiaran Karpal Singh and there are many other branches and broker offices also established in major cities.

    It is spearheaded by group CEO Leon Lee (pic), a visionary and resourceful leader who also founded the group and is leading it towards success both in Malaysia and internationally.

    Lee is a civic-conscious citizen, having contributed substantially towards society as the incumbent Penang Chinese Chamber of Commerce (Young Entrepreneur section) state chairman-cum- director and deputy chairman of the National Young Entrepreneur Committee.

    He is also the Penang state advisor for the Malaysia Entrepreneurs’ Development Association and deputy chairman of the ASEAN Retail-Chains and Franchise Federation Northern State Liaison.

    His other accomplishments include being a past president of JCI United Penang and Assistant District Commissioner George Town (North) 2007 of the Scout Association of Penang.

    Lee was named Young Entrepreneur of the Year (2013) in the McMillan Woods Global Awards.

    Zeon Properties Group is also the preferred marketing arm for over 10 projects in Malaysia which property buyers and investors can check out at the fair.

    Besides real estate and marketing, the company also specialises in real estate investment advisory, foreign direct investment, international project marketing, and retail planning and consultancy.

    It is also involved in the Malaysia My Second Home programme plus property development and management, offering the best of services with the highest professionalism and efficiency.

    Zeon Properties Group’s subsidiaries encompass Zeon Properties Kuala Lumpur, Zeon Properties Singapore, Zeon Properties Indonesia, Zeon Properties Hong Kong, Zeon Properties China, Zeon Properties Taiwan, Zeon Properties MM2H International Sdn Bhd, Zeon Land Sdn Bhd, Zeon Computer Sdn Bhd and Zeon Online Sdn Bhd.

    Meanwhile, its retail division engages in a number of different businesses which include the Hairstory chain, Karpal Singh Drive Food Court, Macau Street restaurant, Iyara Thai Restaurant, and entertainment outlets like The Bank, Wine and Cigar, Whisky and Champagne, Levels and Studio Room.

    As a new age integrated property and infrastructure solutions provider, Zeon Properties Group is proud of its brand that is built on core values of passion and excellence that resonate with brokers, agents and consumers.

    Its global reach and understanding of property enables it to achieve the best outcomes for all stakeholders.

    To find out more about its offerings, visit the company’s booths at the fair that runs until Sunday and is open from 10am to 10pm.

  • ‘Thailand Shopping Festival’ to offer discounts

    ‘Thailand Shopping Festival’ to offer discounts

    “The economy in the second half should grow more strongly than in the first half. The government will launch many measures to stimulate growth, including the shopping festival to provide discounts for shoppers, and organise a low-price fair to help lower the cost of living,” Commerce Minister Apiradi Tantraporn said.

    The Thailand Shopping Festival will be set up at department stores, modern trade outlets, and retail and wholesale shops nationwide. Discounts of 20-40 per cent will be offered to consumers.

    Meanwhile many Otop (One Tambon, One Product) items and those made by small or medium-sized enterprises will be on sale at tourist destinations including Bangkok, Chiang Mai, Udon Thani, Nakhon Ratchasima, Ubon Ratchathani, Phuket, Surat Thani and Songkhla.

    The ministry will also organise a “Thong Fa Therd Phra Kiat” low-price fair to celebrate Her Majesty Queen Sirikit’s 84th birthday at Impact Muang Thong Thani. The event will offer discounts of 20-40 per cent for consumer goods, food, fresh fruits and vegetables, Otop and SME products, and those from projects initiated by His Majesty the King.

    The low-price fair will take place from August 4-7.

    Moreover, the ministry’s Support Arts and Crafts International Centre of Thailand will hold an “Innovation Craft Fair” as part of the Queen’s birthday celebrations from August 4-12 at SACICT in Bang Sai, Ayutthaya.

    Also next month, in a further bid to promote economic growth as well as help lower the cost of living, the ministry will work with the Employee Council of Thailand to conduct events selling cheap food and fast-food dishes at factories, industrial estates and government agencies.

  • Apple Pay Launched in Hong Kong With American Express, Mastercard Support

    Apple Pay Launched in Hong Kong With American Express, Mastercard Support

    Apple Pay has arrived in Hong Kong, allowing the Apple users to use the company’s mobile payment system.

    Apple’s payment system has been rolled out to American Express, Visa and MasterCard cardholders in Hong Kong. Other participating banks are Standard Chartered, DBS, Hang Seng Bank, HSBC, Bank of East Asia, and BOC Credit Card, a subsidiary of Bank of China (Hong Kong). Apple’s website notes that the system would be compatibile with BEA and HKT touchless payment network Tap & Go in the future, as reported.

