Poignant had himself replaced Lucy Peng, an Alibaba co-founder, who stepped down as CEO after nine months in 2018 although she remains executive chairwoman. Lazada said Poignant will now become special assistant to Alibaba Group Chairman and CEO Daniel Zheng.Alibaba has long had struggles with managing Lazada, a company it owns 90% of after investing $3 billion since 2016, with employees highlight...
Of the companies, 30 will shift to Southeast Asia. This includes: Hoya Corporation, which will produce hard-drive parts in Vietnam and Laos; Sumitomo Rubber Industries, which will manufacture nitrile rubber gloves in Malaysia; and Shin-Etsu Chemical, which will shift its rare-earth magnet production to Vietnam, among others.The rest 57 projects will move to Japan for their operations.Iris Ohyama, ...
Less well-known is that Venice is also choking on its own pollution.Hundreds of diesel-powered vaporetti - commuter boats or water buses - spew out tonnes of carbon as they zigzag through the city's canals. Zipping to and from the Italian mainland, they ferry the 25 million tourists that visit annually, as well as food, hotel laundry and goods.But some in this climate-challenged city believe they ...
Shoppers will notice the supply issues next January unless there is a "massive upgrade" in border facilities, the British Retail Consortium said.The warning came after cabinet minister Michael Gove said that border checks are "inevitable" after the Brexit transition period ends on 31 December.Officials said firms have enough time to prepare for the changes.Food availabilityBorder checks could quic...