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Tag: platform

  • Converse Unveils Mega Flagship Store in Bengaluru, Launches Converse By You Customisation Platform in India

    Converse Unveils Mega Flagship Store in Bengaluru, Launches Converse By You Customisation Platform in India

    Converse, the iconic American shoe company, has unveiled its largest flagship store in Bengaluru, India, located in the esteemed Phoenix Mall of Asia. This venture has been accomplished in collaboration with Bhaane Group and it marks a significant milestone for Converse as it introduces its global customisation platform, Converse By You, to the Indian market for the first time.

    A New Retail Experience

    The Converse By You platform grants customers the ability to add a personal touch to their purchases using an array of design elements, limited-edition patches, and artwork inspired by the local culture. This move underscores Converse’s commitment to offering an enhanced retail experience that is tailored to its customers’ preferences and the prevailing local trends.

    The new store goes beyond the conventional retail experience by seamlessly integrating elements of skateboarding, art, music, and youth culture to create an immersive atmosphere for customers. Noteworthy features of the store include ‘Play for Peace,’ an interactive skateboard installation designed by artist Ansh Kumar, and a grand mural by Bengaluru’s very own artist, Benson Diengdoh.

    Besides offering an innovative retail experience, the store also houses Converse’s staple footwear collections, such as the Chuck Taylor All Star and Chuck 70 ranges, as well as a selection of newer products.

    Converse’s Journey in India

    Converse, established in 1908 and a part of Nike Inc since 2003, launched its first standalone store in India in November 2024 through an exclusive collaboration involving franchise, wholesale, and e-commerce distribution with Bhaane Group. In addition to the newly minted flagship store in Bengaluru, Converse operates three other standalone stores across India, specifically in Mumbai, Chennai, and Kolkata.

    Questions & Answers

    What is the significance of the new Converse store in Bengaluru?
    This store is Converse’s largest flagship outlet in India and it introduces the Converse By You platform to the Indian market, allowing customers to personalise their purchases.

    What unique features does the new store offer?
    The store includes an interactive skateboard installation named ‘Play for Peace’ by artist Ansh Kumar, and a large mural by local artist Benson Diengdoh. The store also integrates elements of skateboarding, art, music, and youth culture to offer an immersive shopping experience.

    What are the key products available at the new store?
    The store offers Converse’s core footwear lines, including the Chuck Taylor All Star and Chuck 70 collections, as well as an assortment of newer product ranges.

  • Chinese Beauty Brand Judydoll Conquers Europe via Joybuy E-commerce Platform

    Chinese Beauty Brand Judydoll Conquers Europe via Joybuy E-commerce Platform

    Judydoll, a renowned beauty brand from China, has made its grand entrance into the European market. This move was achieved through a successful launch on the e-commerce platform, Joybuy, spanning multiple countries including the UK, Germany, the Netherlands, France, Belgium, and Luxembourg.

    Established Origins and Expanding Presence

    Having its roots in Shanghai, Judydoll was established under the Joy Group in 2017. Recognized for its economically priced color cosmetics, Judydoll has been able to solidify its presence through various online marketplaces such as Tmall and Taobao. Subsequent to this online success, the brand ventured into physical retail, growing its network of stores.

    Presently, Judydoll operates over 100 stores throughout China. Furthermore, it has managed to broaden its international footprint by opening flagship stores in Singapore, along with retail collaborations throughout the Gulf Cooperation Council region.

    European Expansion Supported by Efficient Logistics

    Judydoll’s launch in Europe is backed by Joybuy’s effective logistics network. This collaboration ensures local fulfillment along with the promise of next-day delivery, making it easier for customers to access their products.

    In the company’s words, “Judydoll and Joybuy’s collective effort is aimed at bringing superior beauty products closer to European consumers.”

    Questions & Answers

    When was Judydoll established and by whom?
    Judydoll was established in 2017 by the Joy Group.

    How did Judydoll establish its initial presence?
    Judydoll initially established its presence through online marketplaces such as Tmall and Taobao, and later expanded into physical retail.

