Tag: asia

  • Google rolls out Messages end-to-end encryption to everyone

    Google rolls out Messages end-to-end encryption to everyone

    Google Messages is finally getting end-to-end encryption, which means your messages will be secure from prying eyes. Google has been testing improved security for its Messages app since last year, but only a limited number of users had access to end-to-end encryption.

    Starting this week, Google is rolling out end-to-end encryption to all Messages users. However, to take advantage of the new feature, a few aspects are required. First off, you and the person you message must both use the Messages app and have chat features enabled.

    Secondly, you must use data or Wi-Fi for RCS ( messages. Keep in mind though that end-to-end encryption does not cover SMS/MMS messages and group messages. You’ll be able to tell when end-to-end encryption is enabled if you have an arrow icon with a lock on it on the send button when you write a message.

    When you lose chat features and end-to-end encryption will no longer be enabled, you won’t have a lock icon next to the timestamp of the conversation’s latest message or on the send button when you write a new message.

    According to Google, this type of encryption converts data into scrambled text, which can only be decided with a secret key. The latter is a number created only on your phone and the device you message. The secret key is not shared with Google, anyone else, or other devices, and it’s generated again for each message.

    Last but not least, the secret key is always deleted from the sender’s device when the encrypted message is created, as well as from the receiver’s device when the message is decrypted.

  • Baidu’s Apollo Aims To Offer Robotaxi Service to 3 Million Users In 2023

    Baidu’s Apollo Aims To Offer Robotaxi Service to 3 Million Users In 2023

    Chinese tech giant Baidu said on Thursday its smart driving unit Apollo plans to cater to a total of 3 million users in China with a fleet of 3,000 robotaxis in 2023.

    Baidu also announced that it is partnering with BAIC Group’s electric vehicle (EV) brand ARCFOX to develop Apollo Moon, EV robotaxis that are set to be mass-produced at a cost of 480,000 yuan ($74,766.36) per unit.

    The duo will produce 1,000 Apollo Moon EVs in the next three years, Baidu told a press conference in Beijing.

  • Spotify’s rebranded Locker Room mobile app rolling out globally as Greenroom

    Spotify’s rebranded Locker Room mobile app rolling out globally as Greenroom

    Locker Room is the mobile app developed by Betty Labs, a studio that’s been acquired by Spotify a few months ago. Originally, Locker Room was an invitation-only social platform dedicated to sports fans, but after being bought by Spotify, the app’s goals have been expanded to accommodate music lovers too.

    More importantly, the app has been renamed to Greenroom and released to more than 135 markets around the world. The new app is now available in its new form on both Android and iOS devices, and here are some of the new features added after Spotify’s acquisition:

    • New app branding (aka Greenroom) and a new overall look and feel
    • The ability for any user to host or participate in live rooms
    • A way to join Greenroom using your Spotify log-in info
    • A new onboarding experience that puts users’ interests front and center
    • Recording capabilities so you can complement your on-demand content with live conversations
    • Chat controls to ensure the best possible experience

    According to Spotify, more new programming to the platform spanning music, culture, and entertainment topics will be added to the app on top of the sports content the previous Locker Room app has been known for.

    In its current state, Greenroom is meant to optimize interactivity and deep connections between participants in live rooms, as well as make it easier for artists to keep in touch with their fans.

  • India to expedite Amazon, Flipkart antitrust probe

    India to expedite Amazon, Flipkart antitrust probe

    India’s antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behavior at Amazon.com Inc and Walmart Inc’s Flipkart, as it intensifies scrutiny of big-tech firms, two people close to the matter said.

    The comments come as major U.S. technology firms including Twitter Inc and Facebook Inc are at loggerheads with the government over issues such as data privacy bills and policies some industry executives have called protectionist.

    The Competition Commission of India (CCI) initiated a probe in January last year on the basis of a complaint alleging Amazon and Flipkart promoted select sellers on their e-commerce platforms and that deep discounts stifled competition.

