Consumer

Social media platforms engaged in ‘vast surveillance’ and failed to protect young people, FTC finds
Major social media platforms and video streaming services that gather a “staggering” amount of data from its users have failed to protect young people and safeguard online privacy, the...
Former gaming executives raise US0 million for new consumer VC fund
Former gaming executives raise US$100 million for new consumer VC fund
VENTURE capital company Patron has raised US$100 million for a new fund that will focus on young consumer-facing companies, with a particular focus on technologies inspired by gaming.It is...
China holidays test consumer stocks mired in spending gloom
China holidays test consumer stocks mired in spending gloom
CHINA’S two upcoming public holidays are putting a spotlight on consumer-related shares amid a struggling spending recovery. Holiday consumption is in focus as a spending downswing and deflation risks...
EU consumer groups slam ‘manipulative’ video game spending tactics
EU consumer groups slam ‘manipulative’ video game spending tactics
EUROPEAN consumer groups on Thursday accused the world’s biggest video game companies of “purposefully tricking” consumers, including children, to push them to spend more.Video games are wildly popular in...
Apple touts latest AI tools as it unveils iPhone 16
SAN FRANCISCO —  Apple on Monday unveiled its newest generation of iPhones, with the usual improvements to their cameras and computing power. But this time, the company touted an additional...
DBS names Calvin Ong as new Singapore consumer banking head
DBS names Calvin Ong as new Singapore consumer banking head
This comes after he spent eight years at the bank’s corporate treasury, where he eventually became deputy corporate treasurerDBS has appointed Calvin Ong as its new Singapore consumer banking...
Yelp versus Google: an antitrust court fight plays out in San Francisco
San Francisco —  For years, Yelp has complained about Google’s practices, alleging that the tech giant placed its own products above competitors in Google search results.Yelp says when a customer...
DBS consumer banking head Jeremy Soo to succeed UOB’s Susan Hwee as Nets chair
DBS consumer banking head Jeremy Soo to succeed UOB’s Susan Hwee as Nets chair
NETWORK for Electronic Transers (Nets) has appointed Jeremy Soo, DBS’ head of consumer banking and managing director, as its chairman, effective Sunday (Sep 1).He succeeds UOB’s Susan Hwee, who...
China’s two richest people lose billions in consumer stock rout
China’s two richest people lose billions in consumer stock rout
RECORD-breaking stock sell-offs in two of China’s biggest consumer companies erased more than US$16 billion from the fortunes of the nation’s richest people, underscoring deepening investor concern over the...
Din Tai Fung to close 14 China outlets amid weak consumer spending
Din Tai Fung to close 14 China outlets amid weak consumer spending
TAIWANESE dumpling chain Din Tai Fung will close more than a dozen stores in mainland China, a market that’s seen a brutal price war among restaurants to lure increasingly...