    What facilitates Judydoll’s launch in Europe?
    Judydoll’s European launch is facilitated by Joybuy’s logistics network, ensuring local fulfillment and next-day delivery.

  • Breaking: Singapore Hands $155 Cash Boost to Eligible Taxi and Platform Workers amid Rising Fuel Costs

    Breaking: Singapore Hands $155 Cash Boost to Eligible Taxi and Platform Workers amid Rising Fuel Costs

    Qualified platform workers and taxi drivers in Singapore are set to receive a cash assistance of S$200 (US$155) to mitigate the impact of increasing fuel prices. To be eligible, platform workers must have earned above S$500 per month from their platform-based jobs across all operators between December 2025 and February 2026. Similarly, taxi drivers must have had a vehicle rental contract with a taxi operator within the same timeframe.

    Automated Payments Processing

    The Central Provident Fund (CPF) Board will undertake the automatic processing of the payouts using income data submitted by platform operators for CPF contributions. Checkouts are expected to be disbursed via PayNow-NRIC by the end of April, or through GIRO by May 11. Recipients without connected bank accounts will be paid via GovCash by May 18.

    If eligible taxi drivers fail to receive their payments via the CPF Board, the Land Transport Authority will automatically disburse the payouts by mid-May.

    Support amidst Fuel Price Surge

    The cash relief, announced by Senior Minister of State for Finance Jeffrey Siow, is aimed at alleviating the burden of growing petrol costs on workers’ earnings. Fuel prices have been on a steady rise over the past month due to ongoing conflicts in the Middle East, although the government has no plans to intervene in regulating pump prices.

    Jeffrey Siow explained that direct support would be offered to small-medium enterprises, companies, drivers, and individuals most affected by the fuel price hike, as control of pump prices would be too blunt an approach and potentially regressive.

    Extended Support Calls

    Yeo Wan Ling, the assistant secretary-general of the National Trades Union Congress, applauded the initiative but added that similar support should also extend to self-employed drivers of combi buses and limousines. She expressed the union’s commitment to working closely with the government and industry partners to ensure that support reaches every affected worker.

    The relief payout is part of a larger support package valued at nearly S$1 billion, which aims to cushion the effects of escalating energy costs associated with the Middle East conflict. The package comprises a variety of measures to aid businesses, workers, and households, including advancing S$500 cost-of-living vouchers for households by six months and augmenting a one-off cash payout for qualified adults by S$200.

    Questions & Answers

    What is the eligibility criteria for platform workers and taxi drivers to receive the cash assistance?
    Platform workers must have earned above S$500 per month from their platform work across all operators between December 2025 and February 2026. Taxi drivers must have had a vehicle hire agreement with a taxi operator within the same timeframe.

    How will the payouts be processed and disbursed?
    The Central Provident Fund (CPF) Board will process the payouts automatically using income data submitted by platform operators for CPF contributions. Payments will be made via PayNow-NRIC, GIRO, or GovCash, depending on the recipient’s banking setup.

    What is the objective of this cash relief initiative?
    The initiative aims to alleviate the burden of rising fuel costs on the earnings of platform workers and taxi drivers in Singapore, particularly in light of ongoing conflicts in the Middle East that have led to an increase in fuel prices.

  • BNP Paribas Boosts Philanthropy Efforts with New Donor-Advised Fund Platform in Asia

    BNP Paribas Boosts Philanthropy Efforts with New Donor-Advised Fund Platform in Asia

    BNP Paribas Wealth Management has bolstered its philanthropic operations by unveiling a new donor-advised fund (DAF) platform in Asia. The platform, dubbed the “BNP Paribas Bridge Foundation,” is dedicated to assisting Asian entrepreneurs, affluent individuals, and family-run enterprises seeking a robust, well-governed method for conducting philanthropic activities.

    The Foundation operates within the framework of Singapore’s financial and legal system, supervised by a governance board comprising both internal and external professionals. The team’s expertise spans philanthropy, impact investing, and the Asian charitable sector.

