Singapore Archives

Shein Restructures Its IT R＆D Team in Singapore: Lays Off 17 Employees, Will Continue to Recruit

Chinese fast fashion online retailer Shein dismissed 17 employees at its Singapore headquarters, despite the company's plans to continue expanding its business in Singapore.

Luckin Coffee Plans Large-Scale Expansion, Focusing on Southeast Asia and the U.S.

Luckin Coffee plans to launch a large-scale overseas expansion from Q4 2024, focusing on the Southeast Asian and U.S. markets.

Alibaba International Launches ‘Aidge’, an AI Suite to Enhance Global Commerce Operations

On November 6, Alibaba International announced the pilot launch of “Aidge,” its first commerce-centric, AI-powered suite of APIs that is poised to streamline global operations for enterprises.

Alibaba International Digital Commerce Group Unveils Winners of 2023 Global E-commerce Challenge

Talented young minds from universities in China, Spain and Singapore have been hailed as winners of the 2023 Alibaba Global E-commerce Challenge organized by Alibaba International Digital Commerce Group (AIDC) after a series of rigorous competitions.

Luckin Coffee Opens Two Stores in Singapore

On March 31st, Luckin Coffee opened two new stores in Singapore and entered the trial operation phase.

Alibaba Denies Setting Up Global HQ in Singapore

Alibaba denied a rumor that it is planning to build global headquarters in Singapore, adding that the firm had participated in the construction of a joint facility in 2019 to provide office space for various Southeast Asian business units under Lazada and other subsidiaries.

Luckin Coffee Starts Recruitment in Singapore

Recently, on JobStreet, a recruitment website in Southeast Asia, Chinese coffee chain Luckin Coffee was shown to be recruiting store managers in Singapore, offering a monthly salary ranging from S$3,800 to S$4,900 ($2,824 - $3,641).

Waterdrop Founder Won’t Pursue “996” Work Culture Outside China, Triggering Controversy

Shen Peng, the founder of insurance tech platform Waterdrop Inc., said at a forum in Singapore that when exploring overseas markets, Chinese companies cannot copy China's prevailing "996" work culture – a 12 hours per day, six days per week working schedule.

Shopee Confirms It Required Laid-Off Workers to Compensate for Computer Damage

Shopee, an e-commerce giant with operations in Southeast Asia, reportedly demanded that laid-off employees pay compensation for damaged work computers. Shopee then confirmed this policy.

Sea’s E-commerce Platform Shopee Cuts Staff in China

Shopee, an e-commerce platform owned by Singapore's Sea Limited, will cut some jobs around the world. According to one Shopee employee in Shenzhen, the company has reduced at least one business line in the base to a third of what it was.

Tencent Cloud and Singapore-Based Strange Universe to Develop Web3 Business Metaverse Platform

Tencent Cloud announced on September 13 its signing of a memorandum of understanding with Strange Universe Technology, a Singapore-based Web3 company, involving the creation of an immersive and integrated platform.

China NFT Weekly: A Bad Week for Crypto

This week: Tencent's NFT marketplace Huanhe to close down, Zipmex becomes latest crypto exchange to halt withdrawals, Hong Kong monetary chief said crypto and DeFi won't disappear, and more.

BYD Launches New ATTO 3 SUV in Singapore

BYD's ATTO 3, the first A-class high-performance SUV built on the firm's e-platform 3.0, was launched in Singapore on July 8, making its debut among ASEAN countries.

NIO Successfully Lists in Singapore, to Set Up Local R&D Center

Chinese EV maker NIO successfully listed on the main board of the Singapore Exchange (SGX) on Friday, beginning trading under the ticker symbol "NIO."

NIO to Be Listed on Singapore Exchange May 20

Chinese electric vehicle maker NIO announced on Wednesday that it expects to be listed and commence trading on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) on May 20.

NIO Announces Proposed Secondary Listing in Singapore

On Friday, Chinese electric vehicle maker NIO announced its proposed secondary listing by way of introduction to the Main Board of the Singapore Exchange, following its IPO at the Hong Kong Stock Exchange on March 10.

Lilith Games to Set up Game Publishing Brand in Singapore

Chinese gaming company Lilith Games announced on Monday that it will set up a game publishing company in Singapore called Farlight Games to support and facilitate the global distribution of the company's games.

Ant Group Appoints Jia Hang as General Manager for Southeast Asia

Ant Group has announced the appointment of Jia Hang as its General Manager for Southeast Asia. The Group said this newly-established position will help strengthen its talent and capacity building in the region.

EV Firm NIO Sets Sights on Singapore IPO

According to its related prospectus disclosed at the end of February, electric vehicle firm NIO has applied to the main board of the Singapore Exchange Limited for a second listing by way of introduction.

Chinese Economical Beverage Brand MXBC Enters Singapore and Malaysia

MXBC, a chain brand dedicated to creating fresh ice cream and tea drinks in China, has officially entered Singapore and Malaysia, two Southeast Asian countries.

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