    Apple users can add their cards to Apple Pay by just tapping “Add Credit or Debit Card” option in the Wallet app on devices running the iOS 8.1 or higher. Hong Kong’s Apple Pay works fine with the iPhone 6, iPhone 6s, iPhone 6 Plus, iPhone 6s Plus, and iPhone SE. It is also available on the iPad Air 2, iPad mini 3, iPad mini 4, and both iPad Pro models. However, iPhone 5, 5c, and 5s users need an Apple Watch to make Apple Pay work.

    Greg Hingston, the head of retail banking and wealth management at HSBC in Hong Kong, said the number of HSBC’s active mobile banking customers has increased by almost 50 percent over the past three years, according to the South China Morning Post.

    “We expect this to rise as customers continue to migrate to digital banking and as we roll out innovative offerings such as Apple Pay. Digital is an integral part of our strategy as technology and mobility are changing the way our customers access information, products and services,” Hingston said.

    In Hong Kong, Apple Pay can be used where contactless payment is accepted and at a wide range of retail partners, including 7-Eleven, KFC, McDonald’s, Pizza Hut, Pacific Coffee, Su-Pa-De-Pa, Taste, ThreeSixty, Uny, and more.

    The Cupertino-based company’s payment system has also debuted in France, which is compatible with Mastercard and Visa credit and debit cards issued by Carrefour Banque and Ticket Restaurant as well as Banque Populaire and Caisse d’Epargne, an assemblage that includes France’s second largest banking group.

    Apple Pay is now available in nine countries including the United States, the United Kingdom, China, Australia, Canada, Switzerland, and Singapore. In addition, Apple plans to launch Apple Pay to Spain through a partnership with American Express later this year.

  • 7-Eleven Malaysia launches 2000th store

    7-Eleven Malaysia launches 2000th store

    7-Eleven Malaysia Holdings Bhd’s wholly owned subsidiary has launched its 2000th store in Malaysia.

    7-Eleven said the store at The Scott Garden in Old Klang Road reflected the current 7-Eleven convenience store format, which was being rolled out across Malaysia via a programme of store refurbishments and new stores since late 2013.

    “At our listing in 2014, we discussed our expansion plans and our intention to increase our number of new stores by 600 over the next three years from 2014 to 2016.

    “We are very pleased to have reached this historic milestone of 2000 stores but it’ll be business as usual as we have no intention of stopping here and will continue with our rapid store expansion,” 7-Eleven Malaysia Sdn Bhd CEO Gary Brown said in a statement.

    “We are also pleased to be able to showcase here today our latest product and service innovations which sets us apart from other convenience stores in Malaysia with a strong emphasis on best in class fresh food and beverage such as our well-received RM2 Fresh to Go hot beverages,” he added.

    2000th store opening image

    In the statement, 7-Eleven said during the opening ceremony, there was a tour and brief on the current innovation of the stores.

    It noted that the current generation 7-Eleven convenience stores was to encourage customers to see 7-Eleven as a lifestyle concept, where they can enjoy the range of products on offer by spending time at the store, similar to a neighborhood café.

    In addition to this, 7-Eleven Malaysia has increased its range of product and services to customers by providing Touch ‘n Go reload services, bill payment for utility providers, online purchases payment through MOLPay, point-of-sales activated (POSA) gift cards and parcel locker services in partnership with BoxIt.

    “It is important to us to continue to innovate on not only our product offering, but to also play more of a role in the daily lives of our customers. By offering these services, we can offer a whole new level of convenience in Malaysia and we continue to be the leader for the convenience sector.

    “We are enthusiastic about the future and will continue to deliver the best possible product, services and promotional offerings at our stores based on what our consumers want,” Brown said.

  • Yogorino Korea lauched, thanks to a Rapper

    Yogorino Korea lauched, thanks to a Rapper

    Irish frozen yogurt franchise Yogorino Korea has opened its first store in collaboration with a local partner.

    Korean rapper Zico helped draw a crowd for the inauguration of the Yogorino store in Seogyo-dong, south-west of Seoul and home of Hongik University. Zico, named Fashion Icon of the Year, has been chosen as Yogorino’s ambassador. He is signing promotional items and customers may have a chance to meet him in one of the stores planned to roll out in Korea.

    The new outlet covers two floors, including a spacious seating area. As well as frozen yogurt, Yogorino sells ice cream, coffee and cakes.

    For South Korea, Yogorino has signed a master franchising deal with Italyo Korea, which has drawn up a 10-year development plan including about 100 stores, corner shops and shopping -centre kiosks, ready to be set in motion in the next few months.

    Yogorino also has branches in Japan and the Philippines.

  • China’s XL-Muse reinvents the bookstore

    China’s XL-Muse reinvents the bookstore

    Shanghai studio XL-Muse has come up with creative designs for two new stores for book retailer Zhongshuge.

