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· Ryan General
Shein a ‘major threat’ to US specialty retailers, new survey finds
Union Bank of Switzerland (UBS) Evidence Lab's Global App Monitor reported that Chinese retailer Shein’s app is now the “most downloaded" shopping app in the U.S., mainly due to the online store’s affordable pricing. UBS, which surveyed 7,500 consumers in the U.S., Germany,…
· Editorial Staff
At Least 25 Global Brands Have Apologized to China Since 2017
Less than two weeks into October, over half a dozen U.S. organizations have kowtowed to political pressure from China, acknowledging the purchasing power of the world’s largest population and second-largest economy. The controversy involving the NBA has effectively stung a…
· Ryan General
Alibaba is About to Make $20 Billion in ONE DAY
China’s online retail behemoth Alibaba is gearing up for a massive revenue for the upcoming “Singles’ Day,” China’s official online shopping holiday scheduled Friday Nov. 11. According to market experts, Alibaba’s online sales may reach a record-breaking $20 billion this time…
· Bryan Ke
Mike Tyson to launch weed brand in Thailand years after nearly being arrested for it
Legendary boxer Mike Tyson is bringing his cannabis brand Tyson 2.0 to Thailand, the same country where he nearly got in trouble with the law for the same recreational drug. Expanding to Asia: The company announced in a press release on Wednesday that it entered a partnership…
· Michelle De Pacina
India surpasses Hong Kong to become world’s fourth-largest stock market for first time
India’s stock market capitalization has surpassed Hong Kong’s for the first time, making the South Asian nation the fourth-largest equity market globally. India’s growth: As of Monday’s close, India‘s stock market capitalization reached $4.33 trillion compared to Hong Kong’s…
· Bryan Ke
USPS to release Year of the Dragon stamp
The U.S. Postal Service will release a Year of the Dragon stamp — the fifth in its Lunar New Year series — at a public event next week. About the event: The event will be held at the Chinatown Community Center in Seattle’s Chinatown International District on Jan. 25, according…
· Ryan General
Feds: Elected officials among clients of high-end brothels that trafficked Asian women
Three individuals have been arrested and now stand accused of engaging in the exploitation of predominantly Asian women
· Bryan Ke
Korean cuisine ranks as cheapest cuisine to cook at home: UK study
A new U.K. report finds that Korean cuisine is the “most cost-effective” cuisine to cook at home on average for a single person or a family of four. What the statistics say: In its study, Asian snacks and drinks brand Kelly Loves noted that Korean cuisine, on average, is the…
· Ryan General
Seoul holds subdued Halloween 1 year after deadly ‘crowd crush’ disaster
Major retailers, including Lotte and Shinsegae, have chosen to remain low-key, forgoing Halloween-related promotions
· Carl Samson
Asians call out Portland brand ‘Better Boba’ for alleged whitewashing
A packaged boba business based in Portland, Oregon, has sparked outrage on Instagram for its alleged whitewashing of tapioca pearls. Driving the news: Founded by couple Parth and Allison Sodha, Better Boba brands itself as the “all-natural” alternative to packaged boba commonly…
· Ryan General
Shein partners with Forever 21 to expand their fast fashion reach
Pundits have since raised questions about the environmental implications of this union
· Michelle De Pacina
Popeyes relaunches in China with 1,700-store expansion plan, menu aimed at Chinese palates
Fast-food franchise Popeyes has returned to China with plans to open over 1,000 stores across the country in the next decade. Popeyes’ relaunch: Over the weekend, record crowds attended the opening of Popeyes’ new flagship restaurant in downtown Shanghai. The brand, which aims…
· Bryan Ke
Costco confirms it is cracking down on membership sharing
Costco is now cracking down on its membership program after noticing an increase in non-members using cards that do not belong to them. Key details: The warehouse club retailer said on Friday that non-members have been using cards that belong to paying members at Costco’s newly…
· Ryan General
How a $20 Uniqlo bag became fashion’s hottest accessory
A $20 shoulder bag from Japanese casual wear company Uniqlo has taken the world by storm to become this quarter’s most sought-after accessory. Uniqlo’s Round Mini Shoulder Bag has earned its place at the top of online fashion retailer Lyst’s breakdown of the hottest products for…
· Iris Jung
Singaporean teen ridiculed for calling Charles & Keith ‘luxury’ is named its brand ambassador
The Singaporean teen who faced ridicule online after referring to a bag from an affordable fashion company as “luxury” has been named a brand ambassador by the company. Early this year, Zoe Gabriel, 17, uploaded a TikTok video of herself receiving a Charles & Keith handbag as a…
· Michelle De Pacina
Shohei Ohtani announces deal with New Balance
MLB star Shohei Ohtani announced his partnership with athletic apparel and footwear company New Balance on Tuesday. On the same day, New Balance revealed that the two-time MLB All-Star had signed a long-term deal with the activewear brand.
· Ryan General
Blogilates founder accuses fast fashion label Shein of stealing her skirt design
Cassey Ho, founder of the popular fitness brand Blogilates, recently took to social media to accuse Chinese fast fashion retailer Shein of stealing one of her skirt designs. In an Instagram post, the 36-year-old fitness entrepreneur expressed frustration and anger after…
· Michelle De Pacina
COVID-related stigma cost Asian restaurants in US $7.4 billion in lost revenue: study
A new study reveals that COVID-related stigma cost Asian American restaurants over $7.4 billion in lost revenue in 2020. As anti-Chinese sentiment rose during the COVID-19 pandemic, researchers from Boston College, the University of Michigan and Microsoft Research studied the…
· Iris Jung
Sony says the PlayStation 5 shortage is over
Sony Interactive Entertainment CEO Jim Ryan has announced the PlayStation 5 (PS5) shortage is over. During their annual CES press conference, which was streamed on Wednesday, Ryan thanked those who have been waiting for a PS5.
· Bryan Ke
Vietnamese EV maker VinFast ships 999 cars for US debut
Vietnamese electric vehicle (EV) maker VinFast shipped its first batch of 999 EVs to the U.S. on Friday. “The export of the first 999 VF 8s is a significant event for VinFast and Vingroup and a proud historical milestone for the Vietnamese automotive industry,” Nguyen Viet…
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Hello Kitty connects to Sanrio, licensing, collabs, and global retail.