    A DAF is a specialized structure intended for philanthropic contributions. Its primary advantages include potential tax benefits and the retention of advisory rights.

    The rise of philanthropy as a key aspect of the entrepreneurial journey in Asia is notable, shifting the focus from wealth accumulation to creating a lasting legacy. The Bridge Foundation caters to this vision by offering a secure and efficient platform for philanthropic donations, adhering to the highest standards of governance and compliance. Arnaud Tellier, BNP Paribas Wealth Management’s CEO in Asia-Pacific, emphasized this point in his remarks on the launch.

    Questions & Answers

    What is the BNP Paribas Bridge Foundation?
    The BNP Paribas Bridge Foundation is a newly launched donor-advised fund platform in Asia by BNP Paribas Wealth Management. It aims to assist Asian entrepreneurs, high net worth individuals, and family offices in their philanthropic activities.

    What are the advantages of a donor-advised fund (DAF)
    A DAF is a vehicle specifically designed for charitable giving. The main benefits include potential tax advantages and the retention of advisory privileges.

    How does the BNP Paribas Bridge Foundation operate?
    The Foundation operates within the framework of Singapore’s financial and legal system. It is governed by a board consisting of both internal and external professionals with experience across philanthropy, impact investing, and the Asian charitable sector.

  • Standard Chartered Revolutionizes Transaction Banking with New AI-powered Platform

    Standard Chartered Revolutionizes Transaction Banking with New AI-powered Platform

    Standard Chartered, a UK-based banking and financial services company, has announced the rollout of an artificial intelligence (AI) enabled platform aimed at accelerating and customizing transaction banking services for its clientele.

    The innovative platform is designed to aid relationship managers, sales teams, and proposal managers in swiftly accessing, customizing, and delivering transaction banking services to corporate and institutional clients, according to an official statement.

    Three primary features distinguish the newly launched platform. Initially, the platform automates and augments the process of accessing, selecting, and personalizing client solutions. Secondly, it functions as a unified access point for the most recent product and market capabilities. Finally, it is designed for continuous improvement and innovation, effortlessly integrating with other platforms and technologies to guarantee long-term value and impact.

    Mark Troutman, global head of transaction banking corporate sales at Standard Chartered, commented on the new development. He noted that fulfilling clients’ expectations for prompt, accurate, and highly personalized responses can be demanding on a large scale. However, by providing their teams with the advanced AI capabilities through this new digital platform, they can better comprehend client needs and deliver more pertinent, tailored solutions.

    Questions & Answers

    What is the purpose of Standard Chartered’s new AI-powered platform?
    The platform is aimed at accelerating and customizing transaction banking services for its corporate and institutional clients. It is designed to aid relationship managers, sales teams, and proposal managers in swiftly accessing, customizing, and delivering these services.

    What are the primary features of the new platform?
    The platform automates and enhances the process of accessing, selecting, and customizing client solutions. It also functions as a unified access point for the most recent product and market capabilities. Moreover, it is designed to enable continuous improvement and innovation.

    How does this new platform benefit Standard Chartered’s client services?
    By equipping Standard Chartered’s teams with advanced AI capabilities through this platform, they can better understand client needs and provide more relevant, tailored solutions. This is particularly valuable in an environment where clients expect fast, accurate, and highly personalized services.

  • Style Theory Shuts Down: High Operational Costs, Investor Departure Mark End Of Fashion Rental Platform

    Style Theory Shuts Down: High Operational Costs, Investor Departure Mark End Of Fashion Rental Platform

    Style Theory, a Singapore-based online clothing rental platform, has recently ceased operations due to increasing operational costs and the departure of its key investors.

    Established in 2016, Style Theory functioned as an online rental platform that operated on a subscription basis. For monthly fees ranging from $89 to $149, it provided its customers with access to designer clothing and fashionable accessories via its proprietary app.

    The company announced on its online platform that it discontinued its subscription service as of September 30. All related services including rental, delivery, membership, support among others, were also discontinued. Customers were alerted that unused points would not be refunded and they could retain any rented items indefinitely.

