E-COMMERCE MARKET IN CHINA WILL REACH US$3 TRILLION IN 2024
E-COMMERCE MARKET IN CHINA WILL REACH US$3 TRILLION IN 2024 - The Chinese e-commerce market is set to register a strong compound annual growth rate (CAGR) of 12.4% from CNY13.8 trillion (US$2.1 trillion) in 2021 to CNY19.6 trillion (US$3.0 trillion) in 2024, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s E-Commerce Analytics, e-commerce sales in China are expected to register a robust growth of 17.2% in 2021, as consumers increasingly shift from offline to online due the COVID-19 pandemic. Nikhil Reddy,…
APAC FORMALWEAR RETAILERS MUST ADAPT TO WORK-FROM-HOME TREND TO STAY RELEVANT IN MARKET
APAC FORMALWEAR RETAILERS MUST ADAPT TO WORK-FROM-HOME TREND TO STAY RELEVANT IN MARKET, SAYS GOLBALDATA With work-from-home continuing to be a precautionary measure in 2021 to safeguard employees from the COVID-19 pandemic, formalwear retail brands in the Asia-Pacific (APAC) region need to revisit their strategies to operate and compete in the market, says GlobalData, a leading data and analytics company. Formalwear retail brands saw a sharp growth in the recent past with the emergence of countries such as India, Singapore and China as major …
BOEING'S REVENUE HAS DROPPED BY NEARLY 50% SINCE 2018 - $58.16B In 2020
BOEING'S REVENUE HAS DROPPED BY NEARLY 50% SINCE 2018 - $58.16B In 2020 - Boeing is one of the biggest companies in the world, but the airline giant has had a very tumultuous last couple of years. Even before 2020’s Coronavirus pandemic, the company was already experiencing sharp declines in various metrics due to a major global controversy around one of its aircraft. According to data presented by Buyshares.co.za , Boeing’s revenue of $58.16 in 2020 was a 42.5% decrease compared to 2018’s record-high revenue of over $101B - a CAGR of -24…
BUYING PROPERTY DURING PANDEMIC IN 2021
BUYING PROPERTY DURING PANDEMIC IN 2021 – The economy is crushing, and affected many industries including the real estate and property market. Although the industry has a decrease in sales, property as an investment instrument is one of the so many choices for corporations or individual investors with a healthy financial record to build their wealth, even during the pandemic. Property is a sector that has a very high buying and selling price. Besides being able to be used alone, not a few people also buy property to be used as future investme…
WORLD'S TOP THREE CRUISE LINES ACCUMULATE OVER $60 BILLION IN DEBT
WORLD'S TOP THREE CRUISE LINES ACCUMULATE OVER $60 BILLION IN DEBT - The year 2020 was unforgiving for cruise lines but 2021 seems to have started off on a slightly higher note. For the top three industry players, surviving the year took its toll resulting in a high level of cash burn and massive debt burdens. According to the research data analyzed and published by ComprarAcciones.com , the top three cruise lines have accrued more than $60 billion in debt during the pandemic period. Norwegian Cruise Lines’ debt burden was over $12.15 b…
BEIJING'S TOURISM REVENUE DROPPED BY 53% IN 2020 - LOSS OF OVER ¥330B
BEIJING'S TOURISM REVENUE DROPPED BY 53% IN 2020 - LOSS OF OVER ¥330B -The tourism industry was badly hit by the COVID-19 pandemic and the city of Beijing saw the momentum of the industry halted in 2020. Beijing had become an increasingly popular tourist destination prior to the pandemic with revenue from inbound tourism recorded at $5.16B in 2019. According to data presented by TradingPlatforms.com , Beijing’s total revenue from tourism decreased by over 53% in 2020 for a staggering loss of ¥330B or $50B. Beijing Revenue From Tourism Dr…
INDONESIA’S MULTIFINANCE INDUSTRY EXPECTED TO HELP FILL FINANCING GAP
Metropolitan Jakarta - Capital City of Indonesia INDONESIA’S MULTIFINANCE INDUSTRY EXPECTED TO HELP FILL FINANCING GAP - A new Covid-19 Response Report (CRR), produced by Oxford Business Group (OBG) in partnership with FIFGroup, explores the opportunities for growth in Indonesia’s multifinance industry in the post pandemic era. The analysis focuses on the potential for accelerated digitalisation to reshape the segment, with the development of financial technology, wider digital lending and increased e commerce activity as emerging trends. T…
AIRBNB STOCK UP BY 23% IN 2021, TRADING AT MORE THAN TWO TIMES ITS IPO PRICE
AIRBNB STOCK UP BY 23% IN 2021, TRADING AT MORE THAN TWO TIMES ITS IPO PRICE - Since the company’s IPO in December 2020, Airbnb’s share price has rallied remarkably. It is trading at $177.90 per share as of March 4, 2021, marking a 22.77% increase year-to-date (YTD). The figure was more than 2.5 times its IPO price of $68 per share. Based on data from Tourism Economics, travel spending in the US declined by 42% in 2020 to $679 billion. Though it has bounced back to some extent, it remains below pre-pandemic levels. Airbnb Bookings Recovered …
LVMH MARKET CAP SOARS SOARS TO €265 BILLION, HIGHEST VALUED COMPANY ON EUROPE STOCK MARKET
Photo by Anne R from Pexels LVMH MARKET CAP SOARS SOARS TO €265 BILLION, HIGHEST VALUED COMPANY ON EUROPE STOCK MARKET - Luxury conglomerate LVMH is among the key beneficiaries of investor optimism. According to the research data analyzed and published by Finaria , luxury conglomerate LVMH’s market capitalization stood at €264.55 billion as of February 26, 2021. That made it the highest valued company on the European stock market, overtaking Nestle which had CHF 267.57 billion (€242 billion). Based on a HH Journal report, LVHM’s sha…
WYNDHAM DESTINATIONS ACQUIRES TRAVEL+LEISURE BRAND FROM MEREDITH CORPORATION
Photo by Karolina Grabowska from Pexels WYNDHAM DESTINATIONS ACQUIRES TRAVEL+LEISURE BRAND FROM MEREDITH CORPORATION - Wyndham Destinations (NYSE: WYND) and Meredith Corporation (NYSE: MDP) today announced that Wyndham Destinations has acquired the Trave l + Leisure brand and all related assets from Meredith Corporation, combining the travel company's portfolio of resort, membership, and lifestyle travel brands with the world's most trusted travel lifestyle content curator and its travel clubs. This acquisition will accelerate…
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