    The companies have denied wrongdoing.

    Near-immediate legal challenges from the pair stalled the probe for over a year until a court last week allowed it to resume, having dismissed arguments that the CCI lacked evidence.

    Though Amazon and Flipkart are likely to appeal, the CCI plans to demand information from them related to the allegations “as quickly as possible”, said one of the people, who declined to be identified due to the sensitivity of the matter.

    The investigation “will be expedited”, the person said. Such investigations in India typically take months to complete.

    Amazon declined to comment. Flipkart and the CCI did not respond to requests for comment.

    The CCI is speeding up all cases involving big technology firms, including by deploying additional officers for some cases and working to more stringent internal deadlines, said the two people, who are familiar with the watchdog’s thinking.

    “Cases involving digital firms are getting a priority at CCI as they can have a significant impact on the economy and Indian startups,” said one of the people.

    Last year, the CCI began reviewing allegations of Google abusing the position of its Android operating system in the smart TV market, and is likely to soon order a comprehensive antitrust investigation, the people said.

    Google declined to comment.

    Such a probe would be the third against Google, with the Alphabet Inc unit already battling cases relating to Android as well as its payment app.

    The CCI is also investigating practices at MakeMyTrip Ltd and privacy policy changes at Facebook’s WhatsApp.The probe into Amazon and Flipkart is restarting at a time when both are battling accusations from offline retailers that their complex business structures allow them to circumvent foreign investment rules for e-commerce.

    Amazon, which has said it “does not give preferential treatment to any seller”, told the court here it disagreed with the report.

    The antitrust body will examine the Reuters report and could use it as part of its investigation, one of the people said.

    “The CCI’s plan to move faster on such cases is in line with other antitrust regulators globally that are investigating digital markets like e-commerce and online search, which are dynamic and evolving fast,” said an Indian antitrust lawyer who represents tech firms.

  • Cafe de Coral ramps up Mainland China expansion plans

    Cafe de Coral ramps up Mainland China expansion plans

    Hong Kong-listed Cafe de Coral Holdings, one of Asia’s largest restaurant and catering groups operating quick-service restaurants, will speed up its expansion in mainland China with 17 store openings in the pipeline.

    The company revealed its plans after its net profit for 2020 almost quintupled, despite lower revenue in Hong Kong, thanks to pandemic relief and subsidies by the Chinese and Hong Kong governments, and other actions it undertook to save on costs.

    “Our business in mainland China has recovered after the initial severe lockdown. The group will continue to expand its network in the Greater Bay Area,” Sunny Lo Hoi-kwong, chairman of the company, said in a filing with the Hong Kong stock exchange on Tuesday.

    Cafe de Coral was able to take advantage of China’s fast recovery from the economic dislocation caused by the coronavirus pandemic. China’s economy was already growing at 2.3 percent even while Hong Kong’s economy was registering a 6.1 percent contraction in 2020.

    The company “took advantage of the situation to increase the pace of network expansion, opening 13 new stores during the year with a strategic focus on Guangzhou and Shenzhen – and currently has 17 stores in the pipeline to open next year”, he said. As of 31 March 2021, the company had 352 stores in Hong Kong and another 121 in mainland China.

    “As the mainland China market was able to quickly control the severity of the Covid-19 pandemic, domestic consumption is expected to rebound at a faster rate,” Lo said.

    The company’s net profit skyrocketed 3.88 times to HK$359.1 million (US$46.3 million) for the year ended 31 March 2021, from HK$73.6 million in the previous year, according to the filing. In contrast, its revenue fell 15.7 percent to HK$6.7 billion.

    Cafe de Coral received pandemic relief and subsidies from governments in the city and the mainland totaling HK$638.9 million, including HK$486.8 million under the Employment Support Scheme in Hong Kong.