    The firm will go into liquidation, and those owed money will be classified as creditors. The economic climate, which the company describes as increasingly challenging, along with rising costs and unforeseen circumstances, including the withdrawal of key investors, were cited as the main factors behind this decision.

    Style Theory was supported by notable investors including Alpha JWC Ventures, Quest Ventures, The Paradise Group, and SoftBank Ventures Asia.

    The decision to shut down was not taken lightly, as stated by the founders. The main mission of Style Theory, since its inception, was to make fashion more sustainable, accessible, and circular. The unexpected discontinuation of services is regrettable, and the company sincerely apologizes for any disappointment caused. The founders assured that every possible alternative was considered before reaching this conclusion.

    This closure follows the shut down of the company’s operations in Indonesia in June. The company stated at that time that it wanted to concentrate its resources on strengthening its foundations in Singapore and Hong Kong.

    Questions & Answers

    Why has Style Theory ceased operations?
    Style Theory has ceased operations due to escalating operational costs and the departure of key investors.

    What happens to the customers who have unused points?
    Customers were informed that their unused points would not be refundable. They can, however, keep any items they have currently rented indefinitely.

    What was the primary mission of Style Theory?
    The primary mission of Style Theory was to make fashion more sustainable, accessible, and circular. The company aimed to achieve this through its online rental platform.

  • Xiaohongshu: Revolutionizing Retail With Social Commerce Amidst Challenges

    Xiaohongshu: Revolutionizing Retail With Social Commerce Amidst Challenges

    Since its launch, the social commerce platform Xiaohongshu, popularly known as Little Red Book, has been making waves in the retail landscape across China and beyond. Positioned at the intersection of e-commerce and social interaction, Xiaohongshu has created a vibrant community where users share product reviews, lifestyle tips, and shopping experiences, all while influencing purchasing decisions.

    Combining Trends with User Engagement

    What sets Xiaohongshu apart from other platforms is its unique blend of user-generated content and curated shopping experiences. The app allows influencers and regular users alike to post authentic content, ranging from makeup tutorials to travel blogs, seamlessly integrating direct shopping links. This allows brands to tap into a highly engaged audience that is already enthusiastic about lifestyle and fashion trends. It’s a bit like stumbling into a friend’s closet and finding that perfect outfit that you didn’t know you needed.

    The Rise of Influencer Marketing

    As influencer marketing continues to dominate the retail sector, Xiaohongshu stands at the forefront by allowing brands to partner with content creators who resonate with their target market. This strategy not only enhances product visibility but also fosters a sense of trust among potential buyers. With over 300 million registered users, the platform makes it easy for brands to connect with niche communities, further underscoring the importance of localized marketing strategies in a diverse region like Asia.

    Challenges Ahead

    Despite its success, Xiaohongshu faces several challenges, particularly in oversight and content moderation. Reports of misinformation and counterfeit products have drawn the scrutiny of regulatory bodies, urging improved standards for user-generated content. As the platform navigates these challenges, how it bolsters trust while maintaining rapid growth will be crucial in retaining its user base and attracting new brands.

    In a landscape as dynamic as retail in Asia, staying ahead of the curve is essential. With platforms like Xiaohongshu redefining shopping habits, it’s evident that the future of retail intertwines closely with social interaction — a digital bazaar where every swipe may lead to the next best find.

    Questions & Answers

    What makes Xiaohongshu unique in the realm of social commerce?
    Xiaohongshu combines user-generated content with e-commerce, allowing users to share their experiences and reviews while seamlessly integrating shopping links, creating a community-centric shopping environment.

    How has influencer marketing evolved on Xiaohongshu?
    The platform has become a hub for brands to collaborate with influencers who connect with their audience, significantly enhancing product visibility and fostering trust among potential customers.

    What challenges does Xiaohongshu currently face?
    The platform is grappling with issues of misinformation and counterfeit products, prompting calls for better content moderation standards to maintain user trust and safety.