    Shelving reaches to the ceiling in the corridor of the Yangzhou Zhongshuge bookshop and is reflected by the floor below, emulating the effect of water. The designers took inspiration from the store’s waterside location in Zhen Yuan, as well as the area’s arched bridges, reports Dezeen.

    Zhongshuge book store Yangzhou 3

    “In the past, guided by water, many literati and poets visited and gathered here,” says XL-Muse. “The bridges were once the guiding factor of culture and commerce, and they represent the bookstore being the bond between humans and books.”

    The Yangzhou store is the latest interior XL-Muse has created for Zhongshuge. The studio previously created an oval reading room with stepped shelving for a branch that opened in Hangzhou in April. Black mirrored flooring and arched shelves create a tunnel of books. The Zhongshuge-Hangzhou bookshop also has mirrored ceilings and wraparound bookshelves, and a display room with columns shaped like tree trunks.

    Zhongshuge book store Yangzhou 1

    At the Yangzhou store, the concave shelving does not meet at the top, but is separated by a gap shaped like a lightning bolt across the middle of the ceiling. Reflected on the mirrored flooring, this gap is meant to act as a river, leading customers forward into the store.

    Zhongshuge book store Yangzhou 7

    The 1000 sqm space includes a reading room and a village-themed children’s area. The main reading room features curvaceous shapes in the form of sculptural, white pillars that curve inward from the ceiling.

    Zhongshuge book store Yangzhou 2

    Zhongshuge book store Yangzhou

    Shelving is a combination of traditional vertical styles and black metal stands arranged on a gentle slope that complements the curves of the pillars.

    Zhongshuge book store Yangzhou 6

    Meanwhile, the children’s picture book pavilion features shelves shaped like houses, towers, clouds and a hot-air balloon. The wooden shelving is painted in a spectrum of bright colours, and the ceiling lights are arranged to suggest a starry sky.

  • Indonesia sparkles as jewellery retail market

    Indonesia sparkles as jewellery retail market

    Indonesia sparkles in the jewellery retail market, according to a new report from Euromonitor International.

    Buoyed by growth in Asia Pacific, particularly China and India, jewellery will continue to be the best-performing category in the personal accessories segment, according to its research.

    Indonesia is expected to be the fastest-growing country in the world for jewellery sales with 7.8 per cent compound annual growth rate (CAGR) predicted until 2021. It is followed by India at 6.9 per cent.

    Euromonitor’s research shows that jewellery sales will be worth US$316 billion this year. It is the fastest-growing segment within the personal accessories industry with 3 per cent growth over the past year.

    Jewellery, including both costume and fine jewellery, had 15 per cent year-on-year growth of internet retail sales, reaching $19 billion this year, up from $9 billion in 2011. Fine jewellery’s 16 per cent growth in internet retailing beat out costume jewellery’s 12 per cent growth, with more fine jewellery retailers going online.

    “Technology is the answer for the future growth of jewellery and personal accessories,” says industry analyst Jasmine Seng. While global sales of personal accessories are growing at 2 percent, internet retailing is experiencing double-digit growth.

    The lowest performer in internet sales is the watch segment.

    “Facing competition from smartwatches, industry players should collaborate with wearable-technology innovators to drive organic growth for their companies,” says Seng.

    Personal accessories sales are forecast to have 4 per cent CAGR between now and 2021 to reach $633 billion.

  • H&M sales rise, profit falls

    H&M sales rise, profit falls

    H&M sales rose 7 per cent in local currencies during the first six months of the financial year. But profit failed to follow suit.

    Converted into Swedish kronor, H&M sales rose by 5 per cent to SEK 104.9 billion, (US$12.176 billion).

    Karl-Johan Persson, CEO, said the sales increase in March and April was significantly below plan, negatively affected by cold spring weather in many markets. In May, sales were much better with an increase of 9 per cent.

    After tax profit was SEK 5.357 billion, (US$621.4 million) down 17 per cent year-on-year.

    “Profits in the second quarter have been affected by a continued negative US dollar effect, but also by increased markdowns and the costs of our long-term investments. The fact that the sales increase in the quarter was below plan, naturally also had an impact on profits,” he said.

    “It has been a challenging half-year for fashion retail in many markets, but we have great confidence going forward and are continuing to develop our offering further within all our brands.”

    H&M has opened nine new online markets so far this year – in Slovenia, Croatia, Estonia, Latvia, Lithuania, Luxembourg, Ireland, Japan and Greece. Canada and South Korea will follow later this year.

    The fashion retailer has more than 4000 physical stores in 62 markets with plans to add 425 more this year. New markets this year are Puerto Rico, New Zealand and Cyprus, while Colombia will be one of four or five new destinations next year.