    It also adapted product offerings and operations to a “new normal”, implemented stringent cost controls, manpower deployment, and acceleration of technology upgrades to capture more takeaway and delivery business. These measures, combined with relaxed social distancing restrictions, led to improved revenue in the second half of the financial year.

    Its net profit, however, still does not match pre-pandemic levels of up to HK$569.9 million for the year ended 31 March 2019, before the onset of protests and the coronavirus pandemic. Restrictions prompted by the pandemic barred dinner service for 114 days in the financial year, in addition to the nine days that it voluntarily suspended operations.

    “As the pandemic situation resolves, the group expects business performance to make progress along with the economy,” Lo said. “The industry has faced a severe shock and many weaker players have already exited the market. Those that remain are lean, fit, and aggressive. And we anticipate a sharply competitive environment in the year ahead.”

    A final dividend of 28 HK cents per share was recommended on Tuesday, compared with nil in the previous financial year.

  • Shinsegae, Naver win bidding battle for EBay South Korea

    Shinsegae, Naver win bidding battle for EBay South Korea

    South Korean retail giants Lotte Shopping and Shinsegae Group have submitted separate letters of intent for online marketplace eBay Korea, the retailers’ spokesmen confirmed on Monday.

    It is a deal that will almost certainly shake up the country’s e-commerce retail segment, potentially propelling one of the country’s largest retailers into becoming the leading omnichannel operator in South Korea.

    SK Telecom, South Korea’s biggest mobile carrier, and private equity firm MBK Partners, the largest shareholder of discount store chain Homeplus, reportedly dropped out of the race to acquire eBay Korea, which has been up for sale since last year.

    This week’s formal bidding marks the second attempt to divest its interests by eBay Korea – which represents about 11% of global sales within the U.S.-based eBay corporation – and it wants at least $4.43 billion, a price that is looking increasingly attainable.

    South Korea’s total e-commerce transactions jumped 25% last year according to Trade Ministry estimates and eBay Korea represents about 12.8% of South Korea’s e-commerce market, just trailing Coupang at 13% and market leader Naver with 18%. Its revenue is estimated at $1.17 billion, with an operating income of $76 million.

    Coupang listed on the New York Stock Exchange in March, becoming the largest Asian company since Alibaba to go public in New York and raising $4.6 billion. Founded by billionaire Bom Kim, a Harvard business school dropout, Coupang is now the country’s most valuable start-up with a market capitalization of more than $60 billion, backed by Softbank’s Vision Fund.

    By contrast, Lotte and Shinsegae’s market shares in the country’s e-commerce sector are estimated at just 5% and 3% respectively and the takeover of eBay Korea by either could reshape the country’s online retail segment and fast-track the winning bidder into a market-leading position. Both have struggled to catch up with the major online competitors, especially after the impact of the Covid-19 pandemic.

    However, the picture is complicated. Naver could be one of the biggest beneficiaries if Shinsegae is successful as it is believed to be offering support in financing any acquisition. The retailer and portal established a strategic alliance in March and Shinsegae could switch to Naver Pay as the payment platform for three e-commerce websites operated by eBay Korea: Gmarket, Auction and G9. At present, eBay Korea uses its own online payment system called Smile Pay.

    Top South Korean cellphone carrier SK Telecom and retail group E-Mart were still among the remaining suitors as the preliminary round of bids sought by the U.S. parent closed 16 March.

    Indeed, SK Telecom had been the leading candidate. The group also operates the online platform 11Street through a subsidiary, making SK Telecom the fourth-biggest e-commerce provider. But 11Street has struggled to grow, leading SK Telecom to partner with Amazon AMZN 0.0% in November in a collaboration initially limited to 11Street hosting Amazon products, but likely to expand in scope.

    Meanwhile, Lotte will no doubt view the purchase of eBay Korea as a springboard for rebuilding the group’s online business. In April 2020, the group merged the e-commerce sites of its department stores, supermarkets, electronics shops and other physical retail affiliates under one shopping platform called LotteON but it has failed to make much headway.