  • Whiskymofo: The New Exclusive Platform For Rare Whiskies, Backed By Vinomofo’s Rigorous Selection Process

    Whiskymofo: The New Exclusive Platform For Rare Whiskies, Backed By Vinomofo’s Rigorous Selection Process

    Vinomofo, an established online wine retailer, has expanded its offering with the launch of a dedicated platform, Whiskymofo, which offers its members an array of carefully selected whiskies at competitive prices.

    Over the past twelve months, Whiskymofo has been hosting successful events as part of the Vinomofo brand, garnering a membership of more than 32,000 through its unique “Whiskymofo & Friends” sales events.

    Exclusive Access to Premium Whiskies

    Whiskymofo aims to provide its members with exclusive access to an assortment of whiskies. Daily releases of limited-edition, rare, and high-value whiskies will be made available exclusively to members. In addition, monthly sales events will be organized, featuring a wide variety of whiskies and other top-quality spirits as part of the “Whiskymofo & Friends” sales series. The platform plans to further enhance its offering by establishing exclusive partnerships with distilleries and global brands.

    The company seeks to establish itself not only as a sales platform for renowned whisky brands worldwide but also as a community hub for whisky enthusiasts.

    Rigorous Selection Process

    In a similar fashion to Vinomofo, Whiskymofo’s buying team employs a stringent selection process, choosing only 5 per cent of the products it samples. This rigorous process ensures that members have access to only the best whiskies on the market.

    While access to the platform is free, the deals it offers are exclusive to members. This strategy allows Whiskymofo to secure rare and sought-after whiskies for the Australian market at prices that are affordable to its members.

    Questions & Answers

    What is Whiskymofo’s business model?
    Whiskymofo operates as a members-only online platform offering exclusive access to a range of carefully selected, rare, and high-value whiskies at competitive prices.

    What does membership to Whiskymofo offer?
    Membership to Whiskymofo offers access to daily releases of limited-edition, rare, and high-value whiskies, monthly sales events, and exclusive partnerships with distilleries and global brands.

    How does Whiskymofo ensure the quality of its products?
    Whiskymofo ensures the quality of its products through a rigorous selection process. The buying team samples a wide variety of products, selecting only 5 per cent of these to offer to their members. This ensures that only the best whiskies are available on the platform.

  • Umall Acquires Asian Grocer Online: A Strategic Leap In Multicultural Grocery Sector

    Umall Acquires Asian Grocer Online: A Strategic Leap In Multicultural Grocery Sector

    Umall, an Australian e-commerce platform, recently announced its acquisition of Asian Grocer Online (AGO) in a bid to expand its presence in the multicultural grocery sector.

    Strategic Acquisition

    This acquisition represents a significant development in Umall’s ongoing expansion efforts. The company refers to this move as a “key milestone” in its growth trajectory. As part of this acquisition, AGO’s website is currently unavailable due to system enhancements. However, the company is working towards launching a fully refurbished, unified platform that combines the strengths of both brands.

    Expanding Reach

    With the integration of AGO’s category expertise and dedicated customer base, Umall aims to solidify its leadership position in the multicultural grocery space. The company intends to broaden its reach across Australia, providing a more diverse range of products to its customers.

    New Online Asian Supermarket

    The acquisition of AGO comes on the heels of Umall’s recent launch of a new online Asian supermarket. This venture seeks to provide a broader array of culturally diverse products, all delivered straight to customers’ homes.

    Investments in Technology

    Umall attributes much of its rapid growth to its significant investments in advanced technologies such as AI, automation, and robotics. The company maintains that these technologies have enabled it to provide faster, fresher, and more efficient service in comparison to traditional retailers.

    Questions & Answers

    What does Umall’s acquisition of AGO indicate?
    This acquisition suggests Umall’s strategic plan to extend its influence in the multicultural grocery sector and solidify its leadership position.

    What is the plan following the acquisition?
    The current plan is to launch a fully revamped, unified platform that leverages the strengths of both Umall and AGO. This integrated platform aims to provide a wider array of culturally diverse products.

