Online shopping has become a lifestyle in the Asia Pacific region, with 9 out of 10 millennials preferring to shop online via their smartphones. Record-breaking online spending was seen during Black Friday and Thanksgiving in the United States. Businesses must focus on creating a brand that resonates with customers, as demonstrated by Cheak’s success in the activewear market. Jaco Hardware’s growth was fueled by a significant investment in digital marketing, leading to a 100x revenue increase. Selling directly to consumers can accelerate growth on your own terms, separate from marketplace platforms like Amazon and Shopee.
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MAS monitoring Tokenize Xchange's progress in returning assets, money to customers
The Monetary Authority of Singapore (MAS) is monitoring Tokenize Xchange's progress in returning customer assets after the exchange ceased operations following the rejection of its digital payment token license. Tokenize plans to relocate to Labuan, Malaysia, to operate under a new regulatory framework while managing phased withdrawals for Singapore users before September 30. Want More Context? 🔎
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