    While all the potential suitors have refused to give much away, Kang Hee-tae, CEO of Lotte Shopping, admitted during a spring shareholder meeting: “We’re certainly interested.”

    Launching in 2000, eBay Korea quickly grew and last year earned around $75 million in operating profit. But eBay Korea has been squeezed by rivals in recent years, while activist investors like Elliott Management have urged eBay to shed assets with poor growth prospects.

    The U.S. parent’s hope of securing a lucrative deal initially looked ambitious but then Coupang went public successfully, boosting its hopes.

    Whoever wins the battle for eBay Korea, the fact that the rivals are both major retail players should heat up the market and could lead to an array of collaborations and partnerships to fight scale with scale. South Korea is on the brink of the biggest online shake-up since eBay announced its arrival over two decades ago.

  • RCS becomes a little more Apple-flavored after adding end-to-end encyption

    RCS becomes a little more Apple-flavored after adding end-to-end encyption

    When Google first started disseminating Rich Communication Services (RCS) to Android users, Google tried to copy several iMessage features. Because it uses a data hook up instead of a cellular connection, RCS can deliver much larger messages (8,000 characters up from 160), handle larger video and image files, show read receipts and more.

    One thing that RCS didn’t have that iMessage did was end-to-end encryption. With this feature, a message you send could only be read by the recipient. In May 2020, the buzz around the water cooler was that Google was testing end-to-end encryption for RCS and today the beta label was removed.

    As Google Senior Vice President Hiroshi Lockheimer (@lockheimer) posted on Twitter today, one to one messages on RCS now are equipped with end-to-end encryption. Keep in mind that this means group messages are not included. The first bunch of RCS users to get the feature are those who had not opted into the Google Messages beta indicating that this could be part of a new wide RCS rollout.

    for end-to-end encryption to work with RCS, both ends of the conversation need to have RCS enabled, and you’ll know if a message you’re sending is encrypted end-to-end if you see a lock icon on the send button.

    Little by little, Google is trying to end the blue bubble jealousy that Android users have suffered with through the years. If two RCS users are exchanging a chat, both will have blue text bubbles just like when an iPhone user is sending an iMessage to another iPhone user.

    Originally, all of the major carriers were going to be involved in the Cross Carrier Messaging Initiative (CCMI) allowing each wireless provider to offer a single new RCS app. Ironically, Google was not part of the CCMI which seemed strange in the first place considering that RCS was its baby.

    And earlier this year, the CCMI was canceled as Verizon said, “The owners of the Cross Carrier Messaging Initiative decided to end the joint venture effort. However, the owners remain committed to enhancing the messaging experience for customers including growing the availability of RCS.”

    T-Mobile also released a statement at the time that stated, “We’re committed to delivering RCS interoperability and are working with other providers to make it happen. T-Mobile customers with Android devices can currently enjoy RCS messaging across our network as well as with many other customers worldwide by interoperating with Google.”

    The major U.S. carriers were hoping to profit from the monetization of the CCMI by allowing their customers to chat with their favorite brands without having to switch apps. Users would be able to schedule appointments, pay bills, order rideshare and more through RCS thanks to the CCMI

    Analyst Lynnette Luna of GlobalData noted that RCS is really important to Google, but pointed out that because of Apple’s iMessage platform, there is no reason for Apple to get involved in RCS, and Apple has half of the U.S. smartphone market. She did say that Google continues to push RCS in the U.S. and that is because the company hopes to make money by pushing business to consumer ads.

    Luna added at the time that she didn’t expect Verizon, AT&T or T-Mobile to make a big push for RCS in the states. Consider though that in Japan, 60% of RCS messages are clicked on compared to the 0.001% that click on mobile banner ads. You can understand why Google has such high hopes for RCS as a platform for business.