    What has contributed to Umall’s rapid growth?
    Umall attributes a significant part of its rapid expansion to its substantial investments in AI, automation, and robotics. These technologies, according to the company, allow it to provide faster and more efficient service than traditional retailers.

  • Singapore sneaker platform Novelship secures US$9.5 million in Series B

    Singapore sneaker platform Novelship secures US$9.5 million in Series B

    Singapore-based sneaker marketplace Novelship has bagged US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners, and GSR Ventures.

    The company said the new funds will be used to accelerate its expansion plans in Southeast Asia, including enhancing its logistics capabilities, refining authentication processes, expanding its slew of in-house collections, and optimizing its environmentally-conscious delivery process.

    “As collectors’ priorities shift towards accessibility, efficiency, and integrity, Novelship stands firm in our dedication to enhance these aspects on our platform,” said Richard Xia, co-founder and CEO of Novelship.

    The company was founded in 2018 as a platform for buyers and sellers to trade authentic sneakers, limited-edition apparel, and exclusive physical and digital collectibles.

    The funding round came after Novelship’s recent collaboration with Snoop Dogg. The marketplace also introduced new in-house products, including Novelty-branded T-shirts, socks, shoelaces, and Shoe Sole Protectors.

    “Our recent expansion of collections and the introduction of new in-house products reflect our commitment to providing broader accessibility for all collectors,” Xia said.

    Novelship reported a compound annual growth rate (CAGR) of 37 percent in revenue and 55 percent in transactions.

    “Novelship has been proven as a one-stop marketplace to fulfill the desires of collectors,” said Willson Cuaca, co-founder and MD at East Ventures. “We also take great pride in witnessing how Novelship incorporates sustainable practices into its operations.”

    Further reading, Asics says its new sneaker offers the lowest CO2 emissions of any brand.

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  • Intel vPro platform accelerates business productivity

    Intel vPro platform accelerates business productivity

    The Intel vPro platform offers a comprehensive solution for businesses to increase productivity, protect business assets and maintain business organizations to get over the Covid-19 pandemic.

    The long term effects of Covid-19 have forced the world to quickly find new ways to live safely with it while maintaining stable socio-economic activities.

    With the development of technology, online has become the mainstream form of activity, e-commerce has grown rapidly, while the digital platform has become the main communication channel. Nowadays, many employees are gradually choosing to work from home. IT organizations are going to control the changes between “Work from home” and “Work in the office.” Business leaders need security features as well as productivity improvement during Covid-19. That’s why Intel has released its 11th Gen Intel vPro platform.

    Intel vPro is a platform “built for business,” using 11th Gen – 12th Gen Intel Core. It is a set of hardware and firmware technologies utilized to build business computing endpoints.

    Intel vPro value proposition spans four pillars, and business decision-makers who standardize on the vPro platform can benefit from hardware-enhanced protection, advanced maintenance, and validated platforms, all with the performance headroom to handle a wide range of business workflows.

    The 11th Gen processors feature the all-new Intel Iris Xe graphics processor that delivers a huge jump in performance. These processors also have integrated both Intel Wi-Fi 6 and Thunderbolt 4, so users get the latest wireless and cable connectivity standards built-in. They also deliver an exceptional performance for workers who need to collaborate and be productive.

    Intel Hardware Shield enabled hardware-enhances security features with advanced threat protection, application and data protection and below-the-OS security. Advanced threat protection uses aggressive memory scanning and artificial intelligence to detect new threats like ransomware and crypto-mining.

    Application and data protection includes encryption acceleration along with other features to protect applications and login credentials from attacks. Below-the-OS security prevents attacks against the BIOS and other firmware to enable a secure hardware and firmware foundation for the operating system.

    Intel vPro Platform comes with Intel Active Management Technology (Intel AMT) that allows IT to establish a secure connection between IT and a vPro-based PC. Once that secure connection is established, IT can perform a lot of different tasks as part of AMT.

