Coronavirus pandemic fuels Asia e-commerce boom

SINGAPORE — E-commerce retailers across Asia have seen explosive sales growth during the pandemic crisis as consumers under lockdown splurge online.With brick-and-mortar retail outlets virtually shut out of the market, government enforced lockdowns have also...

Luckin Coffee fires CEO, COO after sales fraud investigation

Jenny Qian Zhiya, chief executive officer of Luckin Coffee Inc., speaks during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Friday, May 17, 2019.Victor J. Blue | Bloomberg | Getty ImagesLuckin Coffee said Tuesday...

From Shanghai to Bangkok, office demand set to plummet

SINGAPORE — The coronavirus pandemic will likely lead to an oversupply of office space across Asia as companies think twice about committing to fresh leasing contracts.According to London-based property consultancy Knight Frank, 73% of major Asia-Pacific office...