    And with 1 to 1 chats now encrypted end-to-end, Google could still use RCS to pad the top line some more.

  • Huawei’s 7th Cyber Security and Privacy Protection Transparency Center opens its doors in China

    Huawei’s 7th Cyber Security and Privacy Protection Transparency Center opens its doors in China

    Huawei has opened its 7th and largest Global Cyber Security and Privacy Protection Transparency Center in Dongguan, China, with representatives from GSMA, SUSE, the British Standards Institution, and regulators from the UAE and Indonesia speaking at the opening ceremony. During the opening ceremony, H.E. Dr. Mohamed Hamad Al Kuwaiti, head of cybersecurity, UAE, delivered a keynote on the importance of cyber cooperation for a resilient and vibrant digital future.

    Along with the opening of the new center, Huawei also released its Product Cyber Security Baseline, marking the first time the company has made its product security baseline framework and management practices available to the industry as a whole. These actions are part of the company’s broader efforts to engage with customers, suppliers, standards organizations, and other stakeholders to jointly strengthen cybersecurity across the industry.

    “Cybersecurity is more important than ever,” said Ken Hu, Huawei’s rotating chairman, at the opening of the Dongguan center. “As an industry, we need to work together, share best practices, and build our collective capabilities in governance, standards, technology, and verification. We need to give both the general public and regulators a reason to trust in the security of the products and services they use on a daily basis. Together, we can strike the right balance between security and development in an increasingly digital world.”

    Over the past few years, industry digitalization and new technologies like 5G and AI have made cyberspace more complex than ever, compounded by the fact that people have been spending a greater portion of their lives online throughout the COVID-19 pandemic. These trends have led to a rise in new cybersecurity risks.

    During his speech, Hu also emphasized the importance of cybersecurity and shared responsibility to Huawei. Huawei has been committed to cooperative cybersecurity as early as 2000. There are now more than 3,000 cybersecurity R&D personnel in Huawei. Moreover, Huawei’s annual R&D investment in cybersecurity and privacy protection accounts for about 5% of its total R&D expenses.

    Huawei opened the new Global Cyber Security and Privacy Protection Transparency Center in Dongguan to address these issues, providing a platform for industry stakeholders to share expertise in cyber governance and work on technical solutions together. The center is designed to demonstrate solutions and share experience, facilitate communication and joint innovation, and support security testing and verification. It will be open to regulators, independent third-party testing organizations, and standards organizations, as well as Huawei customers, partners, and suppliers.

    H.E. Dr. Mohamed Hamad Al Kuwaiti, head of cybersecurity, UAE, said, “A public-private partnership will be critical to build collaboration among private, public and government entities so as to establish a globally trusted digital oasis in the UAE.”

    To further a unified approach to cybersecurity in the telecoms industry, organizations like GSMA and 3GPP have also been working with industry stakeholders to promote NESAS Security Assurance Specifications and independent certifications. These baselines have seen wide acceptance in the industry, and will play an important role in the development and verification of secure networks.

    Mats Granryd, director general of GSMA, spoke at the opening of Huawei’s new center. “The delivery of existing and new services in the 5G era will rely heavily on the connectivity provided by mobile networks and will fundamentally depend on the underlying technology being secure and trusted,” he said. “Initiatives such as the GSMA 5G Cybersecurity Knowledge Base, designed to help stakeholders understand and mitigate network risks, and NESAS, an industry-wide security assurance framework, are designed to facilitate improvements in network equipment security levels across the sector.”

    Hu also highlighted the importance of knowledge sharing. At the event, Huawei also released its Product Cyber Security Baseline, the culmination of over a decade of experience in product security management, incorporating a broad range of external regulations, technical standards, and regulatory requirements. The Baseline, together with Huawei’s other governance mechanisms, helps ensure the quality, security, and trustworthiness of the company’s products. Over the years, Huawei has built over 1,500 networks that connect more than three billion people across 170 countries and regions. None of these networks have ever experienced a major security incident.

