Competition
Competition watchdog flags Agoda’s Singapore website, mobile app for potentially misleading features
[SINGAPORE] Singapore’s competition watchdog has raised concerns with Agoda over several design features on its Singapore website and mobile application that were found to be potentially misleading. A number...
HK Express airfares dragged down by rising competition out of Hong Kong, CEO says
[NEW DELHI] An accelerating fall in the price of air tickets from recent high levels is the biggest challenge at Cathay Pacific’s budget arm HK Express, its CEO said,...
Maybank downgrades Malaysia’s Tan Chong Motor to ‘sell’ amid widening losses, competition
[SINGAPORE] Maybank Investment Bank has downgraded Malaysia’s Tan Chong Motor (TCM) to “sell”, from “hold” previously, amid widening losses, weak product appeal and intensifying competition.Despite the downgrade, Maybank maintained...
Asian Pay TV Trust Q1 profit falls 47.2% amid steeper basic TV competition
[SINGAPORE] Asian Pay Television Trust (APTT) posted a first-quarter net profit of S$7.3 million, down 47.2 per cent from S$13.8 million in the previous corresponding period. Revenue fell 6.5...
Jumbo’s H1 profit down 10.6% at S$7.9 million amid heightened F&B competition
[SINGAPORE] Restaurant operator Jumbo Group reported a 10.6 per cent decline in profit to S$7.9 million for the six months ended March 31, down from S$8.9 million in the...
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
[SHANGHAI] Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click on product links to shop on Alibaba’s Taobao platform.
The...
Huawei’s expansion in smart driving stirs competition, scrutiny
[NEW YORK] Chinese smartphone maker Xiaomi’s pivot into cars has become a high-profile success story. Its SU7 is a hit, forecast to sell 350,000 units this year and even...
Google held a monopoly in online ad tech, U.S. judge finds
In another major legal blow to Google, a federal judge on Thursday ruled that the search giant held an illegal monopoly over some advertising technology.Judge Leonie Brinkema of the...
