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Insights
23-Apr-18 Walmart Inc is close to finalizing a deal to buy a majority stake in India’s leading e-commerce company Flipkart for at least USD12 bn. The deal would give Walmart a foothold in a market of 1.3 bn people. [image: Bloomberg News]
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Insights
20-Apr-18 Ikea is planning to open a number of small city stores in Seoul, a significant departure from the suburban mega stores that the company typically favours, enabling people who find it difficult to access Ikea outside of city centers. [image: Ikea Korea]
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20-Apr-18 Apple will allow Siri to support voice commands for Alibaba's Alipay, meaning users will be able to tell Siri to open the Alipay payment screen directly - an acknowledgement that Chinese players are miles ahead on payments. [image: South China Morning Post]
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Insights
19-Apr-18 The People's Bank of China has issued an Announcement allowing qualified foreign-invested enterprises to apply for payment business licences under the existing legal regime applicable to domestically-owned entities. [image: TMTPost]
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Insights
19-Apr-18 While the Indian central bank continues to assert there is no cash shortage, experts say the cash shortfall in the system is a whopping USD10.6 bn, a third of the monthly withdrawals normally made at ATMs. [image: Reuters]
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