    Hu emphasized that the more knowledge and best practices we share, the more effectively we can strengthen cybersecurity as a community.

    According to Huawei, the baseline covers 15 categories, 54 requirements, and 112 specific implementation instructions and interpretations, ensuring the high-quality, security, and trustworthiness of Huawei products. It includes 4 categories of legal compliance requirements (prevention of backdoors, prevention of malware and malicious behaviors, protection of user privacy and protection of communication freedom) and 11 categories of security and functional assurance requirements (including secure coding, compilation, sensitive data protection, encryption, secure boot, integrity protection, and lifecycle management).

    “This is the first time we’ve shared our security baseline framework with the entire industry, not just core suppliers,” said Sean Yang, director of Huawei’s Global Cyber Security and Privacy Protection Office. “We want to invite all stakeholders, including customers, regulators, standards organizations, technology providers, and testing organizations, to join us in discussing and working on cybersecurity baselines. Together, we can continuously improve product security across the industry.”

    At present, the industry still lacks a standards-based, coordinated approach, especially when it comes to governance, technical capabilities, certification, and collaboration.

    “Cybersecurity risk is a shared responsibility,” concluded Ken Hu in his opening remarks. “Governments, standards organizations, and technology providers need to work closely together to develop a unified understanding of cybersecurity challenges. This must be an international effort. We need to set shared goals, align responsibilities, and work together to build a trustworthy digital environment that meets the challenges of today and tomorrow.”

    Two years ago, Huawei opened a similar center in Brussels, with others located in the UK, Canada, Germany, Italy, and the UAE.

  • Hybrid chicken nuggets launched by +Plant

    Hybrid chicken nuggets launched by +Plant

    Food company +Plant has launched a chicken nugget made of 50-per-cent chicken and 50-per-cent plant protein.

    The hybrid chicken nuggets are gluten-free, additive-free, and carry a four-star health rating.

    +Plant is part of The Positively Good Co, which aims to “bridge the gap and be the gateway” for people wanting to consume less meat and more plants. Other hybrid meat products in its range include Beef +Plant Meatballs, Lamb +Plant Meatballs and Chicken +Plant Tenders.

    Todd Robertson, founder of +Plant, says the hybrid chicken nuggets were created with the fussy eater in mind, giving it the same taste and texture as regular chicken nuggets but with the added benefit of vegetables.

    “My son was a great inspiration for the chicken nuggets because he is a fussy eater and loves his nuggets, but nutrition has always been a concern at mealtimes,” said Robertson. “We don’t have to worry anymore because he enjoys the taste of the +Plant nuggets, and I know he is still getting all of the nutrition he needs.”

    +Plant Chicken Nuggets are available for delivery through +Plant’s website or sold at Harris Farm Market, Brisbane, for RRP $7.99

  • Domino’s buys up Taiwan operations

    Domino’s buys up Taiwan operations

    Fast food company Domino’s Pizza Enterprises is to acquire Domino’s Taiwan as part of its global expansion plan.

    The company has entered a binding agreement with Formosa International Hotels under which Domino’s will buy the Taiwan operation for $79 million on a cash and debt-free basis.

    “This is a market with tremendous opportunities for our business and this acquisition provides similar opportunities for the local team,” said Don Meij, CEO and MD at Domino’s Pizza.

    “Our expansion focus has been on identifying opportunities with large total addressable markets and a stable economy.”

    The deal is expected to close in the first half of FY2022.

    Domino’s is Taiwan’s second-largest pizza chain with 157 corporate and franchised stores across the territory. As part of the acquisition, Domino’s Pizza aims to increase the store network to more than 400 stores.

    The company also plans to expand the brand’s footprint in Asia from 1500 stores to 1900 stores by 2032.