    Remote power control continues to be one of the most used features of Intel AMT. With this, IT is able to remotely control the power state of a PC. Businesses use this to automate afterhours patching while keeping energy costs down. They can turn PCs off at the end of the day, yet wake them during the night to perform security updates without impacting productivity. Once they complete the patching they can put the PCs back to sleep to save energy. Lastly, before the workday begins, they can wake those PCs so everything is running and ready when employees arrive.

    The other most popular feature is hardware KVM. We’re all familiar with software based tools that we can use to take control of PCs and see the screen and move the mouse to help fix a system. It’s a very powerful tool, but only if the software can run. When a PC can’t successfully boot, those software based tools are powerless. That’s where Active Management Technology really shines, because it has a hardware KVM built into the chips. Even if the PC cannot boot, IT can connect with full KVM support to remotely remediate the PC, even entering the BIOS while maintaining the KVM connection.

    Intel Endpoint Management Assistant extends the power of Intel AMT beyond the firewall. By using cloud-based management infrastructure, devices don’t need a functional VPN to receive support from IT. As long as the AMT-enabled PC can reach the cloud, IT can securely connect to and remotely control that PC. This also allows IT technicians themselves to do their job either onsite or remotely.

    The cloud-based infrastructure is also easier to deploy and scale than traditional on-premise infrastructure and can be controlled using a simple web interface. When you’re running Intel EMA combined with Intel AMT, not only can you fix corrupted applications but a corrupted VPN is no problem at all, and a corrupted OS can also be remediated remotely.

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  • Apple’s plan to allow alternative payment platforms for Dutch dating apps is reportedly rejected

    Apple’s plan to allow alternative payment platforms for Dutch dating apps is reportedly rejected

    Apple could be fined this coming week by the Netherlands’ ACM (Authority for Consumers and Markets) for continuing to take a cut of 15% to 30% of in-app payments for dating apps in the country that are downloaded from Apple’s App Store. Apple does not allow developers to offer alternative payment platforms for their apps and any developer that does faces expulsion, along with their related apps, from the App Store.

    By failing to fully comply with the ACM, Apple currently owes over 45 million euros ($49 million) in penalties. The watchdog agency has charged Apple 5 million euros weekly since January for continuing to block alternative payment platforms for dating apps from the App Store. This past week was the ninth that saw Apple fined for failing to follow the order and once the amount Apple owes reaches 50 million euros, subsequent fines could be higher.

    Reuters reports that Apple submitted a new proposal to the ACM last week hoping to get the weekly fines halted. However, an unnamed official at the ACM told the news agency that Apple’s proposal does not comply with its order. Earlier this month Apple told the agency that it was following the agency’s request by telling developers of Dutch dating apps that they could provide users with a third-party in-app payment platform.

    However, Apple wants the developers to essentially create a separate app for the Dutch App Store and another for the App Stores used in other countries. Apple felt that this request was fair and would make sure “that Apple complies with its legal obligations in the Netherlands while at the same time having the ability to maintain its standard terms and conditions in the rest of the world.”

    The ACM begged to differ responding that Apple’s plan created an unnecessary barrier. Back in 2019, the watchdog agency started an investigation to determine whether Apple was abusing its dominant market position. That investigation was later reduced in scope to cover dating apps only, including Tinder.

    Apple, according to the agency, abuses its domination of the market and has been ordered to revise its ban on third-party App Store payment platforms. Apple says that it does not abuse its position in the marketplace.

    Last week we told you that if the Digital Markets Act (DMA) becomes law in the EU, Apple may be forced to allow iPhone users to sideload apps from third-party app stores which is a practice it currently does not allow anywhere due to security concerns.

    If the DMA does become law in the EU, Apple will also have to allow alternative payment platforms to collect in-app payments in the App Stores found in member countries. EU’s antitrust chief, Margrethe Vestager says that the Act could become law as soon as this coming October, or it could take until 2023 to pass.

    Apple is also caught up in Epic’s appeal of the aforementioned court case that saw Judge Yvonne Gonzalez Rogers release a 185-page decision that said Apple is not a monopoly, and that the company cannot be punished for being successful. The judge did order an injunction that prevents Apple from blocking the use of third-party app payment platforms, but the tech giant won a last second stay blocking that injunction from the Ninth U.S. Circuit Court of Appeals.