    “We intend to expand the store footprint through opening more corporate stores, introducing new, internal, franchisees to the network, helping existing franchises profitably expand their businesses, and investing in the network and our people to drive long-term growth,” Meij added.

  • Inmarsat and Skylo collaborate on world’s first commercial narrowband IoT over satellite solution

    Inmarsat and Skylo collaborate on world’s first commercial narrowband IoT over satellite solution

    Inmarsat will provide Skylo, a satellite-based narrow-band (NB) IoT solution company the satellite capacity backbone to deliver its IoT solutions for connecting machines and sensors.

    The agreement pairs Inmarsat’s exceptionally reliable global satellite network with a complete, easy-to-use IoT solution that provides even the most remotely located application users with real-time, actionable insights; helping improve efficiencies, increase profits, improve sustainability, and save lives.

    The solution is available now in India through a partnership with in-country partner BSNL and expansion plans will be announced later this year.

    “The most effective IoT solutions require a truly resilient and flexible network that can scale as demand grows,” said Rajeev Suri, Inmarsat Chief Executive Officer.

    “Inmarsat’s industry-leading L-band network provides a unique capability for enabling the billions of connected IoT devices in India and across the world that are being deployed at an extraordinary speed.  We are delighted to work with Skylo to provide the IoT fabric that matches their ambition.”

    “Skylo makes simple, reliable IoT connectivity available to everyone at disruptively affordable rates,” commented Skylo CEO and co-founder Parth Trivedi.

    “Even more attractive than a sharp increase in adoption due to low barrier-to-entry is deploying critical new business capabilities as machine data becomes readily available and accessible. Our global IoT connectivity fabric makes way for thousands of life-changing applications — from managing vaccine efficacy during delivery to advancing precision farming, to provide early warnings in the event of natural disasters. We look forward to expanding globally and making our platform available to small and large enterprises, companies deploying new sensors, systems integrators, distributors, Governments and OEMs.”

  • Aldi hits 100 per cent renewable six months early

    Aldi hits 100 per cent renewable six months early

    Aldi has hit its goal of powering its Australian operations with 100 percent renewable energy six months ahead of schedule, resulting in an 85 percent reduction in the company’s CO2 emissions.

    The German supermarket chain achieved this through on-site generation using solar, offsite generation through power purchase agreements with wind farms, and the acquisition of market renewable energy certificates.

    “As the 67th biggest user of electricity in Australia, we recognize the significant role we have to reduce our impact on the environment and contribute to a more sustainable future,” said Aldi Australia chief executive Tom Daunt.

    “Our customers care about ensuring they purchase with purpose and every time someone walks through our doors they can feel confident their weekly shop isn’t costing the Earth.”

    However, being powered by renewable energy is just one of the supermarket’s goals. By 2025 Aldi aims to send zero waste to landfills, with the smaller goal of zero food waste to landfill to be hit in 2023, and the business will continue to find more opportunities to recycle within its ecosystem.

    Greenpeace Australia Pacific chief executive David Ritter said the milestone was proof of genuine corporate climate leadership in action.

    “Renewable energy is the cheapest form of new energy, and capable of powering Australia’s biggest businesses. Aldi’s leadership in the race to power all Aussie supermarkets with renewables is a landmark day,” Ritter said.

    “Australia is blessed with abundant renewable resources. We are the sunniest and windiest country in the world, it just makes sense that businesses like Aldi are choosing to power their operations using renewable electricity.”

    Both Woolworths and Coles have also committed to power its operations through renewable energy by 2025.

  • Campos picked up by Dutch coffee giant for undisclosed sum

    Campos picked up by Dutch coffee giant for undisclosed sum

    Australian coffee chain Campos will be acquired by international pureplay JDE Peet for an undisclosed sum, with the transaction expected to be completed next month.

    Campos serves customers through direct-to-consumer, retail, and its own flagship cafes, as well as being available in over 600 cafes nationwide – channels that complement JDE Peet’s Australian retail operations.

    “We’re incredibly proud of what we have achieved from our humble beginnings on the streets of Newtown in Sydney,” said Campos founder Will Young.

    “We are confident that Campos can and will continue to grow under JDE Peet’s stewardship by continuing to focus on what made us Australia’s number one specialty coffee brand – high-quality coffee and great service.”

    JDE Peet’s general manager in Australia and New Zealand Albert Moncau said the Campos business is the “perfect fit” for the pureplay giant.

    “We look forward to welcoming the Campos team to our world of coffee and tea, learning from each other’s expertise and building on their award-winning coffee experience,” Moncau said.

    JDE Peet also owns and operates the L’OR, Moccona, Harris, Piazza Doro, Espresso di Manfredi, Two Seasons and Pickwick coffee and tea brands in Australia

  • Vitamin subscription service Vitable raises $5.5m venture funding

    Vitamin subscription service Vitable raises $5.5m venture funding

    Australian vitamin retailing disruptor Vitable has secured $5.5 million in a series A funding round, drawing interest from a raft of recognized investors including Germany’s Rocket Internet, parent of Global Fashion Group and Hello Fresh, among others.

    Founded by Larah Loutati and Ilyas Anane (pictured above) just two years ago, Vitable operates a subscription-based service in Australia, New Zealand and Singapore, creating personalized vitamin and health supplement recommendations for customers who complete an online questionnaire. The monthly orders can be adjusted as the customer’s health needs change and the mobile app provides notification reminders to help build a daily routine and track progress.

    The company says the fresh funds will allow expansion into the wider Asia-Pacific region as it aims to take a share of a global dietary supplement market projected by Grand View Research to be worth US$230 billion by 2027.

    “Ultimately Vitable will grow beyond its core vitamin offer towards a broader vision of a personalized and holistic health and wellness experience, an industry McKinsey recently valued at US$1.5 trillion,” said Loutati, announcing the closing of the funding round.

    Led by Brenteca Investments, other investors include former MD of LinkedIn ANZ and serial tech investor, Clifford Rosenberg, and venture capital firm Artesian.

    Besides boosting geographic expansion, the money will be allocated to product and app development and the recruitment of key personnel.

    “Personalisation and honest guidance through selection and purchase are the future of vitamins and mineral supplements,” said Loutati.

    “This mix of personalization and convenience increases engagement, education, and ultimate user wellbeing.”

    Dave Fenlon, Group CEO BWX Brands and Oliver Samwer, CEO, Rocket Internet, are both members of Vitable’s board of advisors.

    “Vitable is growing rapidly and disrupting a traditional business model that is inefficient and expensive,” said Alexandra Clunies-Ross of Artesian. “The world is increasingly digital, and consumers no longer want to buy supplements from traditional suppliers. Instead, they are looking for more personalized services that can tailor high-quality products to their individual lifestyle and have them delivered to their home for convenience.”

  • Foxconn Invests $36 Million In EV Partnership With Gigasolar

    Foxconn Invests $36 Million In EV Partnership With Gigasolar

    Taiwan’s Foxconn said a subsidiary has invested T$995.2 million ($36 million) in Gigasolar Materials Corp to develop electric vehicle (EV) battery materials.

    Foxconn, Apple’s main iPhone maker, said the investment via a private placement through a Taiwan-based subsidiary will make it the second-largest shareholder in Gigasolar, known for manufacturing solar cell materials.

    The two companies will jointly develop materials for electric cars, Foxconn said in a statement on Tuesday.

    Foxconn has identified electric vehicles as a key new business and has struck several deals with companies, including Italian carmaker Stellantis and Thailand’s state-run energy group PTT.

    The Taiwanese company aims to provide components or services to 10% of the world’s electric cars by 2025 to 2027, Foxconn chairman Liu Young-way said in October, vowing to lower manufacturing and other costs with its assembling know-how as the world’s largest contract electronics manufacturer.