    So for now, at least in the U.S., Apple can continue to block alternative app payment platforms from entering the walled garden. In other regions of the world, Apple might have to make some changes.

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  • TikTok videos coming to screens in gyms, bars, and restaurants

    TikTok videos coming to screens in gyms, bars, and restaurants

    Atmosphere, a streaming TV service for businesses like restaurants and gyms, announced its partnership with TikTok. The new collaboration will bring carefully selected TikTok videos to businesses around the world in the form of a new channel on Atmosphere’s platform.

    Dan Page, TikTok’s Head of Global Business Development and New Screens, said about the new partnership, “By partnering with Atmosphere, we’re excited to make it easy for people to experience TikTok together by bringing the joy and creativity of our platform to new screens, venues, and audiences.”

    Atmosphere’s ad-supported streaming platform provides entertainment content to over 19,000 businesses worldwide. Some of these businesses are restaurants, bars, gyms, and doctors’ offices. Atmosphere also works with Westin, Taco Bell, and Texas Roadhouse, so if you are a customer of these restaurants, you will also be able to watch Atmosphere’s carefully curated TikTok videos during your meal.

    Leo Resig, CEO and co-founder of Atmosphere, said in a statement, “Everyone is constantly on the go and on their phones, so we developed a hyper-entertaining streaming TV platform with Atmosphere, which elevates the vibe of any business. This is a win-win for the business and their customers as well as advertisers, who are having a harder time connecting with an unreachable TV audience. ”

    Atmosphere offers a streaming TV platform for businesses worldwide that has more than 64 TV channels. Atmosphere’s platform gives access to various entertainment content like video compilations, sports, lifestyle, and art. More than 20 million unique visitors every month, according to Atmosphere, watch its TV platform.

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  • Pomelo’s growth shows hope for retailers

    Pomelo’s growth shows hope for retailers

    Pomelo’s triple-digit revenue growth after re-opening across the region has shown hope for retailers in Southeast Asia as retail bounds back post-Covid lockdowns.

    In Thailand, the omnichannel retailer saw a spike in the platform’s revenue growth of 127 percent between August and October as the country eased restrictions with malls and restaurants reopening in September. Across the broader Southeast Asia region, Pomelo saw an increase in retail foot traffic of 84 percent.

    “We are currently seeing a dramatic increase in spending across all of the Pomelo channels since the reopening,” said David Jou, co-founder, and CEO at Pomelo Fashion. “Both online & offline are benefiting from the pent-up demand and this is a global trend happening everywhere across the world.

    “With the borders slowly beginning to open up and travel resuming, we expect to see another uptick in terms of demand for the fashion industry.”

    Prior to the reopening in the region, the retailer launched seven stores, including new locations in Kuala Lumpur, Rayong, and Chiang Mai. Pomelo currently operates 26 brick-and-mortar stores and has more than 600 other brands on its e-commerce platform.

    The omnichannel retailer recorded around 40 percent in revenue growth last year, while the fashion industry in Southeast Asia was down 25.5 percent due to the pandemic, according to Euromonitor. About 90 percent of Pomelo’ revenue was generated from e-commerce channels.

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  • Vietnam Airlines launches e-commerce platform

    Vietnam Airlines launches e-commerce platform

    Vietnam Airlines has launched a new e-commerce platform VNAMALL, focused on selling imported products from countries to which it operates.

    As many as 300 products are available starting Monday on the platform, mainly pastries, fruit and wine.

    The airline also sells food typically available on its flights.

    It also introduced Vietnam Airlines Gift Card that comes with perks like more check-in baggage and priority check-in.

    VNAMALL is the latest initiative of the loss-making national flag carrier, which has been struggling to overcome Covid-19 impacts.

    The airline, in which the state holds a 86 percent stake, recorded an accumulated loss of VND17.77 trillion ($780.48 million) as of June 30.